New Delhi, Feb. 24 -- Planning for retirement isn't just about saving. It's about creating a financial strategy that guarantees long-term security. Let's understand why retirement planning is crucial, how prepared Indians feel about their post-work life, and how annuity products can play a key role in securing a stable and stress-free future.

Most developed countries have structured systems in place to provide a steady income flow for the elderly, ensuring financial security post-retirement. Countries like the U.S. (Social Security), Canada (Canada Pension Plan), and the U.K. (State Pension) provide monthly payments to retirees based on their contributions during their working years.

In India, retirement income security is still evolvin...