National Senior Care News
4 lakh elderly women enroll for Ayushman Vay Vandana Card since launch: Health Ministry
About four lakh elderly women aged 70 and above have enrolled for the Ayushman Vay Vandana Card in the last three weeks since its launch in October-end, the Ministry of Health and Family Welfare said on Monday.
Demand for senior living expected to hit 2.3 million units by 2030
A recent report by the Association of Senior Living (ASLI) and JLL projects a demand of 2.3 million senior living units by 2030 up from 1.57 million in 2024, yet India’s senior living market currently has a penetration rate of only 1.3%
As senior living picks up in India, a 25-year old policy set to get a refresh
Tweaks to address needs of evolving landscape involving private players; JLL says demand to reach 2.3 million units by 2030
High-Cost Hampering Penetration And Availability Of Senior Living To The Masses, Read Key Findings Of ASLI’s Report
Association Of Senior Living India’s (ASLI’s) Ageing Fest held on 14th November 2024 released various findings from their report “Elevating the Golden Years”. The event was hosted to tell people about various measures being taken for senior citizens in various sectors such as health and housing etc.
Ashiana Housing to develop senior living projects in Karnataka and Jaipur
Ashiana Housing has entered into an agreement to lease to develop a group housing project on a land admeasuring around 20 acres located in the social infrastructure zone of Mahindra World City, Jaipur.
Elderly rights awareness walk held in Visakhapatnam
Visakhapatnam: An awareness walk highlighting the importance of elderly care and bonds took place along Beach Road on Wednesday morning, drawing attention to the growing challenges faced by senior citizens in modern society. The event, jointly organized by Heritage Foundation RRTC, the Union Ministry of Social Justice and Empowerment, and AU National Service Scheme.
How good is the Ayushman Vaya Vandana Card for senior healthcare?
Pros and cons of the initiative that has extended government-funded health cover to all seniors above 70 years of age
There Is An Urgent Need To Upscale Social Security For Elders In India
The impending surge in India’s elderly population calls for urgent and well-planned intervention. By prioritizing policies that enhance healthcare access, promote social inclusivity, and leverage community-based support, India can build a robust elder care infrastructure.
Ayushman Vaya Vandana Card to Provide Free Treatment to 70 Plus: PM Narendra Modi
Senior citizens aged 70 & above can avail free hospital treatment with the Ayushman Vaya Vandana Card, said PM Narendra Modi while launching the free health cover to all elderly above 70 years of age.
Atal Vayo Abhyuday Yojana (AVYAY): Odisha’s roadmap to enhance senior citizens’ Well-being
Odisha is taking significant strides to improve the lives of its senior citizens.
Ayushman Bharat: Kerala’s elderly denied free treatment amid confusion in hospital list
Despite a central directive, many patients are being turned away as hospitals and the state government have not received proper notifications.
Know about free health insurance for citizens above 70 years
With no restriction on income, Ayushman Vaya Vandana card is universal and senior citizens can receive free treatment in hospitals, both public and private
Govt seeks data on sr citizen schemes for creating revised policy
Social security and empowerment of persons with disabilities (SSEPD) department on Monday sought information regarding schemes and programmes designed for senior citizens from 10 departments to revise the Odisha State Policy for Senior Citizens, 2016.
Elder care start-up Primus secures $20 m seed funding from General Catalyst, Nikhil Kamath and Gruhas Led by Adarsh Narahari, Primus plans to deliver 3,500 homes across six cities
More health packages focused on elderly care likely to be added to AB-PMJAY
The National Health Authority is set to extend the Ayushman Bharat scheme to include those aged 70 and above, benefiting around six crore citizens. The scheme will offer expanded health packages focusing on geriatric care and provide free treatment up to Rs 5 lakh annually.
Senior living in India: As demand expands beyond the South, developers and policymakers try to keep up
Unlike in the US, where the leasing model is the dominant choice for clients looking to move into senior living units, the majority of demand in India comes from seniors eager to purchase units.
Govt to mark Older Persons Day with month-long activities promoting senior citizen welfare
Union Minister Dr Virendra Kumar will lead the events, which include launching a Senior Citizen Welfare Portal and organizing cultural performances. The initiatives aim to promote senior citizen welfare and intergenerational bonding.
Senior citizen liaison officers help the elderly in need in Coimbatore
Besides rendering various assistance to the senior citizens whose details are available with the police, the officers also help mentally-challenged persons found on the streets, mediate family disputes, support destitute people and provide other legal assistance.
Health ministry ironing out technical hurdles to enrol senior citizens above 70 years under expanded AB-PMJAY
The expansion of the scheme is expected to benefit about 4.5 crore families, including six crore senior citizens; grassroots healthcare workers will be helping with the registration process
Kutumb App Launched For Elderly Care In Delhi
The Kutumb app was launched in Delhi to enhance the safety and well-being of senior citizens, providing police and administration with tools to monitor and address their specific needs.
https://www.etvbharat.com/amp/en/!state/kutumb-app-launched-for-elderly-care-in-delhi-enn24100203425
Paras Health Srinagar launches senior citizen privilege card to enhance healthcare access
The Senior Citizen Privilege Card offers a range of benefits that go beyond mere discounts, focusing on handholding seniors at every step of their healthcare journey
Union Cabinet approves health cover for all aged 70 and above
The decision will benefit approximately 4.5 crore families, with six crore senior citizens getting ₹5 lakh health insurance cover on a family basis, under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana
Companionship is heart of senior living: Ankur Gupta
Apart from active senior living, there was also assisted living where the person would require assistance for some tasks and continued care.
