Old age

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Pradhan Mantri Vaya Vandhana Yojana

Pradhan Mantri VayaVandhanaYojana This scheme deals with a senior citizen insurance scheme which promises the assured annual return of 8% for 10 years. The insurance is sold by Life Insurance of India for the citizens. The Minimum age of entry is 60 years of age with no maximum limit. Recent news The Union Cabinet has extended Pradhan Mantri Vaya Vandana Yojana (PMVVY) for a period of three years. This social security scheme for senior citizens will now be valid till

Senior Citizen’s Welfare Fund

Senior Citizen’s Welfare Fund Insurance regulator IRDA has asked all insurers to transfer the deposits of policyholders that have been laying unclaimed for over 10 years to the Senior citizen’s welfare fund. The corpus of the Senior Citizens Welfare Fund comprises any credit balance in any of the accounts under the small savings like Post Office Saving Schemes, Banks, etc. remaining unclaimed for 7 years from the date of declaration as an inoperative account. The nodal Ministry fo

National policy on Older persons and LASI Report

National policy on Older persons and LASI Report LASI Report Longitudinal Aging Study of India has collected information on chronic conditions in elderly above 60 years of age, the study findings are given below: Self-reported prevalence of chronic conditions S.N. Condition Percentage 1 Hypertension 32% 2 Stroke

SAGE portal for the Elderly

SAGE portal for the Elderly The SAGE ( Seniorcare Ageing Growth Engine) initiative portal will be a “one-stop access” to elderly care products and services by credible start-ups. The SAGE portal will be opened for applications from 5th June 2021 onwards. The start-ups will be selected on the basis of innovative products and services, which they should be able to provide across sectors such as health, housing, and care centres, apart from technological access linked to fin

International Day of the Elderly

International Day of the Elderly The United Nations observes October 1 as International Day for Older Persons as part of its efforts to raise awareness about healthy ageing. About A recent UN Department of Economic and Social Affairs (UNDESA) report, "World Population Prospects 2022," predicted significant shifts in global demographic patterns in the coming decades. According to the report, people over the age of 65 will account for 16% of the global population by 205