Senior Citizens News
Grey eminence: Senior professionals play a big role in shaping post-pandemic workplaces
The ‘silver generation’ of professionals aged 50 and above may be able to unlock greater profitability and value for firms through their social capital. But we must be cautious about using intuition alone to guide workplace culture.
4 min read14 Mar 2025Health insurance for senior citizens: No clarity on implementation of 10% premium hike cap
Irdai's January circular capped health insurers' annual premium hikes at 10% for senior citizens aged 60 years and above.
3 min read3 Mar 2025Fixing senior citizen health insurance pricing beyond the premium caps
Irdai's 10% cap on health insurance premium hikes for senior citizens offers much-needed relief, but it also raises questions about long-term sustainability, insurer practices, and the future of affordable healthcare.
3 min read25 Feb 2025They cared for each other into their 80s. Then he shot her and killed himself.
The strain of caregiving likely plays a role in murder-suicides among older adults, say researchers.
7 min read20 Jan 2025Small savings schemes: Interest rates on PPF, SSY, SCSS remain unchanged for January-March quarter; Check rates
Small savings schemes: The interest rates for small savings schemes have remained unchanged for the last four quarters. The government last made changes for some schemes in the fourth quarter of last fiscal.
2 min read31 Dec 2024In Indian real estate, senior living is still in the junior league
We often hear of India’s demographic dividend, that it is a country with a rather large young population. But the number of senior citizens is growing fast too. There is demand for quality retirement homes and elder care services. But this ‘silver economy’ hasn’t really taken off.
11 min read30 May 2024Health Insurance for senior citizens: How the no age restriction new rules will benefit the elderly— Explained
Health Insurance for senior citizens: The insurance regulator's decision to remove the age limit for health insurance purchases is anticipated to significantly impact on the elderly
2 min read4 May 2024Senior Citizen Savings Scheme soars over two times
The upper deposit limit for the Senior Citizen Savings Scheme has been increased to ₹30 lakh from ₹15 lakh, with the revised limit in effect from April 1, 2023.
1 min read28 Feb 2024Budget 2023: Government raises interest rate on Senior Citizens' Savings Scheme to 8%; all you need to know
The Union Finance Minister Nirmala Sitharaman announced reforms in the Budget 2023, allowing senior citizens to save and invest more for their future. The Senior Citizens' Savings Scheme (SCSS) has been enhanced from Rs 15 lakh to Rs 30 lakh, with an interest rate of 8%. The maximum deposit limit for the monthly income accounts scheme has also been increased from Rs 4.5 lakh to Rs 9 lakh for single accounts and Rs 9 lakh to Rs 15 lakh for joint accounts.
1 min read1 Feb 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared