Arnav Pandya says: "If you are just looking at the tax benefit, you do consider one thing that it is very likely that the amount which you invest on which you think you will get a deduction, you are not going to be able to access for a very long time. So that is very important to consider because if you are going to lock in your money for 25 years, then the tax benefit per se might not seem very significant."
The significant rise in life expectancy in India from 1950 to 2022 emphasizes healthcare and quality of life advancements. This underscores the critical need for comprehensive retirement planning, extending beyond finances to address post-retirement life holistically.