The latest DBS-Manulife survey shows that Indians worry about their ability to afford medical costs after they retire.
Out of the 1,004 surveyed, 31% respondents are less confident about their ability to afford healthcare and medical expenses.
Further, one in three (31%) respondents is not sure about estimating the correct healthcare cost during retirement. Another 23% of consumers are not sure about the type of insurance they should buy to cover healthcare and medical expenses adequately.
Among the cities covered in the survey, respondents from Delhi and Hyderabad are most confident of saving adequate to take care of healthcare expenses post retirement.
The online survey was conducted among 1,004 respondents - 538 men and 466 women; 642 respondents were in the age group of 40-49 years and 362 in the age group of 50-60 years. The survey was carried out in Delhi, Mumbai, Bengaluru, Chennai, Hyderabad and Kolkata. Those with personal income of over Rs.1 lakh or AUM of Rs.30 lakh were considered affluent; 322 respondents were from this category and 682 were from the mass or emerging affluent category.
