What pension will I get from NPS if I exit immediately?


A reader asks, “What are the present NPS Annuity Charges? How can I discover the pension I’ll get for my corpus if I exit immediately?”

The NPS is a market-linked retirement product. The contributions are outlined, however the advantages usually are not as a result of the ultimate corpus depends upon market circumstances. The NPS subscriber should purchase an annuity from an insurer at exit with not less than 40% of the corpus. The NPS common has a number of choices, mentioned right here:

On this article, we focus solely on the annuity charges. Annuity charges are topic to vary not less than yearly. They depend upon the age of the NPS subscriber and partner and the corpus allotted for buy. The annuity charges proven listed below are as of thirtieth March 2024. You will discover the precise annuity price on your circumstances by way of the NPS Annuity Quote Generator. Additionally, word that the charges could change from once you compute them to once you buy!

Annuity Choices obtainable:

We will solely present the joint life annuity with and with out ROP.

Month-to-month annuity charges for a 60-year-old subscriber with a 58-year-old partner and with a 50 Lakhs buy value

Annuity Service Supplier Joint Life Annuity  (With ROP)   ₹ Joint Life Annuity  (With out ROP)   ₹
Aditya Birla Solar Life Insurance coverage Co. Ltd 29,861 (7.17%) 31,891 (7.65%)
Bajaj Allianz Life Insurance coverage Co. Ltd 29,386.10 (7.05%) 27,559.94 (6.61%)
Canara HSBC Life Insurance coverage Co. Ltd. 26,846 (6.44%) Not Relevant
Edelweiss Tokio Life Insurance coverage Co. Ltd 23,493 (5.64%) 27,147 (6.52%)
HDFC Life Insurance coverage Co. Ltd 28,480 (6.84%) 31,840 (7.64%)
ICICI Prudential Life Insurance coverage Co. Ltd 29,099 (6.98%) 27,001 (6.48%)
IndiaFirst Life Insurance coverage Co. Ltd 29,081.63 (6.98%) 29,545.83 (7.09%)
Kotak Mahindra Life Insurance coverage Co. Ltd 28,510 (6.84%) 31,024 (7.45%)
Life Insurance coverage Company of India 28,834 (6.92%) 32,954 (7.91%)
MAX Life Insurance coverage Co. Ltd 29,000 (6.96%) 32,212 (7.73%)
PNB Metlife India Insurance coverage Co. Ltd 25,786.64 (6.19%) 29,044.04 (6.97%)
SBI Life Insurance coverage Co. Ltd 28,500.0 (6.84%) 30,900.0 (7.42%)
Shriram Life Insurance coverage Co. Ltd. 29,184.00 (7.00%) 34,004.00 (8.16%)
Star Union Dai-ichi Life Insurance coverage Co. Ltd 26,169 (6.28%) 30,925 (7.42%)
TATA AIA Insurance coverage Co. Ltd 28,898 (6.94%) 27,937 (6.70%)

Month-to-month annuity charges for a 60-year-old subscriber with a 58-year-old partner and with 100 Lakhs buy value

Annuity Service Supplier Joint Life Annuity  (With ROP)   ₹ Joint Life Annuity   (With out ROP)   ₹
Aditya Birla Solar Life Insurance coverage Co. Ltd 59,777 (7.17%) 63,844 (7.66%)
Bajaj Allianz Life Insurance coverage Co. Ltd 58,772.20 (7.05%) 55,119.88 (6.61%)
Canara HSBC Life Insurance coverage Co. Ltd. 53,692 (6.44%) Not Relevant
Edelweiss Tokio Life Insurance coverage Co. Ltd 46,986 (5.64%) 54,293 (6.52%)
HDFC Life Insurance coverage Co. Ltd 56,960 (6.84%) 63,680 (7.64%)
ICICI Prudential Life Insurance coverage Co. Ltd 58,197 (6.98%) 54,001 (6.48%)
IndiaFirst Life Insurance coverage Co. Ltd 58,163.26 (6.98%) 59,091.66 (7.09%)
Kotak Mahindra Life Insurance coverage Co. Ltd 57,021 (6.84%) 62,047 (7.45%)
Life Insurance coverage Company of India 57,877 (6.95%) 66,117 (7.93%)
MAX Life Insurance coverage Co. Ltd 58,000 (6.96%) 64,424 (7.73%)
PNB Metlife India Insurance coverage Co. Ltd 51,573.28 (6.19%) 58,088.07 (6.97%)
SBI Life Insurance coverage Co. Ltd 57,087.0 (6.85%) 61,885.0 (7.43%)
Shriram Life Insurance coverage Co. Ltd. 58,772.00 (7.05%) 68,411.00 (8.21%)
Star Union Dai-ichi Life Insurance coverage Co. Ltd 52,337 (6.28%) 61,850 (7.42%)
TATA AIA Insurance coverage Co. Ltd 57,796 (6.94%) 55,893 (6.71%)

The regulator needs to give you particular charges for NPS subscribers quickly. As talked about above, this could simply be achieved if NPS subscribers can purchase authorities bonds.

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