Need to develop India into insured society, says Jaitley

Need to develop India into insured society, says Jaitley

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New Delhi: Union Finance and Corporate Affairs Minister Arun Jaitley addresses at the 4th Annual Pension Conference on the theme of ‘Creating an Inclusive and Sustainable Pension System in India: Opportunities and Challenges’, organised by the Pension Fund Regulatory and Development Authority (PFRDA), in New Delhi on Feb 28, 2018. (Photo: IANS/PIB)
New Delhi, Feb 28 (IANS) Union Finance Minister Arun Jaitley on Wednesday said there is a great need to evolve India into an insured society and to provide income security and pension facility to its senior citizens.Speaking at the fourth Annual Pension Conference here, the Finance Minister said there was a need to provide for old-age income security and pension facility to the citizens in view of the evolving demographic profile, changing socio-economic structure and limitations on the fiscal resources. He added that dependency of senior citizens was a grave challenge for the society and that it could be met with evolution of concept of pension and its expansion.During the event, Jaitley also inaugurated the Pension Fund Regulatory and Development Authority's (PFRDA) website on financial literacy and pension planning.--IANSvv/nir/bg

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(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

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