Give retirees the choice of variable annuities to hedge against inflation

Truth be told, the government can also benefit from a successful variable PPP. If private-sector employees adopt it, government employees could follow

My friend Prakash, a fitness enthusiast, exercised daily —running, weightlifting, and stretching. At 60, his doctor advised him to slow down, recommending leisurely walks instead. Prakash resisted, questioning: “After all, age is just a number, isn’t it?”

 

He drew an analogy between this and India’s annuity market. Annuities, offered by life insurance (LI) companies, provide periodic pension payouts in exchange for a lump-sum premium. India’s stagnant annuity market gained attention after the finance minister proposed a regulatory coordination forum to develop it.

 

Prakash, now 60, built a retirement corpus of ₹1 crore through the National Pension System (NPS). He withdrew