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Pension Fund Market to Eyewitness Massive Growth by 2026| HDFC Life Insurance Company Limited , Aviva Life Insurance Company India Limited, LIC Pension Fund Limited

Pension Fund Market

Pension Fund Market

A new research document is added in HTF MI database of 71 pages, titled as 'Pension Fund Market in India 2020' with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions and important players/vendors such as HDFC Life Insurance Company Limited ,Aviva Life Insurance Company India Limited, Aditya Birla Sun Life Pension Management Limited,HDFC Pension Management Company Limited,ICICI Prudential Pension Funds Management Company Limited, LIC Pension Fund Limited,Reliance Nippon Life Insurance Company Limited,SBI Pension Funds Private Limited, Tata AIA Life Insurance Company Limited ,UTI Retirement Solutions Limited. The Study will help you gain market insights, upcoming trends and influencing growth prospects for forecast period of 2020-2026.

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Summary
The Indian pension industry is a complex and fragmented system. However, the current demographic structure makes it one of the most feasible markets for pension fund providers. The fertility rate in the country has decreased drastically from 2.50 in 2011 to 2.22 in 2018. Further, the country’s rich demographic dividend calls for a robust social security framework. The three most crucial elements of the industry are Employee Provident Fund (EPF), National Pension Scheme (NPS) and Public Provident Fund (PPF) catering to the needs of the different segments of population.
The retirement fund corpus was worth ~INR 25,078 Bn in 2018 and is expected to reach INR 62,353 Bn by 2025, expanding at a compound annual growth rate of ~14.33 % during the 2020-2025 period.
The Indian government is restructuring the current pension system by promoting pension coverage among informal sector workers. The collected retirement fund corpus is invested in long-term growth projects, which accelerates the pace of economic development of the country.
The country’s pension industry is highly underpenetrated as ~88% of the population does not possess any social security scheme, which indicates that the market has huge growth potential.
Market segment insights:
The retirement fund corpus is inclusive of contributions from Employee Provident Fund and related plans, Life Insurance and Annuity schemes, Private Pension Fund, Public Provident Fund, and the National Pension Scheme.
More than 40% of the current corpus is contributed by Employee Provident Fund, the most developed segment of retirement planning for the organized sector workforce. However, contributions from Life Insurance and Annuity plans are expected to grow significantly during the forecast period. With increasing financial inclusion, the market for Public Provident Fund and National Pension Scheme would expand exponentially, especially among those employed in the unorganized sector.
Impact of COVID-19:
The impact of the pandemic on the Indian pension fund market is likely to intensify in the long run. The government has redesigned the interest rate, which is expected to diminish private savings and pension fund assets. Further, several policy decisions to support pension fund subscribers during the crisis period are expected to add to the problem of accounting and returns for industry players.

Companies covered:
• HDFC Life Insurance Company Limited
• Aviva Life Insurance Company India Limited
• Aditya Birla Sun Life Pension Management Limited
• HDFC Pension Management Company Limited
• ICICI Prudential Pension Funds Management Company Limited
• LIC Pension Fund Limited
• Reliance Nippon Life Insurance Company Limited
• SBI Pension Funds Private Limited
• Tata AIA Life Insurance Company Limited
• UTI Retirement Solutions Limited

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Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. Market definition and structure
3.2. Roadmap for pension reforms in India

Chapter 4: Demographic trend in India
4.1. Population growth in India
4.2. Fertility rate in India
4.3. Average life expectancy in India
4.4. State-wise elderly population in India

Chapter 5: India – pension pillars analysis

5.1. India – pension pillars analysis

Chapter 6: Market overview
6.1. Ind

....Continued

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2702874-pension-fund-market-1

It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.

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About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

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