Pension Fund Market in India 2020

     

 This research report presents a comprehensive overview on the India Pension Fund market, further presents an analysis on its products and services in the market and the leading companies operating in the Pension Fund industry. You will also find many facts & figures and statistics related to the India Pension Fund market.

Along with a detailed overview, this report also has SWOT analysis and PEST analysis which provide a deeper insightful look into the Indian Pension Fund market. There’s also regional analysis which furthermore increases the credibility of the data provided in this report. The data has been presented in such a way that is easy to understand. You will find pie charts, graphs, and other visual representations that will provide better sense of the information.

The research report widely covers the business profiles of all the key players that operate in the India Pension Fund market. These companies have been thoroughly profiled and the report contains information on their growth projections, development prospects, their business strategies, sales data, and their current business revenue, to the expected revenue. Based on the report, you can understand what the leading players are planning to do in the next 5 years, and this data will help you to make important business decisions. HDFC Life Insurance Company, Aviva Life Insurance Company India, Aditya Birla Sun Life Pension Management, HDFC Pension Management Company, ICICI Prudential Pension Funds Management and more - all the top companies operating in the India Pension Fund market and their business strategies have been profiled in this research report.

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

With this research report, you can get an insightful view of the India Pension Fund market. So, if you are looking to make smart investments, you will be at an advantage with all the relevant data at your fingertips. This report also contains market analysis, growth analysis, and competitive landscape report, so if you are looking to start your own business in the India Pension Fund market, you can use this report to assess business opportunities and make business strategies. 

This market research report has been prepared by the best researchers and authors of the research & development industry. They are qualified and have years of experience conducting detailed research. Market Research Port has many protocols in place to ensure that the reports are fact-checked before they are published and sold. At Market Research Port, we have exclusive tie-ups with some of the best research authors and bring to you only the finest reports at the most affordable prices. To Purchase the research report on India Pension Fund market, Get in touch with us today.