Empowering Retirement Dreams with Smart Planning
When one of India’s Foremost Pension Tech Enablers set out to bridge the retirement planning gap for millions in the unorganized sector, they needed a solution that was not only accurate but also empowering. With a vision to help people better understand their future financial needs and take control of their retirement journey, they turned to Finlabs.
- Challenges
Many individuals in the unorganized workforce weren’t saving enough for a secure retirement. There was a need for a tool that could educate, engage, and guide users toward smarter retirement contributions under the National Pension System (NPS).
- Our Technology-Driven Solution
Finlabs designed and developed the NPS Prosperity Planner (NPP) — a simple, intuitive digital tool that:
- Calculates your future retirement amount based on your current savings and contributions.
- Estimates your future living expenses, taking inflation into account.
- Checks if your retirement savings will be enough to support your expected expenses.
- Suggests how much more you should save to be financially secure.
It works seamlessly, regardless of whether users are logged in, and supports both Hindi and English for a wider reach.
- Journey
Despite a tight deadline, Finlabs delivered the solution with speed and precision. Using agile methods, the team:
- Integrated the planner with legacy systems smoothly
- Adapted quickly to client feedback during testing
- Crafted an experience that’s friendly to both tech-savvy and first-time users
- Impact
The NPP launched successfully and made waves:
- More users from the unorganized sector became aware of NPS benefits
- Individuals started making informed retirement planning decisions
- The user-friendly interface won appreciation from both users and the media
- It was featured prominently on their platform.
- A Step Toward Financial Freedom
This success story highlights how Finlabs goes beyond technology to create a meaningful impact. By turning complex calculations into a simple, empowering experience, Finlabs helped make retirement planning accessible and actionable for the masses.
Because planning for tomorrow should start with understanding today.