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 at present?”
The NPS is a market-linked retirement product. The contributions are outlined, however the advantages will not be 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 alter not less than annually. 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’ll find the precise annuity fee in your circumstances by way of the NPS Annuity Quote Generator. Additionally, be aware that the charges could change from once you compute them to once you buy!
AnnuityChoices accessible:
Joint Life Annuity with out ROP – The subscriber will get an annuity for all times. After this, the partner will get the annuity for all times.
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 provide you with particular charges for NPS subscribers quickly. As talked about above, this will simply be achieved if NPS subscribers should buy authorities bonds.
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