Caring economy. Start-ups step up to support senior living
Shantamma, a septuagenarian, lives alone in Bengaluru as her husband is no more and her only son lives and works in the US.
States must invest in elder care infrastructure to meet the rising demand: Vesta Elder Care
As India’s elderly population continues to expand, there is a pressing need for comprehensive, compassionate, and accessible healthcare services, says Rahul Misra
Unified Pension Scheme Explained: How UPS, NPS, and OPS affect your pension
Unified Pension Scheme is set to be implemented from April 1, 2025, and is expected to benefit around 230,000 central government employees
Senior citizens above 70 yrs, transgenders to get free treatment up to Rs 5 lakh, says PM Modi
BJP has now taken the ‘sankalp’ that every individual above 70 years of age will be brought within the purview of Ayushman Bharat Yojana
Harnessing IoT to Improve Elderly Care
Integrating IoT aims to improve public places, transportation, housing, and more. We outline key areas where IoT solutions have and will continue to positively influence elderly care.
https://www.iotforall.com/harnessing-iot-to-improve-elderly-care
Thane: Aaji Care Sevak Foundation Trains Youth As Geriatric Caregivers To Address Growing Needs Of Elderly Population
With increasing number of senior citizens in the country, a Thane-based organisation is working towards increasing geriatric care givers while also providing ample employment opportunity to the needy youth.
World Senior Citizens Day| Honouring Older Adults and Recognising Their Wisdom, Experience And Knowledge
The day serves as a reminder to recognise the valuable wisdom, experience, and knowledge that senior citizens bring to our communities and to raise awareness about the issues they may face.
Antara AGEasy Celebrates One Year of Advancing Senior Health Solutions
Launched in 2023, AGEasy has swiftly become a trusted name in providing curated and innovative products to manage chronic health conditions affecting seniors, including joint pain, fall management, and respiratory rehabilitation.
India’s population to reach 1.52 billion in just over a decade driven by ageing boom
The report also projects a higher proportion of individuals aged 60 and above during this period, while a decline in individuals under 15 years of age as compared with the 2011 census.
https://www.independent.co.uk/asia/india/india-population-boom-age-1-52-billion-b2595585.html
Can India become rich before its population grows old?
For the past two years, Prime Minister Narendra Modi has pledged to transform India into a high-income, developed country by 2047. India is also on course to become the world’s third largest economy in six years, according to several projections.
https://ca.news.yahoo.com/india-become-rich-population-grows-034150387.html
Co-paying in health insurance: Know about this option for senior citizen policyholders
The co-payment option in health insurance for senior citizens is a contractual arrangement in which the policyholder is responsible for paying a specified percentage of the medical costs upfront, while the insurance provider covers the rest.
IIliquidity risk is far more problematic for senior citizens than equity and debt: Radhika Gupta of Edelweiss Mutual Fund explains
Ashiana Housing, Arihant Foundations partner to launch senior living project in Chennai
This is the second project in Chennai between the two partners – the first being Ashiana Subham at Maraimalai Nagar, about 40 km south of the city.
Survey of 5,000 households reveals rising anxiety cases in rural India
Anxiety and depression rates have surged among India’s rural population, as revealed by the State of Healthcare in Rural India Report, 2024. The report emphasises the need for holistic care models and better community support for the elderly.
Antara Senior Care Expands with New Care Home in Noida, Strengthens its Portfolio in the NCR Region
Vesta Elder Care expands PAN India with new subscription model
The subscription model offers flexibility with two types of packages: quarterly and yearly, catering to the diverse needs of families. This approach integrates expert care management with advanced AI-enabled health monitoring technologies which provides families with a holistic and proactive solution for elder care.
https://mediabrief.com/vesta-elder-care-expands-pan-india-with-new-subscription-model/
Your granpa and ma, parents may be at risk of fraud. Here’s how to help
Financial exploitation of older adults is a serious and growing concern.
The other side of demographic dividend: Can we take care of our elderly?
As India becomes an ageing society, significant gaps in access to pensions, health services and social care for older persons need to be addressed
India Faces Crisis Of Elder Abandonment In Aging Society
Rising elder abandonment reveals cultural shifts and urgent need for support structures in India
Is The Senior Living Sector Big Enough To Accommodate All Senior Citizens
If recent reports are to be believed, it is estimated that there will be a demand for approximately one million senior living facilities
Scammers are now threatening and cheating old people for money as online scams rise in India
With the rise of online scams in India, elderly individuals are becoming prime targets for cyber criminals.
