Revised NPS Swasthya Pension Scheme PoC 2 guidelines have come into effect, making health insurance benefits mandatory for subscribers. The scheme remains a voluntary, contributory option open to any Indian citizen, investing contributions for retirement while enabling medical support through partial withdrawals for expenses and a 100% lump-sum exit in emergencies.
PPFAS Asset Management has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to become a sponsor for a pension fund under India’s National Pension System (NPS). The move potentially expands the set of players managing NPS pension funds, strengthening options for subscribers while bringing PPFAS into the regulated pension ecosystem.
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NPS pensioners and family pensioners will now receive the Fixed Medical Allowance directly into their bank accounts. The transfer is automatic, removing the need to submit medical bills. The change is designed to simplify claims and ensure timely support for eligible retirees and their families under the NPS framework.
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