Updated Jan 20, 2021 | 07:14 IST
For all NPS subscribers, it is compulsory to purchase an annuity product from listed ASPs at the time of superannuation and pre-mature exit NPS subscriber? Know about the four annuity schemes available under NPS
New Delhi: An annuity refers to the monthly payment that you will receive as a subscriber from the Annuity Service Provider (ASP) after your exit from the National Pension Scheme (NPS). Annuity Service Provider is an Insurance Regulatory and Development Authority (IRDA) registered insurance company listed by the Pension Fund Regulatory and Development Authority (PFRDA) for providing of Annuity Services to NPS subscribers upon their exit from the system.