“Reshaping Senior Care: Accessibility, Affordability And Trust
Panel Discussion At TOI Right To Excellence Senior Well-Being
Raising awareness of elderly care (opinion piece)
“The trend of abandoning elderly parents raises moral and ethical questions, challenging traditional expectations of parental care amid shifting contemporary values, potentially eroding inter-generational responsibility and respect.
https://thesun.my/opinion-news/raising-awareness-of-elderly-care-DB12755464
Transforming Senior care in India
KITES Senior Care’s innovative advancements and expansion
https://indiacurrents.com/transforming-senior-care-in-india/
Ashiana housing to double its annual senior living housing sales
Ashiana Housing, a listed real estate developer, is aiming to double its annual senior living housing sales to 1,000 units within four years.
ITR filing: Which ITR form should senior citizens, super senior citizens choose to file their tax return
ITR filing 2024: As the deadline for income tax filing approaches, it is crucial for taxpayers categorised as senior and super senior citizens to understand the specific provisions tailored for them. For the financial year 2023-24, tax-saving investments made by March 31, 2024, will be considered for income tax returns.
MGMCRI opens exclusive geriatric clinic
According to a press note, the clinic would render medical, nursing, laboratory, physiotherapy, music therapy and yoga therapy services under one roof.
Child-elderly care, house chores: Kudumbashree to extend helping hand to solve quandaries of common
Housing for senior citizens to drive real estate growth
India starts preparing for a China-like population problem
The government is now beginning to plan for an aging India which could be a reality within a decade or two.
Budget 2024: Will the govt bring back fare concessions for senior citizens?
Union Budget 2024: According to RTI disclosures, Indian Railways earned around Rs 2,242 crore from about 150 million senior citizens during the financial year 2022-23
Assam Chief Minister Himanta Biswa Sarma inaugurates Elder Care Home TAPOVAN built with CSR support
Sonitpur, Assam: Diageo India (United Spirits Ltd.) supported the construction of an Elder Care Home, TAPOVAN in Sonitpur, Assam, in collaboration with BharatCares and Government of Assam.
Is India equipped to deal with the rise in its elderly population? | In Focus podcast
Anupama Dutta discusses the necessity for India to step up preparedness for its growing elderly population, the need for improved geriatric care, and solutions to their financial challenges.
https://www.thehindu.com/podcast/elderly-population-in-india/article68327241.ece
PAN card scam targeting the dead, senior citizens, farmers and students: How to not be affected
People get income tax notices worth crores if their PAN card details are misused.
Spreading hope for elderly people
According to a 2018 HelpAge India report, about 25% of senior citizens in urban India face abuse.
How To Take Care Of The Mental Health Of Senior Citizens
It is crucial to address these issues to ensure the well-being and quality of life for senior citizens.
Eldercare-as-a-service: A panacea for remote caregivers
Several elder and geriatric care services provide all-inclusive packages for kins living away from their parents in other cities or countries. But peace of mind comes at a premium.
Fischer Medical Ventures Ltd, BluSim Tech Pte Ltd partner to revolutionise nursing home care globally
This strategic collaboration with BluSim Tech Pte Ltd marks a significant milestone in Fischer MVL’s journey towards expanding its healthcare portfolio and enhancing its offerings in medical imaging and diagnostics solutions, aiming to redefine healthcare through advanced technologies and unparalleled expertise.
Promoting Well-Being In The Elderly: A Holistic Guide For Caregivers On Geriatric Mental Health
The act of caregiving touches the lives of individuals globally, with over 63 million caregivers identified by the International Alliance of Carer Organizations (IACO).
BMC charts plans for senior citizen daycare centre in Goregaon
Inaugurated on International Women’s Day, earlier this year, the women’s hostel can accommodate nearly 180 women, and comprises facilities such as a dormitory, recreational spaces, dining hall, canteen etc.
Interventions for senior citizens’ care will be strengthened in State: R. Bindu
Thiruvananthapuram
Interventions in the area of senior citizen care will be strengthened, Minister for Social Justice R. Bindu has said.
CPC, KITES Plan Merger To Expand Footprint In Senior Living & Geriatric Care
Columbia Pacific Communities (CPC), a leading player in senior living, and KITES Senior Care, a geriatric care service provider, are set to merge to expand their footprint across the country to 10,000 units in senior living, and 2,000 beds in ‘out of hospital’ geriatric care centers in five years.
Lifestyle tips for promoting mental wellness among seniors and their children
Want seniors to enjoy a fulfilling life? Here’s how their families can experience reduced stress and anxiety, enjoy balanced and positive caregiving experience
In Indian real estate, senior living is still in the junior league
We often hear of India’s demographic dividend, that it is a country with a rather large young population. But the number of senior citizens is growing fast too. There is demand for quality retirement homes and elder care services.
Emerging businesses target innovative senior care solutions
These endeavours, focusing mainly on palliative care and healthcare strain reduction, utilise advanced technologies and eldercare-friendly tools to alleviate the burden posed by an aging population, and relieve pressure on the healthcare system.
https://www.baselinemag.com/news/emerging-businesses-target-innovative-senior-care-solutions/
3 government schemes for the elderly The central government has several schemes for the welfare of Indian citizens who are 60 and above
https://www.deccanherald.com/india/karnataka/bengaluru/3-government-schemes-for-the-elderly-3045599
Over 10,000 government employees in Kerala to retire today
The significance of this date stems from the historical practice of registering May 31 as the date of birth when enrolling in school, predating the mandatory requirement of a birth certificate in Kerala.
