SBI PENSION FUND SCHEME - CENTRAL GOVT - 25.9756 as on 20-04-2018 || SBI PENSION FUND SCHEME - STATE GOVT - 22.3065 as on 20-04-2018 || SBI PENSION FUND SCHEME E - TIER I - 23.6401 as on 20-04-2018 || SBI PENSION FUND SCHEME C - TIER I - 24.5452 as on 20-04-2018 || SBI PENSION FUND SCHEME G - TIER I - 22.3613 as on 20-04-2018 || SBI PENSION FUND SCHEME E - TIER II - 21.8028 as on 20-04-2018 || SBI PENSION FUND SCHEME C - TIER II - 22.453 as on 20-04-2018 || SBI PENSION FUND SCHEME G - TIER II - 21.3426 as on 20-04-2018 || NPS TRUST A/C-SBI PENSION FUNDS PRIVATE LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 21.0935 as on 20-04-2018 || SBI PENSION FUNDS PVT. LTD. SCHEME - CORPORATE-CG - 16.551 as on 20-04-2018 || NPS TRUST - A/C SBI PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.5114 as on 20-04-2018 || SBI PENSION FUND SCHEME A - TIER I - 11.1497 as on 20-04-2018 || SBI PENSION FUND SCHEME A - TIER II - 20 as on 20-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- CENTRAL GOVT - 25.2422 as on 20-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- STATE GOVT - 22.4699 as on 20-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME E - TIER I - 27.7626 as on 20-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME C - TIER I - 22.2013 as on 20-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME G - TIER I - 20.1303 as on 20-04-2018 || UTI RETIREMENT SOLUTIONS SCHEME E - TIER II - 22.5497 as on 20-04-2018 || UTI RETIREMENT SOLUTIONS SCHEME C - TIER II - 21.216 as on 20-04-2018 || UTI RETIREMENT SOLUTIONS SCHEME G - TIER II - 20.6764 as on 20-04-2018 || NPS TRUST A/C-UTI RETIREMENT SOLUTIONS LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.9416 as on 20-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - CORPORATE-CG - 10 as on 20-04-2018 || NPS TRUST - A/C UTI RETIREMENT SOLUTIONS LTD. SCHEME - ATAL PENSION YOJANA (APY) - 12.8556 as on 20-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER I - 11.0279 as on 20-04-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER II - 10 as on 20-04-2018 || LIC PENSION FUND SCHEME - CENTRAL GOVT - 25.2959 as on 20-04-2018 || LIC PENSION FUND SCHEME - STATE GOVT - 22.5946 as on 20-04-2018 || NPS TRUST A/C-LIC PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.8445 as on 20-04-2018 || LIC PENSION FUND LIMITED SCHEME - CORPORATE-CG - 16.5992 as on 20-04-2018 || LIC PENSION FUND SCHEME E - TIER I - 18.2886 as on 20-04-2018 || LIC PENSION FUND SCHEME C - TIER I - 15.8197 as on 20-04-2018 || LIC PENSION FUND SCHEME G - TIER I - 16.1994 as on 20-04-2018 || LIC PENSION FUND SCHEME E - TIER II - 15.2959 as on 20-04-2018 || LIC PENSION FUND SCHEME C - TIER II - 14.8288 as on 20-04-2018 || LIC PENSION FUND SCHEME G - TIER II - 16.1907 as on 20-04-2018 || NPS TRUST - A/C LIC PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.7888 as on 20-04-2018 || LIC PENSION FUND SCHEME A - TIER I - 10.9804 as on 20-04-2018 || LIC PENSION FUND SCHEME A - TIER II - 10 as on 20-04-2018 || KOTAK PENSION FUND SCHEME E - TIER I - 25.8587 as on 20-04-2018 || KOTAK PENSION FUND SCHEME C - TIER I - 24.3957 as on 20-04-2018 || KOTAK PENSION FUND SCHEME G - TIER I - 20.5275 as on 20-04-2018 || KOTAK PENSION FUND SCHEME E - TIER II - 22.8678 as on 20-04-2018 || KOTAK PENSION FUND SCHEME C - TIER II - 20.9366 as on 20-04-2018 || KOTAK PENSION FUND SCHEME G - TIER II - 19.3066 as on 20-04-2018 || NPS TRUST A/C-KOTAK MAHINDRA PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 18.4163 as on 20-04-2018 || KOTAK PENSION FUND SCHEME A - TIER I - 11.0661 as on 20-04-2018 || KOTAK PENSION FUND SCHEME A - TIER II - 10 as on 20-04-2018 || RELIANCE PENSION FUND SCHEME E - TIER I - 25.5224 as on 20-04-2018 || RELIANCE PENSION FUND SCHEME C - TIER I - 22.0663 as on 20-04-2018 || RELIANCE PENSION FUND SCHEME G - TIER I - 20.1485 as on 20-04-2018 || RELIANCE PENSION FUND SCHEME E - TIER II - 21.8863 as on 20-04-2018 || RELIANCE PENSION FUND SCHEME C - TIER II - 20.5641 as on 20-04-2018 || RELIANCE PENSION FUND SCHEME G - TIER II - 19.5775 as on 20-04-2018 || NPS TRUST A/C-RELIANCE CAPITAL PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 20-04-2018 || RELIANCE PENSION FUND SCHEME A - TIER I - 10.937 as on 20-04-2018 || RELIANCE PENSION FUND SCHEME A - TIER II - 10 as on 20-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER I - 27.5991 as on 20-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER I - 24.5403 as on 20-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER I - 20.7401 as on 20-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER II - 21.7601 as on 20-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER II - 22.8393 as on 20-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER II - 19.8901 as on 20-04-2018 || NPS TRUST A/C-ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 20-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER I - 10.9991 as on 20-04-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER II - 10 as on 20-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER I - 20.4709 as on 20-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER I - 15.905 as on 20-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER I - 15.3036 as on 20-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER II - 17.7218 as on 20-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER II - 15.0235 as on 20-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER II - 15.6688 as on 20-04-2018 || NPS TRUST A/C-HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME - NPS LITE SCHEME - GOVT. PATTERN - 10 as on 20-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER I - 11.2521 as on 20-04-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER II - 10 as on 20-04-2018 || BIRLA SUN LIFE PENSION SCHEME E - TIER I - 11.5275 as on 20-04-2018 || BIRLA SUN LIFE PENSION SCHEME C - TIER I - 10.7998 as on 20-04-2018 || BIRLA SUN LIFE PENSION SCHEME G - TIER I - 10.2996 as on 20-04-2018 || BIRLA SUN LIFE PENSION SCHEME A - TIER I - 10.6276 as on 20-04-2018 || BIRLA SUN LIFE PENSION SCHEME E - TIER II - 11.4907 as on 20-04-2018 || BIRLA SUN LIFE PENSION SCHEME C - TIER II - 10.5213 as on 20-04-2018 || BIRLA SUN LIFE PENSION SCHEME G - TIER II - 9.9308 as on 20-04-2018 || BIRLA SUN LIFE PENSION SCHEME A - TIER II - 10 as on 20-04-2018

