PFRDA rolls out NPS Swasthya; Health insurance mandatory, healthcare withdrawals allowed without waiting period

New Delhi, Sep 23 (UNI) Pension regulator PFRDA has rolled out NPS Swasthya, allowing individuals eligible to join the National Pension System to build a dedicated retirement corpus while accessing health insurance and using part of their accumulated funds for eligible healthcare expenses, with no waiting period or limit on the number of partial withdrawals. Under operational guidelines, Swasthya will comprise an NPS investment account and a separate super top-up health insurance policy, with the insurance cover mandatory for enrolment. The pension account and insurance policy will remain legally and operationally separate. The Pension Fund Regulatory and Development Authority (PFRDA)…