| Vesting Criteria |
Benefits |
| On Attending 60 years |
• Max. 60% of the pension wealth can be withdrawn in lumpsum.
• Alternatively subscriber can withdraw in maximum 10 annual installments up to age 70 yrs.
• Min. 40% of pension wealth to be compulsarily used to purchase annuity.
|
| Anytime before the age 60 years |
• Max. 20% of the pension wealth can be withdrawn in lumpsum.
• Min. 80% of pension wealth to be compulsarily used to purchase annuity.
|
| Death due to any cause |
• Nominee receives 100% of the pension wealth.
• If nominee wishes he/she can subscribe to NPS individually.
|