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Will Reverse Mortgage..
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string(980) "Hye !!
We often observe a number of senior citizens who own a decent house for themselves but face difficulties in maintaining their lifestyle and healthcare needs, in their post-retirement lives.
As of now there is no thing like "social security" in India.
Government employees though get PF and other retirement benefits, there is vast pool of people in the private jobs and business segment who are bound to live a life in financial crisis, in the latter phase.
Reverse Mortgage here makes a good option as the elderly couple can have regular inflow of cash every month through it... The option is quite popular in the West !!!
However the fact that most Indians will find hard to digest is the fact that the company, which provides such service takes the ownership of the house on the owners' demise.
The concept is introduced in India by Diwan Housing, the only one in the segment.
Now, only the time will tell how Indian people treat this option..!!!"
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We often observe a number of senior citizens who own a decent house for themselves but face difficulties in maintaining their lifestyle and healthcare needs, in their post-retirement lives.
As of now there is no thing like "social security" in India.
Government employees though get PF and other retirement benefits, there is vast pool of people in the private jobs and business segment who are bound to live a life in financial crisis, in the latter phase.
Reverse Mortgage here makes a good option as the elderly couple can have regular inflow of cash every month through it... The option is quite popular in the West !!!
However the fact that most Indians will find hard to digest is the fact that the company, which provides such service takes the ownership of the house on the owners' demise.
The concept is introduced in India by Diwan Housing, the only one in the segment.
Now, only the time will tell how Indian people treat this option..!!!
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