News From Press National Pension System: How to choose the right annuity plan?

National Pension System: How to choose the right annuity plan?

Source: Moneycontrol Sep 28, 2024

The National Pension System (NPS) has been one of the better vehicles to plan your retirement years, but it is a pensioner’s responsibility to choose an appropriate annuity plan.

According to the Handbook of NPS 2024, 1,65,320 subscribers opted for annuity plans at the time of their superannuation since the launch of the scheme on January 1, 2004.

Currently, there are as much as 15 different types of annuities options available for NPS subscribers.

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