PFRDA launches NPS Swasthya, blending retirement savings with healthcare access. The new scheme allows National Pension System subscribers aged 18 to 85 to withdraw up to 25 percent of their contributions for medical expenses, addressing a critical gap in India's social security framework. Powered by Medi Assist's Maven infrastructure and backed by Aditya Birla Health Insurance, the initiative provides coverage for both inpatient and outpatient services across a network of over 15,500 hospitals. This two-phase rollout represents a significant shift in pension policy, enabling subscribers to access medical funds while maintaining long-term market-linked growth on remaining balances. The scheme addresses vulnerabilities among elderly populations outside traditional insurance coverage.
Post from MarketNews_en
Log in to interact with content.