India's pension regulator introduces sweeping changes to NPS Swasthya Pension Scheme. The revised guidelines now mandate health insurance benefits for all subscribers, making medical coverage a core feature rather than optional. The scheme requires a minimum initial contribution of Rs 25,000 for onboarding. Subscribers gain flexibility with partial withdrawals for medical expenses and can access a full lump sum exit for emergency medical treatment exceeding their withdrawal limits. Premium deductions for health insurance will come directly from subscriber accounts. The framework allows any Indian citizen to participate in this voluntary, contributory scheme that combines retirement savings with immediate medical support. Transparent disclosure of policy terms, coverage details, exclusions, and claim procedures are now mandatory requirements.
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