National Pension System (NPS) rule change: How pensioners will benefit1 min read 15 Sep 2022, 09:07 AM IST
At present, NPS retirees have to submit an exit form to PFRDA and a proposal form to insurers at the time of superannuation
From now on, the National Pension System (NPS) pensioners don’t have to fill any separate form to buy annuity from NPS proceeds at the time of retirement. Insurance Regulatory and Development Authority of India (Irdai) has said that it has relaxed the requirement for the same and it is aimed at providing ease of doing business in insurance industry for protection of interests of policyholders.
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