How to Financially Plan for Your Dependent Parents in India: A Complete Guide for 2026
How to Financially Plan for Your Dependent Parents in India: A Complete Guide for 2026 As our parents age, many adult children in India face the responsibility of providing financial support while planning for elderly care. This comprehensive guide covers everything from understanding old age home costs to navigating EPFO pensions, Ayushman Bharat, and tax-saving strategies for senior citizens. Learn how to create a sustainable financial plan that protects both your parents' well-being and your own financial future. Understanding India's Growing Elder Care Challenge India is experiencing a demographic transformation. Around 19,500 Indians turn 60 every single day, and by 2050, nearly 21% of our population will be above 60 years old—translating to approximately 347 million senior citizens. This unprecedented ageing population is reshaping how Indian families plan, save, and care for their elderly parents. The financial implications are substantial. For an urban middle-class co...