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Annuity Service Provider (ASP)

Annuity in the context of NPS refers to the monthly payment that will be received by the subscriber from the Annuity Service Provider after his exit from NPS. Annuity Service Provider is an IRDA registered insurance company empanelled by PFRDA for providing of Annuity Services to NPS subscribers upon their exit from the system. ASPs will be responsible for managing the funds (allocated for buying annuity) and payment of the pension after a subscriber attains the age of 60. Pension Fund Regulatory and Development Authority (PFRDA) has empanelled the following seven IRDA approved life insurance companies for providing annuity services to the subscribers of National Pension System (NPS).

At present seven ASPs are providing the Annuity services to NPS Subscribers. The ASPs are as follows:

  1. Life Insurance Corporation of India
  2. SBI Life Insurance Co. Ltd.
  3. ICICI Prudential Life Insurance Co. Ltd.
  4. HDFC Standard Life Insurance Co Ltd.
  5. Bajaj Allianz Life Insurance Co. Ltd.
  6. Reliance Life Insurance Co. Ltd.
  7. Star Union Dai-ichi Life Insurance Co. Ltd.

The contact details of the ASPs is available at https://www.npscra.nsdl.co.in/annuity-service-providers.php

The different type of Annuity options are:

  1. Annuity/ pension payable for life at a uniform rate.
  2. Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive.
  3. Annuity for life with return of purchase price on death of the annuitant.
  4. Annuity payable for life increasing at a simple rate of 3% p.a.
  5. Annuity for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
  6. Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
  7. Annuity for life with a provision of 100% of the annuity payable to spouse during his/ her life time on death of annuitant. The purchase price will be returned on the death of last survivor.

Yes, it is compulsory for the NPS Subscribers to purchase an annuity product from empanelled ASPs at the time of Superannuation and Pre-mature exit. The Subscriber selects the ASP at the time of submitting the withdrawal request or after the payment of Lumpsum withdrawal (maximum 60% & 20% can be withdrawn in case of Superannuation & Pre-mature Exit respectively).

No, only monthly annuity is allowed under NPS.

Duration of the annuity policy is dependent upon the annuity scheme opted by Subscriber.

Annuity amount is dependent upon the duration of annuity policy & annuity purchase amount.

The minimum age to receive annuity are predefined by each ASP. For example, HDFC and LIC offers the annuity from the age of 30 while SBI Life offers the annuity only after Subscriber reaches 40 years of age.

Once the Withdrawal request is processed and NPS corpus is remitted to Subscriber’s opted ASP, monthly annuity will be issued by the concerned ASP.