Pension Fund Market is Booming with Market Strategies Adopted By Key Players
The pension fund market in India was valued at INR 13.72 tr in 2010 and is estimated to grow at 7% CAGR.
(EMAILWIRE.COM, February 12, 2019 ) The pension fund market in India was valued at INR 13.72 tr in 2010 and is estimated to grow at 7% CAGR. Low existing coverage and massive workforce in the unorganized sector provides a huge untapped market for the pension market. Strong opportunity for the private players also exists as the government provides ample support to them. The government also aims to take significant measures to implement the new pension scheme and increase pension coverage. Support to foreign players and changing demographics in the country will drive the market.
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The report begins with an introduction including the history of India's social security laws, types of pension systems and the various pension schemes in India. This section introduces one to the pension structure that has been followed in India historically. The various pillars of pension schemes and their characteristic features have also been provided including nature, eligibility, applicability, funding, benefit, premature withdrawal option and taxation.
This is followed by the market overview section which gives an insight into the overall pension fund market, its size and growth. It delves further into the growth of pension premium, pension coverage and government pension expenditure. Growth of pension premium was much more compared to that of the total life insurance premium in 2007-08. Percentage of pension in total number of policies, including insurance policies, has also risen to 20% in 2008. Pensions comprise of one of the largest components of government expenditures and are set to increase further. The government has taken to encourage and support private pension funds to ease the financial burden.
An analysis of the drivers explain the factors for growth of the industry including low existing coverage, changing demographic pattern, higher savings rate, support to private and foreign players and increasing investment potential. Strong opportunity exists in the market as existing penetration and coverage of pension funds is low. This coupled with the fact that life expectancy amongst individuals is rising and the trend towards higher savings will lead to a developing market. The key challenges of the market include structural flaws in pension systems including low returns, market domination and implementation hurdles. Additionally, pension systems in the market have a rigid structure, not providing the necessary flexibility to consumers. Burden on government finances has created a major fiscal drag.
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Table Of Content
Page 1: Executive summary
Introduction
Page 2: History of India's Social Security Laws
Page 3: Types of Pension Systems
Page 4: Pension Systems in India
Page 5: Pension Schemes in India
Market Overview
Page 6: Pension Fund Market - Overview, Growth (2010-2025e); Pension Premium - Overview, Growth (2006-2009)
Page 7: Pension Coverage - Overview, Coverage (2010); Central Government Finances, Total Government Pension Expenditure (2006-2010)
Drivers & Challenges
Page 8: Drivers - Summary
Page 9-13: Drivers
Page 14-15: Challenges
Government Participation
Page 16: Government Participation - Summary
Page 17-18: Employees' Provident Fund Organisation (EPFO)
Page 19: Project OASIS
Page 20: High Level Expert Group (HLEG)
Page 21: Pension Fund Regulatory and Development Authority (PFRDA)
Page 22-27: New Pension Scheme (Framework, Key Constituents, Cost Structure, Performance, Recent Initiatives and Future Outlook)
Page 28: Expected Developments
Competition
Page 29: Pension plans offered by various companies
Page 30- 36: Major Players
Strategic Recommendations
Page 37: Strategic Recommendations
Get Complete TOC with Figures and Tables Here:https://www.researchreporthub.com/report/pension-fund-market/10849/#toc
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Download Free Report Sample (PDF) Here:https://www.researchreporthub.com/report/pension-fund-market/10849/#requestforsample
The report begins with an introduction including the history of India's social security laws, types of pension systems and the various pension schemes in India. This section introduces one to the pension structure that has been followed in India historically. The various pillars of pension schemes and their characteristic features have also been provided including nature, eligibility, applicability, funding, benefit, premature withdrawal option and taxation.
This is followed by the market overview section which gives an insight into the overall pension fund market, its size and growth. It delves further into the growth of pension premium, pension coverage and government pension expenditure. Growth of pension premium was much more compared to that of the total life insurance premium in 2007-08. Percentage of pension in total number of policies, including insurance policies, has also risen to 20% in 2008. Pensions comprise of one of the largest components of government expenditures and are set to increase further. The government has taken to encourage and support private pension funds to ease the financial burden.
An analysis of the drivers explain the factors for growth of the industry including low existing coverage, changing demographic pattern, higher savings rate, support to private and foreign players and increasing investment potential. Strong opportunity exists in the market as existing penetration and coverage of pension funds is low. This coupled with the fact that life expectancy amongst individuals is rising and the trend towards higher savings will lead to a developing market. The key challenges of the market include structural flaws in pension systems including low returns, market domination and implementation hurdles. Additionally, pension systems in the market have a rigid structure, not providing the necessary flexibility to consumers. Burden on government finances has created a major fiscal drag.
Get Discount & Customization of this Report Here:https://www.researchreporthub.com/report/pension-fund-market/10849/
Table Of Content
Page 1: Executive summary
Introduction
Page 2: History of India's Social Security Laws
Page 3: Types of Pension Systems
Page 4: Pension Systems in India
Page 5: Pension Schemes in India
Market Overview
Page 6: Pension Fund Market - Overview, Growth (2010-2025e); Pension Premium - Overview, Growth (2006-2009)
Page 7: Pension Coverage - Overview, Coverage (2010); Central Government Finances, Total Government Pension Expenditure (2006-2010)
Drivers & Challenges
Page 8: Drivers - Summary
Page 9-13: Drivers
Page 14-15: Challenges
Government Participation
Page 16: Government Participation - Summary
Page 17-18: Employees' Provident Fund Organisation (EPFO)
Page 19: Project OASIS
Page 20: High Level Expert Group (HLEG)
Page 21: Pension Fund Regulatory and Development Authority (PFRDA)
Page 22-27: New Pension Scheme (Framework, Key Constituents, Cost Structure, Performance, Recent Initiatives and Future Outlook)
Page 28: Expected Developments
Competition
Page 29: Pension plans offered by various companies
Page 30- 36: Major Players
Strategic Recommendations
Page 37: Strategic Recommendations
Get Complete TOC with Figures and Tables Here:https://www.researchreporthub.com/report/pension-fund-market/10849/#toc
Research Report Hub
Research Report Hub offers wide-ranging collection of market research reports under virtually every market verticals and sub-categories from different publishers across the globe. We offer reliable market intelligence reports and report customization services to better understand current and projected market scenarios. It also gives a clearer depiction of industries and facilitates to simply perceive competitor activity in the respective industry. Our services are also geared towards helping organizations procure market reports at the finest price.
About US
Research Report Hub
Sector 04, Plot 101, Sant Nagar,
Moshi PCNDTA, Pune, 412105
Maharashtra, India
Web: www.researchreporthub.com
Find us on: <||>rnhttps://www.facebook.com/reasearchreporthub/ <||>rnhttps://twitter.com/hub_report <||>rnhttps://www.linkedin.com/company/research-report-hub/
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Tel: +918448444687
Email us
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Research Report Hub
Prakriti Mathur
Tel: +918448444687
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results