Market Structure and Challenges for Annuities in India

30 Pages Posted: 11 Nov 2010

See all articles by Mukul G. Asher

Mukul G. Asher

National University of Singapore - Lee Kuan Yew School of Public Policy

Deepa Vasudevan

affiliation not provided to SSRN

Multiple version iconThere are 2 versions of this paper

Date Written: September 10, 2010

Abstract

India will need to develop a robust annuity market if it is to enable its rapidly aging population to address longevity risk. As the fraction aged triples by 2050, driving a huge potential demand for annuity-type products that will need to be matched by responses from annuity providers. Developing a deeper and broader market for annuities will require disaggregated morbidity and mortality databases for better price discovery; supply of financial instruments enabling better matching of assets and long-term liabilities; innovations in annuity products and distribution channels; greater financial literacy, and more robust regulation.

Keywords: Annuitiy, India, Retirement, Insurance, Pension, Inflation, Longevity, Saving, Benefits, Markets

Suggested Citation

Asher, Mukul G. and Vasudevan, Deepa, Market Structure and Challenges for Annuities in India (September 10, 2010). Pension Research Council Working Paper No. 2010-15, Available at SSRN: https://ssrn.com/abstract=1706859 or http://dx.doi.org/10.2139/ssrn.1706859

Mukul G. Asher (Contact Author)

National University of Singapore - Lee Kuan Yew School of Public Policy ( email )

Singapore 117591
Singapore
(65) 6778 1020 (Fax)

Deepa Vasudevan

affiliation not provided to SSRN ( email )

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