Empowering senior citizens: The crucial role of health insurance in India
Recent IRDAI regulations in India aim to empower senior citizens through accessible health insurance options, including coverage for Ayush treatments, aggregate deductibles for cost-sharing, and comprehensive rider packages for additional benefits.
ITR filing: How the taxable income is calculated for senior citizens for income tax returns.
Check top points here
income tax rules offer additional tax benefits to senior citizens. To claim these benefits, the individual must be of the age of 60 years or above but less than 80 years at any time during the respective year.
Financial barriers in senior living that need addressing for quality homes
According to the United Nations Population Fund, India will be home to 17% of the total world’s senior citizens (60+ population around 2 Bn) by 2050, making it at the forefront of this global demographic transition
Columbia Pacific to invest Rs 200 crore, add senior living projects in 4 new cities
Currently, the company is actively looking at land parcels in Mumbai and other Tier II cities like Hosur close to Bengaluru.
Emoha partners with Aditya Birla Health Insurance to provide eldercare solutions
The collaboration, it said, will empower Emoha to forge a path towards a future where senior care is not only accessible but also tailored to address the unique needs of each individual in the family
Realty Check: MahaRera Brings In Rules For Sr Citizen Housing Projects
These guidelines, encompassing building design, amenities, safety and accessibility, aim to ensure well-being and comfort of elderly residents.
Cooch Behar Dist Police launches initiative to support senior citizens
The Cooch Behar District Police has launched a special initiative called ‘Sanman Prakalpa’ to support senior citizens in the district.
Health insurance rules revised: Individuals above 65 yrs can buy health cover, waiting period relaxed
The Insurance Regulatory and Development Authority of India (IRDAI) has recently made a significant change concerning health insurance policies in India. Now, health insurance policies will be available to all regardless of the age factor.
Senior citizens in Lucknow want a ‘decent’ old-age home from Rajnath Singh
It is about priorities. The government spends thousands of crores on big projects. It can also establish a good old-age home where the elderly can choose to live at their own will.
https://www.daijiworld.com/news/newsDisplay?newsID=1191680
How to use popular saving instruments to generate regular income for retirees?
One of the biggest worries of elders (above 60), who don’t have the security of a pension, is how to generate regular income for the rest of their lives.
Geri Care launches cath lab exclusively for senior citizens in Adambakkam, Chennai
The hospital has also launched an inaugural ‘Cardiac Health Check Pack’ for senior citizens, covering important blood markers like CBC, HbA1C/RBS, RFT, ECG, and ECHO with a cardiologist consultation.
The Future of Senior Care Arrives in Coimbatore: Vedaanta Launches Coimbatore’s First Integrated Retirement Township
(Sponsorer content)
The Future of Senior Care Arrives in Coimbatore: Vedaanta Launches Coimbatore’s First Integrated Retirement Township
‘Silver tsunami’ poses a threat to the economy, experts warn
Seniors are set to outnumber children for the first time in American history within six years, as experts warn that the country is about to struggle with a dramatically aging population.
Tier II cities pave the way for a booming senior living market: Report Colliers said that factors such as rising life expectancy, nuclearisation of families, higher income levels, increasing importance of a stable post-retirement life and changing life.
Indian senior living segment to grow by 5x by 2030
The senior living market in India is expected to reach around $ 12 billion by 2030, up from its current size of $2-3 billion with rising median age and aging population, according to Colliers.
Policy Update. Health insurance no longer a no-go zone for the elderly
It’s not uncommon to see senior citizens deferring or avoiding getting treated in a hospital, because they did not have health insurance cover. That is the uncomfortable truth confronting several elderly people in the country.
India’s Senior Living Market To Grow Five Times By 2030, Says Survey Demand for housing for senior citizens is presently at 18-20 lakh units, and is estimated to rise significantly in the next five-six years, the survey stated.
Cyber cell launches drive to save senior citizens from frauds
Cops are taking help from the Senior Citizen’s Council to reach out to elderly people and giving them tips to avoid being duped by the fraudsters.
Nearly 17% of world’s elderly population to be in India by 2050; Is it the fastest-growing silver economy?
Per a CBRE report, the total estimated target for senior living facilities in 2024 is around 1 million, projected to increase to 2.5 million in the next 10 years.
70% opt for cost-effective health policies: There are the most popular ones
Seniors are leading the charge for affordable health insurance. A staggering 34% of those choosing cost-effective plans fall within the 55+ age bracket
Majority of senior living projects in India are in South India: Report
The southern region distinctly leads by contributing about 74% to the overall supply, particularly in organised assisted living segments.
Centre made Rs 27,106-crore tax windfall from senior citizens in FY24
Retirement societies spread in cities as elderly seek care and company
As India ages, the market to serve the elderly is expected to be worth almost $18 bn in five years
‘Senior Citizens’ Share In FDs, Value 2x Since FY19′
Senior citizens are banking on fixed deposits as lenders offer favourable rates.
