PFRDA ropes in private partners to push NPS Swasthya

The Pension Fund Regulatory and Development Authority (PFRDA) launched the second proof of concept (under regulatory sandbox) of NPS Swasthya, an initiative intended to provide healthcare funding along with retirement planning.

The initiative, which was launched in Bengaluru on April 8 in partnership with some private insurance companies, would address a growing gap in India’s retirement landscape, where healthcare costs are projected to rise by 11.5%–14% in 2026, significantly outpacing inflation and putting long-term financial security under pressure for millions, according to industry experts.