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The article presents the results of a study conducted in Agra City, India among 300 male and female respondents aged 65-85 years to evaluate their health condition, their subjective well-being and also the correlation between health and well-being of the aged. Results of the study showed that health declines as age progresses, the aged males have a better health condition than their aged female counterparts, and that subjective well-being is better among the senescent aged respondents than the senile aged.