Govt collects Rs 27k cr in taxes from sr citizens on FD interest: SBI
According to the report by SBI researchers, the total amount of deposits has risen by 143 per cent in the last five years to Rs 34 lakh crore at the end of FY24 from Rs 14 lakh crore
What is a wake-up stroke, and why the elderly and women need to be extra careful
Immediate hospitalisation is important for treatment within the window period of 4.5 hours, said Dr Rajeev Gupta, director, internal medicine, CK Birla Hospital, Delhi
No-kids Indian couples are no more making excuses
Married for over five years, Koshy and Maben co-parent four dogs instead of children, co-host a podcast and are business partners.
Senior Citizens Act Cannot Be Used As Machinery For Settling Property Disputes Between Heirs Of Senior Citizens: Bombay High Court
The Bombay High Court recently observed that the Maintenance and Welfare of Parents and Senior Citizens Act, 2007 cannot be used as a machinery for settling property disputes between the heirs of senior citizens.
Seniors seek sanctuary in mutual funds and post offices
Shift in investment due to shattered confidence in cooperative societies
https://www.lokmattimes.com/aurangabad/seniors-seek-sanctuary-in-mutual-funds-and-post-offices/amp/
Anantharam Varayur, co-founder, Manasum Senior Living narrates challenges and opportunities presented by India’s ageing population
How to maximize tax benefits for senior citizens in India
By capitalizing on the tax benefits mentioned in this article, senior citizens can optimize their tax planning strategies and maximize savings, thereby ensuring a financially secure and fulfilling retirement journey.
SBI WeCare FD with 7.5% interest rate: What is the last date to invest in this senior citizen special FD with higher rate?
SBI Wecare special FD was launched with the aim of protecting senior citizens’ income by offering additional interest. The scheme is available on fresh deposits and renewal of maturing deposits.
A new era in senior wellbeing
Opinion piece by CEO, Kites Senior Care
How to maximize tax benefits for senior citizens in India
By capitalizing on the tax benefits mentioned in this article, senior citizens can optimize their tax planning strategies and maximize savings, thereby ensuring a financially secure and fulfilling retirement journey.
SBI WeCare FD with 7.5% interest rate: What is the last date to invest in this senior citizen special FD with higher rate?
SBI Wecare special FD was launched with the aim of protecting senior citizens’ income by offering additional interest. The scheme is available on fresh deposits and renewal of maturing deposits.
Not Alone, Not Lonely! 1st Free Palliative Home To Get More Beds
Sukoon Nilaya in Mumbai expands palliative care services, emphasizing caregiver support, social connections, and wraparound care for patients with chronic illnesses. The center’s tranquil setting fosters healing and community support, symbolized by an injured butterfly seeking respite.
Geriatric patient inflow rises at the National Centre of Ageing
At the National Centre of Ageing, Guindy, there has been a 100% increase in the number of daily outpatients in over a month since it was opened.
Hobbies senior citizens can pursue to boost health and well-being
Old Age Homes For Transgenders To Come Up In 18 Divisions Of UP
LUCKNOW: The construction of old age homes for transgenders, named Garima Grahs, will begin from the coming financial year under a central policy.
5 eye care tips for the elderly
https://indianexpress.com/web-stories/wellness/five-eye-care-tips-for-the-elderly/9243539/
Older Indian Women Happier Than The Men, New Report Says
Happiness linked to old age in India and elsewhere, India ranks 126 of 143 countries.
How to vote from home in TN for persons with disabilities, super senior citizens
Booth-level officials have been going to houses of such persons and getting Form 12D filled with details from their voter ID cards.
Aged care workers have won a huge pay rise. What about the cleaners, cooks and admin staff who support them?
This month, the Fair Work Commission handed Australia’s aged care workforce an historic pay rise, with some groups’ wages set to increase by more than 28%.
Review: As Share of Elderly Population Increases, NITI Aayog Calls for Comprehensive Reforms
The seniors accounted for slightly over 5% of the Indian population in the 1961 Census, while estimates indicate that by 2031, this proportion would be 13% and thus signalling a major shift in demography. NITI Aayog recently released a report looking at this demographic shift and made important recommendations.
Kanpur:Day Care Centre Built For Senior Citizens Inaugurated
The centre, located inside Tulsi Upvan, has been developed by KMC at a cost of Rs 80 lakh. The centre at one go can accommodate 30 people, has facilities including a cafeteria, library, yoga class, multipurpose hall etc.
Q&A: How Old Is Too Old For Elective Surgeries?
Has it become easier for seniors to elect surgeries? Dr Rajeev K Sharma explains
Demystifying Senior Citizen Schemes in India: A Guide to Benefits and Eligibility
Recognizing the contributions of senior citisens and ensuring their well-being, the government implements various schemes. This article aims to shed light on these schemes, specifically focusing on benefits and eligibility criteria.
The Maintenance And Welfare Of Parents And Senior Citizens Act 2007: A Sword That Needs Sharpening?
to protect the rights and well beings of senior citizens a particular statue was enacted “The Maintenance and Welfare of Parents and Senior Citizens Act”, it consists of 7 chapters and 32 sections.
KITES Senior Care raises ₹45 crore in Series A funding from Ranjan Pai to expand operations
KITES Senior Care, has announced the successful closure of a Series A funding round, securing Rs 45 crore from Ranjan Pai’s family office. The total plan outlay for KITES Senior Care’s expansion and growth strategy amounts to Rs 65 crore, with additional funding sourced from various other channels.
