t's a product that has been around for years yet never been advertised. Given the saving mentality of most Indians, perhaps pension plans really did not need to be pushed earlier.

But today the attitude of most Indians towards money has undergone a paradigm shift. With increased spending choices, the low interest rates, the booming stock market, and higher purchase power, Indians are loosening their purse strings like never before. Not surprisingly, even pension plans need to be pushed and the merits of leading a life of financial independence post retirement stressed.... more