It is estimated that India has around 90 million elderly and by 2050, this number is expected to rise to 315 million. The life expectancy in India has increased from 42 years in 1960 to over 65 years at present. Longevity is laudable as an achievement in developing countries but it leads to social and economic pressures on formal and informal care network along with the government. Governments around the world have a herculean task at hand of providing for pensions, housing, medical services and a dignified life for seniors.
Elderly care is gaining more importance in India owing to the changing demographic mix and increased awareness. Even though the proportion of elderly in India might be low as compared to the developed countries, the sheer size of the population would make this a mammoth task. There is a clear need which is emerging for a comprehensive solution for elderly care which encompasses their overall security.
Poor and economically dependent senior citizens in the rural and urban areas have an urgent need for support in terms of UHC which will provide for both inpatient and outpatient treatments across secondary and tertiary care.
The economically independent elderly would need support across the five elements of Financial, Emotional, Social, Physical and Family security for a comprehensive support system.