{"id":84935,"date":"2026-01-30T15:15:48","date_gmt":"2026-01-30T09:45:48","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=84935"},"modified":"2026-01-31T16:04:28","modified_gmt":"2026-01-31T10:34:28","slug":"nps-swasthya-pension-scheme-nsps","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/nps-swasthya-pension-scheme-nsps\/","title":{"rendered":"NPS Swasthya Pension Scheme (NSPS)"},"content":{"rendered":"<h2><b>NPS Swasthya Pension Scheme (NSPS) Latest News<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The Pension Fund Regulatory and Development Authority (PFRDA) recently rolled out the NPS Swasthya Pension Scheme (NSPS) on a pilot basis.<\/span><\/p>\n<h2><b>About NPS Swasthya Pension Scheme (NSPS)<\/b><\/h2>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It is a new initiative launched by the <\/span><b>Pension Fund Regulatory and Development Authority (PFRDA)<\/b> <b>as a Proof of Concept (PoC) under its Regulatory Sandbox Framework.\u00a0<\/b><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The initiative aims to <\/span><b>integrate health-related financial benefits with<\/b><span style=\"font-weight: 400;\"> the <\/span><b>existing National Pension System (NPS) framework.<\/b><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The scheme,<\/span><b> launched for a limited and controlled period,<\/b><span style=\"font-weight: 400;\"> is designed to provide <\/span><b>financial support for out-patient and in-patient medical expenses.\u00a0<\/b><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The scheme will function as a <\/span><b>sector-specific contributory pension scheme within the Multiple Scheme Framework (MSF) of NPS <\/b><span style=\"font-weight: 400;\">and will be <\/span><b>offered to Indian citizens on a voluntary basis.<\/b><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It will be<\/span><b> launched by Pension Funds<\/b><span style=\"font-weight: 400;\"> after obtaining prior approval from PFRDA.\u00a0<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">As it is being implemented as a pilot project, only a restricted number of subscribers will be enrolled during the PoC phase.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">To facilitate the pilot, certain provisions of the PFRDA (Exits and Withdrawals under NPS) Regulations, 2015, have been relaxed.\u00a0<\/span><\/li>\n<li style=\"text-align: justify;\"><b>Pension Funds may also collaborate with FinTech firms<\/b><span style=\"font-weight: 400;\"> and <\/span><b>health service administrators to implement<\/b><span style=\"font-weight: 400;\"> the scheme.<\/span><\/li>\n<\/ul>\n<h2><b>NPS Swasthya Pension Scheme (NSPS) Features<\/b><\/h2>\n<ul>\n<li style=\"text-align: justify;\"><b>Any Indian citizen is eligible<\/b><span style=\"font-weight: 400;\"> to join the scheme,<\/span><b> but a Common Scheme Account under NPS is mandatory.<\/b><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Subscribers <\/span><b>can contribute any amount<\/b><span style=\"font-weight: 400;\">, in line with existing NPS guidelines applicable to the non-government sector.<\/span><\/li>\n<li style=\"text-align: justify;\"><b>Subscribers aged above 40 years<\/b><span style=\"font-weight: 400;\"> (excluding government sector subscribers) <\/span><b>may transfer up to 30% of their contributions from the Common Scheme Account to the Swasthya Pension Scheme.<\/b><\/li>\n<li style=\"text-align: justify;\"><b>Partial withdrawals are permitted for medical expenses up to 25% <\/b><span style=\"font-weight: 400;\">of the subscriber\u2019s own <\/span><b>contributions<\/b><span style=\"font-weight: 400;\">, with <\/span><b>no limit on the number of withdrawals<\/b><span style=\"font-weight: 400;\">, <\/span><b>subject to a minimum accumulated corpus of \u20b950,000.<\/b><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In cases of critical inpatient treatment, where <\/span><b>medical expenses exceed 70% of the available corpus, subscribers may opt for 100% premature withdrawal<\/b><span style=\"font-weight: 400;\"> solely to meet such medical costs.<\/span><\/li>\n<li style=\"text-align: justify;\"><b>Claim Settlement and Safeguards:<\/b>\n<ul>\n<li style=\"text-align: justify;\"><b>Amounts withdrawn<\/b><span style=\"font-weight: 400;\"> under the scheme will be <\/span><b>paid directly to the Health Benefit Administrator (HBA), Third Party Administrator (TPA), or hospital<\/b><span style=\"font-weight: 400;\">, based on valid claims and supporting bills.\u00a0<\/span><\/li>\n<li style=\"text-align: justify;\"><b>Any surplus remaining<\/b><span style=\"font-weight: 400;\"> after settlement of medical expenses will be <\/span><b>transferred back <\/b><span style=\"font-weight: 400;\">to the s<\/span><b>ubscriber\u2019s Common Scheme Account.<\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Source: <a href=\"https:\/\/www.business-standard.com\/amp\/finance\/personal-finance\/pfrda-s-swasthya-pension-scheme-explained-where-it-helps-risks-involved-126012901141_1.html\" target=\"_blank\" rel=\"nofollow noopener\">BS<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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","protected":false},"author":23,"featured_media":84923,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[5026,21,22,23],"class_list":{"0":"post-84935","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-nps-swasthya-pension-scheme-nsps","9":"tag-prelims-pointers","10":"tag-upsc-current-affairs","11":"tag-upsc-prelims-current-affairs","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/84935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=84935"}],"version-history":[{"count":5,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/84935\/revisions"}],"predecessor-version":[{"id":84964,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/84935\/revisions\/84964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/84923"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=84935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=84935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=84935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}