India’s retirement preparedness is showing a steady improvement, with the India Retirement Index Study (IRIS 5.0) by Axis Max Life Insurance reporting a national score of 48, up from 44 in 2022. The findings underline a growing awareness of financial security, health preparedness, and emotional well-being — driven by a renewed emphasis on early planning and the increasing popularity of the National Pension System (NPS) as a formal retirement tool. Advertisement

Conducted in partnership with Kantar, the fifth edition of IRIS reveals that half of urban Indians now believe retirement planning should begin as soon as they start earning. However, despite rising awareness, actual savings remain insufficient. Only 37% of respondents have achieved even a quarter of their retirement corpus target

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