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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 the moment?”
The NPS is a market-linked retirement product. The contributions are outlined, however the advantages should not as a result of the ultimate corpus is determined by market situations. The NPS subscriber should purchase an annuity from an insurer at exit with at the very least 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 at the very least annually. They rely upon the age of the NPS subscriber and partner and the corpus allotted for buy. The annuity charges proven listed here are as of thirtieth March 2024. You could find the precise annuity charge in your circumstances by way of the NPS Annuity Quote Generator. Additionally, observe that the charges might change from while you compute them to while 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 may simply be achieved if NPS subscribers should buy authorities bonds.
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