State Prioritises Healthcare Facilities For Elderly People
Forty-nine district hospitals have opened geriatric wards for patients requiring specialised care over the past three months.
Ananya’s Nana Nani: A Decade Of Excellence In Senior Living
Ananya’s Nana Nani has emerged as the epitome of excellence in senior living, reshaping the landscape of retirement communities in Coimbatore and beyond.
Breaking The ‘Age-Cage’: How Senior Living Homes Promoting All-Round Care And Comfort
Senior living homes are evolving with the needs of seniors and providing a more extensive care and comfort solutions for their residents.
Home voting facility for elderly and disabled
The administration has opened a home-voting option for the elderly and other disadvantaged sections based on the Election Commission of India’s decision to extend the facility to categories of absentee voters in the Lok Sabha election on April 19.
Kites Raises ₹65 Crore Led By Ranjan Pai
Senior care platform Kites Senior Care has raised Rs 65 crore led by Ranjan Pai’s Manipal Education and Medical Group (MEMG) Family Office Fund. Pai, who was an angel investor in Kites, has pumped in Rs 45 crore in this round for a significant minority stake.
FD interest rate up to 9.25%: These 3 banks have revised fixed deposit rates in March 2024
Max India’s subsidiary partners with IIT Delhi for senior citizen care
Max India’s wholly owned subsidiary, Antara Assisted Care Services Limited, an integrated service provider for senior care needs, entered into a MoU with IIT Delhi. This partnership aims to develop offerings tailored specifically for the senior demographic.
Elderly care startup Kites Senior Care raises Rs 45 crore in funding from Ranjan Pai
The funds will be used to deepen its presence in cities like Bengaluru, Hyderabad, Chennai, while also facilitating expansion into three additional cities across Southern India, the company said.
Dementia in Elderly Women: An Issue That Goes Unnoticed
The cases of Dementia are growing every year and is expected to affect almost 130 million global population by 2050.
Homecoming: Why NRIs are choosing India as their retirement destination
In recent years, there’s been a notable trend of Non-Resident Indians (NRIs) choosing India as their retirement spot, often called ‘homecoming.’ This article explores why India is becoming a favored destination for NRI retirees.
SBI WeCare special FD for senior citizens with higher interest rate deadline: What is the FD rate?
Narrative is changing about senior care industry: Tara Singh Vachani
Executive chairperson of Antara Senior Care says ‘service delivery’ has to be the cornerstone of senior care industry
How Tech Start-ups For Senior Citizens Are Changing The World Of The Elderly In India
Quite a few have comprehended the void in the senior care area, especially knowing that nearly 25 percent of the elderly population stays in India
Athulya Senior Care Forges Strategic Partnership with Sri Ramachandra Institute of Higher Education and Research for Advancing Senior Care
https://nba24x7.com/archives/amp/6067
MJ Infrastructure and Vedaanta Senior Living Unveil Vedaanta Anugraham: A Haven for Active Retro Living
Advertorial
Vedaanta Anugraham has been designed as an integrated community ensuring the emotional, spiritual & physical well being of all residents
Top countries for senior citizens travel
Concerned over meagre pension to retired district judicial officers, SC asks Centre to find solution
Observing that there is a need to maintain uniformity in service conditions of judicial officers across the country, the top court had earlier directed the setting up of a two-judge committee in each high court.
Collection in Senior Citizen Saving Scheme surged over two times, MIS saw 4 time rise
Collection through Senior Citizen Saving Scheme (SCSS) has surged to over two times during the current fiscal. At the same time, mobilisation through Monthly Income Scheme has gone up by 4 times.
Strict action against people torturing aged physically and mentally, says CM Pinarayi Vijayan
The state government is committed to the welfare and care of senior citizens and strict action will be taken in cases involving cruelty to them, Chief Minister Pinarayi Vijayan has said.
Ashiana Housing to invest Rs 400 crore to develop senior living project in Chennai
Spanning across 17.9 acres land, the project is located inside Mahindra World City. The land for the project is held under perpetual lease.
High Fixed Deposit Rates For Senior Citizens: List Of 6 Small Banks Offering 9% Or Above FD Interest Rates
Bengalurean senior citizen ultra runner tells his story https://www.deccanherald.com/india/karnataka/bengaluru/bengalurean-senior-citizen-ultra-runner-tells-his-story-2913052
Elder care startup Samarth Life raises new round led by Aroa Venture
Elder care startup Samarth Life has raised Rs 12 crore (approximately $1.45 million) in a funding round led by Aroa Venture Partners. Social Alpha and Zhooben Bhiwandiwala of Mahindra Partners also participated in the round.
https://entrackr.com/2024/02/elder-care-startup-samarth-life-raises-new-round-led-by-aroa-venture/
Two-day national conference on ‘Elderly issues’ from February 22 in Visakhapatnam
National Institute of Social Defence, under the aegis of the Ministry of Social Justice and Empowerment, to hold the seminar to discuss challenges faced by elderly persons and to explore effective strategies to tackle these challenges.
