New Delhi. There is big news for those investing in the National Pension System (NPS). Pension fund regulator PFRDA has released the final operational guidelines for NPS Swasthya. The scheme is expected to be launched on 1 October 2026 i.e. NPS Day. In this scheme, the facility of health insurance has been combined with retirement savings. There will be a separate investment account under NPS Swasthya and it will be accompanied by mandatory super top-up health insurance.
Health cover up to Rs 30 lakh
The scheme will have different options under family floater. Coverage can range from Rs 1 lakh to Rs 30 lakh, while deductible options range from Rs 10,000 to Rs 3 lakh. This will include the customer, spouse and maximum two dependent children. Parents will not be a part of this family floater.
How much money will it cost initially?
The initial contribution to NPS Swasthya will include the first year's insurance premium, Rs 200 annual maintenance charge and a minimum investment of Rs 1,000. After this a minimum contribution of Rs 10 can be made in the NPS Swasthya account. The amount of insurance premium will be decided according to the age and policy rules.
Will be able to withdraw money for treatment also
The special feature of the scheme is that customers can make partial withdrawal up to 25 percent of the contribution made in their NPS Swasthya account for eligible health expenses. This may include eligible OPD and hospital related expenses. The withdrawn amount will be paid to the concerned hospital or healthcare provider instead of being given directly to the customer.
That is, the purpose of NPS Swasthya is to provide additional financial security for health expenses along with saving for retirement.