Axis Max Life Insurance Limited (“Axis Max Life” / “Company”), formerly known as Max Life Insurance Company Limited, today unveiled the findings of the fifth edition of its annual India Retirement Index Study – IRIS 5.0, conducted in partnership with Kantar, a leading global marketing data and analytics company.
Sumit Madan, MD and CEO, Axis Max Life said, “IRIS 5.0 signals a clear shift towards smarter and more holistic retirement planning. Today’s consumers are showing greater health consciousness, higher product awareness, and sustained financial confidence. As health preparedness improves, the next frontier is building adequate retirement corpus and emotional resilience. The study also highlights a growing segment of individuals uncertain
about how to begin their planning, reinforcing the need for a trusted advisory support.”
Soumya Mohanty, MD and Chief Client Officer, South Asia, Kantar said “IRIS 5.0 highlights evolving retirement behaviors across India. The rise in product awareness and health-first behaviour is notable. The study’s richer segmental analysis provides actionable cues for policymakers, employers and financial service providers to move from awareness to measurable preparedness.”
Now in its fifth consecutive year, the India Retirement Index Study (IRIS) continues to serve as India’s most comprehensive benchmark on retirement preparedness—assessing financial, health, and emotional readiness.
The 2025 edition shows steady progress, with the Index score rising from 44 in 2022to 48 in 2025, driven by stronger fitness habits, regular health check-ups, and higher insurance adoption. While financial confidence remains stable, awareness about the required retirement corpus continues to be low, with 7 in 10 respondents believing that ₹1 crore would be sufficient for a comfortable retirement. Health preparedness records the sharpest gain, highlighting India’s growing focus on wellness as a pillar of secure retirement.