{"id":272347,"date":"2026-01-30T18:21:15","date_gmt":"2026-01-30T18:21:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/272347\/"},"modified":"2026-01-30T18:21:15","modified_gmt":"2026-01-30T18:21:15","slug":"nps-swasthya-pension-scheme-nsps-features-latest-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/272347\/","title":{"rendered":"NPS Swasthya Pension Scheme (NSPS), Features, Latest News"},"content":{"rendered":"

NPS Swasthya Pension Scheme (NSPS) is a new initiative launched by the Pension Fund Regulatory and Development Authority (PFRDA) to integrate health-related financial benefits with the existing National Pension System (NPS) framework.<\/p>\n

\t\t\tNPS Swasthya Pension Scheme (NSPS) Latest News<\/p>\n

The Pension Fund Regulatory and Development Authority (PFRDA) recently rolled out the NPS Swasthya Pension Scheme (NSPS) on a pilot basis.<\/p>\n

About NPS Swasthya Pension Scheme (NSPS)<\/p>\n

It is a new initiative launched by the Pension Fund Regulatory and Development Authority (PFRDA) as a Proof of Concept (PoC) under its Regulatory Sandbox Framework.\u00a0
\nThe initiative aims to integrate health-related financial benefits with the existing National Pension System (NPS) framework.
\nThe scheme, launched for a limited and controlled period, is designed to provide financial support for out-patient and in-patient medical expenses.\u00a0
\nThe scheme will function as a sector-specific contributory pension scheme within the Multiple Scheme Framework (MSF) of NPS and will be offered to Indian citizens on a voluntary basis.
\nIt will be launched by Pension Funds after obtaining prior approval from PFRDA.\u00a0
\nAs it is being implemented as a pilot project, only a restricted number of subscribers will be enrolled during the PoC phase.
\nTo facilitate the pilot, certain provisions of the PFRDA (Exits and Withdrawals under NPS) Regulations, 2015, have been relaxed.\u00a0
\nPension Funds may also collaborate with FinTech firms and health service administrators to implement the scheme.<\/p>\n

NPS Swasthya Pension Scheme (NSPS) Features<\/p>\n

Any Indian citizen is eligible to join the scheme, but a Common Scheme Account under NPS is mandatory.
\nSubscribers can contribute any amount, in line with existing NPS guidelines applicable to the non-government sector.
\nSubscribers aged above 40 years (excluding government sector subscribers) may transfer up to 30% of their contributions from the Common Scheme Account to the Swasthya Pension Scheme.
\nPartial withdrawals are permitted for medical expenses up to 25% of the subscriber\u2019s own contributions, with no limit on the number of withdrawals, subject to a minimum accumulated corpus of \u20b950,000.
\nIn cases of critical inpatient treatment, where medical expenses exceed 70% of the available corpus, subscribers may opt for 100% premature withdrawal solely to meet such medical costs.
\nClaim Settlement and Safeguards:<\/p>\n

Amounts withdrawn under the scheme will be paid directly to the Health Benefit Administrator (HBA), Third Party Administrator (TPA), or hospital, based on valid claims and supporting bills.\u00a0
\nAny surplus remaining after settlement of medical expenses will be transferred back to the subscriber\u2019s Common Scheme Account.<\/p>\n

Source: BS<\/a><\/p>\n

NPS Swasthya Pension Scheme (NSPS) FAQs<\/p>\n

Q1. Which authority launched the NPS Swasthya Pension Scheme?+<\/p>\n

Q2. What is the main objective of the NPS Swasthya Pension Scheme?+<\/p>\n

Q3. What types of medical expenses are covered under the scheme?+<\/p>\n

Q4. Is participation in the NPS Swasthya Pension Scheme mandatory?+<\/p>\n

Tags: NPS Swasthya Pension Scheme (NSPS)<\/a> <\/p>\n

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