India, Jan. 30 -- Axis Max Life Insurance Limited ("Axis Max Life" / "Company"), formerly known as Max Life Insurance Company Limited, has released cohort-level findings of the Sandwich Generation and Empty Nesters as part of the fifth edition of its flagship India Retirement Index Study (IRIS) conducted in partnership with Kantar, a leading global marketing data and analytics company.

Today, as the traditional Indian joint family structure shifts toward nuclear families and urban migration, the study highlights two key groups shaping the country's changing retirement mindset: the Sandwich Generation, which supports both aging parents and dependent children, and Empty Nesters, parents living independently after their children have moved ...