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  • Reverse Mortgage Loan A Novel Product For Senior Citizens - An Overview

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    Editor IJARSH
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    With the growth of the ageing population, Nucleus families, old age security has become one of the prime concerns for the Indian government. Senior Citizens are a sizeable part of the society and they are in search of security, to live peacefully. The projections of the population of the senior citizens show that in the year 2021 it will be 143.244 and in the year 2026 it will be 173.182. With increasing non pensionable jobs the segment of people who are in their retirement phase and who may not have enough cash to sustain their life is increasing. These people may not have enough income or saving in cash but may have assets which may not be providing income. Therefore there is a need of Innovative financial services / Products to cater to the requirements of this section of population. This problem is converted into the business opportunity by the financial institutions and a new financial service, by name ‘Reverse Mortgage’, to answer this problem is introduced.

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    REVERSE MORTGAGE LOAN A NOVEL PRODUCT FOR SENIOR CITIZENS – AN OVERVIEW

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    With the growth of the ageing population, Nucleus families, old age security has become one of the prime concerns for the Indian government. Senior Citizens are a sizeable part of the society and they are in search of security, to live peacefully. The projections of the population of the senior citizens show that in the year 2021 it will be 143.244 and in the year 2026 it will be 173.182. With increasing non pensionable jobs the segment of people who are in their retirement phase and who may not have enough cash to sustain their life is increasing. These people may not have enough income or saving in cash but may have assets which may not be providing income. Therefore there is a need of Innovative financial services / Products to cater to the requirements of this section of population. This problem is converted into the business opportunity by the financial institutions and a new financial service, by name ‘Reverse Mortgage’, to answer this problem is introduced.

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    © All Rights Reserved
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    7 просмотров1 страница

    Reverse Mortgage Loan A Novel Product For Senior Citizens - An Overview

    Загружено:

    Editor IJARSH
    With the growth of the ageing population, Nucleus families, old age security has become one of the prime concerns for the Indian government. Senior Citizens are a sizeable part of the society and they are in search of security, to live peacefully. The projections of the population of the senior citizens show that in the year 2021 it will be 143.244 and in the year 2026 it will be 173.182. With increasing non pensionable jobs the segment of people who are in their retirement phase and who may not have enough cash to sustain their life is increasing. These people may not have enough income or saving in cash but may have assets which may not be providing income. Therefore there is a need of Innovative financial services / Products to cater to the requirements of this section of population. This problem is converted into the business opportunity by the financial institutions and a new financial service, by name ‘Reverse Mortgage’, to answer this problem is introduced.

    Авторское право:

    © All Rights Reserved
    Скачайте в формате DOCX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 1

    REVERSE MORTGAGE LOAN A NOVEL PRODUCT FOR SENIOR CITIZENS – AN OVERVIEW

    A. Pravallika*1

    Affiliations
    *Assistant Professor, Department of Business Management, Mahatma Gandhi University, Nalgonda -508001.
    Telangana, India.

    ABSTRACT
    With the growth of the ageing population, Nucleus families, old age security has become one of the prime
    concerns for the Indian government. Senior Citizens are a sizeable part of the society and they are in
    search of security, to live peacefully. The projections of the population of the senior citizens show that in
    the year 2021 it will be 143.244 and in the year 2026 it will be 173.182. With increasing non pensionable
    jobs the segment of people who are in their retirement phase and who may not have enough cash to
    sustain their life is increasing. These people may not have enough income or saving in cash but may have
    assets which may not be providing income. Therefore there is a need of Innovative financial services /
    Products to cater to the requirements of this section of population. This problem is converted into the
    business opportunity by the financial institutions and a new financial service, by name ‘Reverse
    Mortgage’, to answer this problem is introduced.

    KEYWORDS
    Reverse Mortgage; Scenario; Loan; Novel Product; Senior Citizens; Overview.

    JEL CLASSIFICATION
    H51, Y1, G4, H52, Z1

    REFRENCES
    Benjamin A. Brian A. Neil (2009), Is A Reverse Mortgage A Viable Option For Baby Boomers? Journal
    of Business & Economics Research, 7 (6), 53.
    Sravanthi, N (2010), A Study on Reverse Mortgage of SBI, Indian Journal of Finance, 4(8) 20-23.
    Jaishanker, P R.(2010), Reverse Mortgages in India: New Dimensions in Emerging Horizon, Indian
    Journal of Finance, 4 (11), 44-52.
    Jain, S. (2012), “Analysis of Equity Based Mutual Funds in India”, IOSR Journal of Business and
    Management, Vol. 2(1), 1-4.
    Karrupasamy, D.R. and Vanaja, P.V. (2013), “A Study on The Performance of Selected Large Cap and
    Small & Mid Cap Mutual Fund Schemes in India”, the International Journal of Management, 2(3), 7-
    13.

    FULL TEXT: PDF


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