Niti Backs Tax Reforms On Senior Care Products
Encouraging the private sector to design targeted and comprehensive geriatric health insurance products and increasing liquidity and capital allocation to the senior care industry will help in addressing needs of the affording segment
Caring for the elderly
In India too, an ageing population, coupled with a decreasing fertility rate and increased life expectancy, is set to offset the country’s demographic dividend in the years to come.
https://www.business-standard.com/opinion/editorial/caring-for-the-elderly-124022001199_1.html
NITI Aayog calls for financial and legal reforms for elderly care in India
The move is aimed at ensuring that a basic support system is put in place to cater to the needs of India’s ageing population which is expected to go up from 10% now to 19.5% by 2050.
Tax, savings for senior citizens: NITI Aayog pitches for tax reforms, plans for elderly
The key strategies proposed include implementing a reverse mortgage mechanism aimed at enhancing financial liquidity for seniors.
Kozhikode on road to being totally elderly-friendly city
Kozhikode already has a number of day care homes for the elderly (‘Pakalveedu’ ) spread across the city, four of which are directly managed by the Kozhikode Corporation.
PFRDA brings pension funds under PMLA net
The latest PFRDA move to amend the pension fund regulations comes in the wake of Finance and Corporate Affairs Minister in her last year’s Budget speech directing regulators to review their regulations from the perspective of easing compliance burden.
Pension Payment Order: What is PPO number? How to find PPO for receiving pension in bank account
Securing Your Future: Pension Plans in a Stable Economy
Unlocking retirement prosperity: How NPS remains cutting-edge
The NPS ensures a comfortable retirement by combining market-linked returns with disciplined savings and power of compounding.
Can Senior Citizens Maintain An Overseas Bank Account? Charges And Taxes
It is important to know the various charges apart from the eligibility criteria before you open an overseas bank account.
Kids, Senior Citizens In Pneumonia Firing Line
Kolkata: Doctors across city hospitals are seeing a surge in pneumococcal pneumonia. The numbers apart, what is concerning is the severity and unusual features of the bacterial infection.
Many senior citizen associations have been forced to shut, says Ashok Prabhakar
President of a Senior Citizen Welfare body
A monthly grant of Rs 20,000, initiated by the Sheila Dixit government and continued under the present government, has been discontinued for the last three years.
Safe Investment Options That Can Help Your Parents Save Tax If They Are Senior Citizens
some of us might be having senior citizen parents who still fall into the taxable income slabs, and that is why require tax saving.
Kerala Senior Citizens Bill: Jail term up to 3 years & Rs 1 lakh fine for abandoning parents
The bill was prepared by the Kerala Law Reforms Commission and subsequently cleared by the Law Department.
Tax-saving investments for senior citizens: Here are 4 ways to maximise your tax savings
Historical Places In Kerala Perfect For Elderly Travellers
Embark on this journey through time, listen to the whispers of the past, and create an unforgettable chapter in your own story
The abuse of the elderly in our families
Urbanization has changed family life and not only have our homes grown smaller, but so have our hearts
https://www.ucanews.com/amp/the-abuse-of-the-elderly-in-our-families/104121
India should not become sicker before it becomes richer: Chief Economic Adviser
FinMin rejects proposal to double minimum pension amount under EPS
The central board of trustees (CBT) – the apex decision-making body of the Employee Provident Fund Organisation (EPFO) – was apprised of the rejection of the proposal in its latest meeting on Saturday
Senior citizen app Khyaal raises $4.2 million from 62 Ventures, others
The funds will be used to strengthen the company’s foothold in its current regions, enhance market penetration and explore new markets.
Legal
Need State Policy On Redevpt Projects Affecting Elderly: HC
Mumbai: Bombay high court on Wednesday said there has to be a state policy to deal with delays in redevelopment projects that are affecting senior citizens.
Finance
This bank is giving up to 9.5% return on bank fixed deposits (FDs) to senior citizens
At Unity Small Finance Bank, senior citizens can get up to 9.50 per cent on FDs of 1,001 days.
Delhi’s senior citizens’ club offers recreation facilities for the elderly
According to authorities, entertainment and games facilities will be provided to the elderly, helping them connect with each other and share experiences.
More elderly care homes hailed in Kerala
Experts have hailed the setting up more care centres with private participation to address issues faced by state’s ageing population.
How To Make Your Homes Safe For Elderly – 5 Key Tips
Enhancing our living spaces with basic amenities cannot just offer safety and easy access to basic facilities for the elderly at home but also make your home accessible to people with temporary injuries, children and even pregnant women.
Nephrologist’s book on cardiovascular and renal diseases in elderly launched
Chennai: The book authored by senior nephrologist Georgi Abraham is intended for medical practitioners with the aim of encouraging them to recognise the significance of common diseases among the elderly
India urgently requires universal pension plan, say senior citizens
The population of those above 60 is expected to reach 22.7 crore by 2036, which would constitute 15% of India’s population, and 34.7 crore by 2050, which would be 20.8% of the total population
Govt To Run Foreign Language Courses For Nursing Graduates
Kochi: Agencies of Kerala government are in discussion with foreign countries to start language courses for nurses in the state to enable them to work in countries of their choice, chief minister Pinarayi Vijayan said on Tuesday.
Rajasthan Government’s Jan Soochna Portal: Information About Pension, Loan, Allowances And More At One Place
Why most retirees don’t find refuge in reverse mortgage
A reverse mortgage is a special type of loan that allows senior citizens to mortgage their homes without having to make any loan repayments and thus helps them tide over financial difficulties.
