NPS Swasthya: a health savings fund plus top-up cover (opens the source in a new tab)
- The pension regulator PFRDA launched NPS Swasthya on 1 October: a healthcare investment account bundled with a mandatory super top-up group health policy.
- Cover can be bought from 18 to 70 and renewed to 85, with no medical tests; a ₹30 lakh cover with a ₹3 lakh deductible costs ₹1,732 a year at 18–40 and ₹4,953 at 61–70.
- Joining needs ₹1,000, a ₹200 yearly administrator fee and the first premium; the corpus can pay the deductible or network outpatient bills, but withdrawals are capped at 25% of contributions.
- ₹1,732
- ₹30L cover/yr, age 18–40
- Up to 70
- entry age for cover
Why it matters Entry up to 70 without medical tests could help older buyers who struggle to get cover.
Other side Pre-existing diseases wait a year, about 15 serious illnesses may be excluded or cost extra, and like-for-like price comparisons are hard. The real test is how claims are handled.
Source:Mint (free to read) ↗