Axis Max Life Insurance released new insights on working women cohort from the fifth edition of its flagship India Retirement Index Study (IRIS 5.0).
The study evaluates urban India’s retirement preparedness across three key indices, Financial, Health and Emotional Preparedness, measured on a scale of 0 to 100.
The Retirement Index score for women stands at 49 (out of 100) in 2025, close to the national score of 48. Notably, the index has risen from 44 in 2022 to 49 in 2025, marking a five-point increase, which is slightly above than the overall national growth over the same period from 44 in 2022 to 48 in 2025.
Sumit Madan, CEO and Managing Director, Axis Max Life Insurance, said, “The ‘Health-Wealth’ focus is no longer theoretical; it’s becoming the new standard for retirement preparedness. While women are leading the charge in overall readiness, we recognize that their health preparedness is also growing year-on-year. As life insurers we have also made it our priority to refine our retirement solutions by embedding proactive health and lifestyle features that help our policyholders maintain their vitality throughout their silver years.”
Key Findings of the Women Cohort
Health Preparedness: The study, conducted in partnership with Kantar, women’s Health Preparedness Index rose from 40 (2022) to 47 (2025), marginally outperforming the national growth rate (41 (2022) to 46 (2025).
The Emotive Index: Despite health-wise uptick, psychological preparedness is unsteady. The Emotional Preparedness Index for women dropped from 60 to 58 over the same period. This dip was slightly sharper than their male counterpart which remained stable at 59.
The Loneliness Factor: The fear of loneliness has increased among women—from 69% to 74%— at a time when the all-India level has remained unchanged, indicating a growing emotional sensitivity within this cohort.
In line with gains in the Health Index, the share of women undergoing regular or occasional health check-ups has risen from 57 percent in 2022 to 60 percent in 2025, ahead of the national average of 55 percent. Nearly 43 percent of women report engaging in daily physical workouts, in line with all India average.
Confidence about future well-being has also strengthened. The proportion of women who believe they will remain fit and healthy during their retirement years has increased marginally from 79 percent in 2022 to 82 percent in 2025, moving ahead of the broader national sentiment, which has largely plateaued.
That said, formal risk protection continues to evolve. Health insurance adoption among women has grown from 42 percent in 2022 to 48 percent in 2025, though the pace trails the national growth rate from 43 percent to 50 percent.
Emotional Preparedness Reflects Emerging Sensitivities
Despite the uptick in health index, emotional anxieties continue to influence retirement perceptions among women.
Concerns around financial and environmental security remain largely stable among women. Around 73 percent worry about financial dependence on children, and 79 percent remain concerned about the impact of changing environmental conditions on their retirement years, suggesting persistent but not escalating anxieties.
The proportion of women who feel totally secure about receiving familial support in retirement has increased directionally from 49 percent in 2022 to 53 percent in 2025, in line with the national growth rate from 51 percent to 55 percent.