Senior citizen investment tools: Senior Citizen Savings Scheme vs FDs for seniors, which one is better
Senior Citizen FD Rates vs SCSS: Banks and NBFCs offer FD interest rates of 2.50-9.50% p.a. to senior citizens on tenures ranging from 7 days to 10 years. On the other hand, SCSS, which is a prominent investment tool, offers 8.2% interest.
5 Senior Care Technology Trends To Watch In 2024
India’s senior care sector is expected to witness major innovations in 2024, from bio-wearables and health trackers to improved health management, allowing people to take charge of their health.
Maity’s Elderly Care Services Receives International Recognition For Innovation In Indo-Pacific Startup Showcase By US Consulate
Maity’s Elderly Care Services, a trailblazer in providing comprehensive elderly care solutions, has earned global acclaim as one of the standout startups among seventeen ventures from India, Nepal, Bhutan, and Bangladesh.
Well-being of the elderly is State’s responsibility, says Rangasamy
PUDUCHERRY
Puducherry is the only State or U.T. to provide pension benefit from 55 years onwards. The aim of welfare schemes is to provide financial independence to senior citizens, says CM
India’s Higher Life Expectancy Is Poised To Reshape Senior Care Sector, Housing Demand
With an estimated market size ranging from $10 to $15 billion, senior care has become a dynamic and growing field. It encompasses a wide array of services, including in-home care, online financial services, assisted living facilities, and an array of aids and devices designed to enhance the comfort and convenience of seniors.
Antara-Max Estates to set up integrated senior living facility
Antara has two projects – in Dehradun and Noida – and is launching a third one after 3 years. It intends to launch one project every year and is looking to expand to cities such as Bengaluru, Hyderabad, Chennai, Pune and Goa as demand for senior living has gone up post Covid.
‘We hope 2024 chases away our loneliness, bring in more engagement with society’: wish Pune’s elderly
5 Things To Consider Before Choosing A Retirement Community
Retirement communities provide a range of facilities and services for older people based on their preferences
Ashiana Housing focuses on senior living in upcoming projects
As India ages and becomes more prosperous, better educated, and experiences improved healthcare, the demand for senior living is expected to rise.
Retirement roadmap: How to plan for your second innings? Here are 3 ways
life expectancy in India nearly doubled from 35.21 years in 1950 to 70.19 years in 2022. And while this is a positive trend that reflects remarkable progress in healthcare and quality of life, it also exposes our longevity risks;
Cyber financial fraud: What RBI can do to protect senior citizen victims
A cyber financial fraud fund, focussed solely on senior citizens, can help with instant reimbursement of funds lost to cyber financial fraud.
Silver Innings foundation Update
Silver Inning Foundation India Document is on United Nations website for the OEWGA questionnaire on: “Identification of possible gaps in the protection of the human rights of older persons and how best to address them”.
Silver Innings continuously working for rights of older persons and person with Dementia since 2008.
Silver Innings thanks their mentor S B Somers Inpea of The International Network for the Prevention of Elder Abuse (INPEA) and Ellen Graham of Global Alliance for the Rights of Older People; for their unconditional support.
Check – Silver Inning Foundation at this link
https://social.un.org/ageing-working-group/responses_ngos.shtml
Why do senior citizens need comprehensive health insurance coverage?
Every senior citizen imagines a good retirement life with their savings, hoping it can give them all the comforts they need for the years that lay ahead.
Factors to Consider When Buying Health Insurance for Aging Parents (advertisement)
The first step is determining health insurance providers with a distinguished market reputation for robust services.
Empowering Seniors: Harnessing Technology for Health and Well-being
As the world becomes increasingly digital, technology has proven to be a valuable asset in enhancing various aspects of our lives, including health and well-being.
Tier 2, Tier 3 Cities Of Karnataka See An Increase In Elderly Care Homes
According to the United Nations, India’s ageing population is expected to be 19.5 per cent of the total population by 2050 and the numbers are likely to increase to 193 million by 2031 from 138 million in 2021.
Out-of-hospital care provider HCAH continues to expand its footprint across India
Currently, HCAH boasts the largest chain of Transition Care Centres in the country, with over 325 beds spread across multiple cities, it claimed.
5 Ways To Stay Active After Retirement
You can do many things to keep yourself busy and treat retirement not as a punishment but to enjoy and discover things you may have missed during your working years.
https://retirement.outlookindia.com/spend/senior-living/5-ways-to-stay-active-after-retirement
Bengaluru lacks skilled elderly care network
The elderly in need of the support of skilled caregivers is on the rise in Bengaluru but the city has been failing to cater to the rising demand.
Exploring Serenity: One-Day Getaways Near Mumbai for Elderly Travellers
No proposal under consideration to revert to Old Pension Scheme, says FinMin
The law does not permit refunding the back-accumulated money of employees to the State government in case of going back to OPS, says MoS Pankaj Chaudhary
3 Financial Instruments You Must Have Before Retirement
Entering retirement without essential financial instruments may restrict the full enjoyment of this phase. Ensure you have the financial tools required to make the most of your retirement journey.