Corpus of Rs 65,00,000 ideal for retirement: ICICI Prudential survey

According to the findings of the study, a majority of people want to invest in annuity products as part of their retirement planning

ICICI Prudential life insurance survey has revealed that a corpus of about Rs 65.4 lakh is considered ideal for retirement by Indian respondents.

The survey, titled "Is India prepared for retirement?" was done in tandem with Quantum Consumer Solutions which surveyed over 1,100 individuals to understand the consumers’ attitudes toward retirement, money, and annuity plans. The survey provides deep insights from diverse perspectives, including government employees, private sector employees, businessmen, self-employed, and retirees across the age bracket of 45 to 75 years from cities with a population of more than 2 million.

Retirement is seen as a time full of possibilities, according