India's Silver Economy: Insurers See Growth in Greying Market

India's older population is growing, making it a good market for insurance companies.

Many older people don't have enough money saved, so insurance, especially annuities, can help.

Annuities provide a guaranteed income in retirement, but they are not very popular due to issues like taxes and a lack of understanding.

Health insurance companies are also focusing on the elderly.

They need different types of health plans because older people have different healthcare needs and face rising healthcare costs.

Companies are trying to create affordable plans for seniors.