Next: Behaviour and wellbeing
Money and your head
The biases that move your money before you notice — loss aversion, FOMO, anchoring — plus the curated feed, betting apps dressed as games, and where help lives.
22 min
beginner
Your parents' money, and yours
Health cover after 60, the schemes built for senior citizens, what EPS and NPS actually pay, nominations and papers — and how to start the conversation at home.
3 lessons · about 22 minutes · written for reading age 13 · last checked 2026-08-11
Cover for parents, before the year it is needed
Premiums after 60, the waiting period that can only run while a parent is well, and the 80D limit that doubles at exactly the moment the cost does.
8 min
What 60-plus money is built on
SCSS, senior deposit rates, the deliberately modest EPS pension and the NPS annuity — four instruments compared as categories, with who stands behind each.
7 min
Papers, nominations, and the conversation
Nominee versus heir, the one-page map every family needs, the sandwich-generation squeeze that is structural rather than personal, and how to open the topic.
7 min
Check yourself
4 questions at the end. Every wrong answer explains itself.
Tools for this
Sources
- IRDAI — health insurance regulations and consumer education — Insurance Regulatory and Development Authority of India · checked 2026-08-11
- Income Tax Department — sections 80D and 80TTB, senior citizen provisions — Income Tax Department · checked 2026-08-11
- Post Office Savings Schemes — Senior Citizens Savings Scheme — Department of Posts, Government of India · checked 2026-08-11
- Employees' Pension Scheme 1995 — Employees' Provident Fund Organisation · checked 2026-08-11
- PFRDA — NPS exits and withdrawals regulations — Pension Fund Regulatory and Development Authority · checked 2026-08-11
- A Guide to Deposit Insurance — Deposit Insurance and Credit Guarantee Corporation · checked 2026-08-11
- Banking Regulation Act 1949 — nomination provisions — India Code, Legislative Department · checked 2026-08-11