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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 2050. By 2050, India's population will have surpassed that of China to become the world's most populous country. By 2050, eight countries, including India, will account…
01 October, 2022
Old age
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 2.7 % 3 Diabetes & High blood sugar 14.2 % 4 Chronic Lung Disease 8.3 % National Policy for Older Person (NPOP)-1999 was formulated by MoSJ with the goal of ensuring the well-being of older persons. There are 14 Principle Areas of Intervention Under NPOP-1999, of which one of the principal areas of intervention is Health Care & Nutrition. The Ministry of…
20 June, 2021
Old age
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 finances, food and wealth management, and legal guidance. The SAGE project aims to identify, evaluate, verify, aggregate, and deliver products, solutions and services directly…
05 June, 2021
Old age
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 for the administration of the Fund shall be the Ministry of Social Justice and Empowerment. The Fund shall be utilized for such schemes…
18 June, 2020
Old age
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 March 2023. Earlier, the scheme was open till 31st March 2020. Initially, an assured rate of return of 7.40% per annum for the year 2020-21 per annum…
11 June, 2020
Old age
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