What NPS' new asset allocation, withdrawal options mean for you
Last Update Date: 05-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar said the annuity surrender rule gives families in distress a needed safety net, but cautioned that it should be a last resort. He advised checking that the illness meets policy terms and reviewing charges and taxes first.
More of Abhishek's views on retirement
The article explains PFRDA's new Retirement Income Scheme for the withdrawable part of the NPS corpus, its life-cycle asset mix, and two drawdown options: a systematic payout rate and systematic unit redemption. It also covers new rules allowing annuity surrender in case of critical illness.
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What NPS' new asset allocation, withdrawal options mean for you