India will need to develop a robust annuity market if it is to enable its rapidly aging population to address longevity risk. As the fraction aged triples by 2050, driving a huge potential demand for annuity-type products that will need to be matched by responses from annuity providers. Developing a deeper and broader market for annuities will require disaggregated morbidity and mortality databases for better price discovery; supply of financial instruments enabling better matching of assets and long-term liabilities; innovations in annuity products and distribution channels; greater financial literacy, and more robust regulation.