{"id":355181,"date":"2026-02-02T16:13:13","date_gmt":"2026-02-02T10:43:13","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=355181"},"modified":"2026-02-02T16:13:13","modified_gmt":"2026-02-02T10:43:13","slug":"nps-swasthya-pension-scheme-nsps","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/nps-swasthya-pension-scheme-nsps\/","title":{"rendered":"NPS Swasthya Pension Scheme (NSPS)"},"content":{"rendered":"<p><strong>News: PFRDA <\/strong>launches<strong> NPS Swasthya Pension Scheme (NSPS) <\/strong>on Pilot Basis under its<strong> Regulatory Sandbox Framework<\/strong> to integrate <strong>healthcare financing <\/strong>with<strong> pension savings<\/strong> under the National Pension System (NPS).<\/p>\n<h2>About NPS Swasthya Pension Scheme (NSPS)<\/h2>\n<figure id=\"attachment_355200\" aria-describedby=\"caption-attachment-355200\" style=\"width: 412px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-355200\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/02\/Source-PIB.jpg?resize=412%2C213&#038;ssl=1\" alt=\"NPS Swasthya Pension Scheme (NSPS)\" width=\"412\" height=\"213\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/02\/Source-PIB.jpg?resize=300%2C155&amp;ssl=1 300w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/02\/Source-PIB.jpg?resize=768%2C397&amp;ssl=1 768w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/02\/Source-PIB.jpg?w=782&amp;ssl=1 782w\" sizes=\"auto, (max-width: 412px) 100vw, 412px\" \/><figcaption id=\"caption-attachment-355200\" class=\"wp-caption-text\">Source &#8211; PIB<\/figcaption><\/figure>\n<ul>\n<li><strong>Nature:<\/strong> Sector-specific <strong>contributory scheme<\/strong> under the <strong>Multiple Scheme Framework (MSF)<\/strong> of NPS<\/li>\n<li><strong>Coverage:<\/strong> Designed to meet <strong>out-patient (OPD) and in-patient medical expenses<\/strong><\/li>\n<li><strong>Eligibility:<\/strong> Open to <strong>all Indian citizens<\/strong> on a <strong>voluntary basis<\/strong><\/li>\n<li><strong>Implementation:<\/strong> Launched by <strong>Pension Funds (PFs)<\/strong> with prior PFRDA approval<\/li>\n<li><strong>Pilot Mode:<\/strong> Limited duration with <strong>restricted number of subscribers<\/strong> (Proof of Concept \u2013 PoC)<\/li>\n<\/ul>\n<h2><strong>Key Features of National Pension System (NPS)<\/strong><\/h2>\n<ul>\n<li><strong>Mandatory Requirement:<\/strong> Subscriber must have a <strong>Common Scheme Account under NPS<\/strong><\/li>\n<li><strong>Contributions:<\/strong>\n<ul>\n<li>Subscribers can contribute <strong>any amount<\/strong> as per existing NPS (non-government) norms<\/li>\n<li>Subscribers <strong>above 40 years<\/strong> (excluding government employees) may transfer <strong>up to 30%<\/strong> of their corpus from the Common Scheme Account to NSPS<\/li>\n<\/ul>\n<\/li>\n<li><strong>Withdrawals for Medical Needs:<\/strong>\n<ul>\n<li><strong>Partial withdrawal up to 25%<\/strong> of own contributions for medical expenses<\/li>\n<li><strong>No cap on number of withdrawals<\/strong>, subject to a <strong>minimum corpus of \u20b950,000<\/strong><\/li>\n<li>In <strong>critical in-patient cases<\/strong>, if expenses exceed <strong>70% of corpus<\/strong>, <strong>100% premature withdrawal<\/strong> is permitted<\/li>\n<\/ul>\n<\/li>\n<li><strong>Relaxed Norms:<\/strong> Certain provisions of <strong>PFRDA (Exits and Withdrawals under NPS) Regulations, 2015<\/strong> have been relaxed for the pilot<\/li>\n<li><strong>Claim Settlement &amp; Safeguards<\/strong>\n<ul>\n<li>Withdrawn amounts are paid <strong>directly to Health Benefit Administrators (HBA), TPAs, or hospitals<\/strong> against valid claims<\/li>\n<li><strong>Unutilised balance<\/strong>, if any, is transferred back to the subscriber\u2019s <strong>Common Scheme Account<\/strong><\/li>\n<\/ul>\n<\/li>\n<li><strong>Institutional Collaboration<\/strong>\n<ul>\n<li>Pension Funds may collaborate with <strong>FinTech companies and health service administrators<\/strong> for effective implementation<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: PFRDA launches NPS Swasthya Pension Scheme (NSPS) on Pilot Basis under its Regulatory Sandbox Framework to integrate healthcare financing with pension savings under the National Pension System (NPS). About NPS Swasthya Pension Scheme (NSPS) Nature: Sector-specific contributory scheme under the Multiple Scheme Framework (MSF) of NPS Coverage: Designed to meet out-patient (OPD) and in-patient&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/nps-swasthya-pension-scheme-nsps\/\">Continue reading <span class=\"screen-reader-text\">NPS Swasthya Pension Scheme (NSPS)<\/span><\/a><\/p>\n","protected":false},"author":10398,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,956,12039],"tags":[11872],"class_list":["post-355181","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-schemes-and-programs","category-knolls","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/355181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10398"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=355181"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/355181\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=355181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=355181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=355181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}