Retail NPS – Joining Procedure of Retail NPS and how does it work
As per McKinsey India Life Insurance 2012 Report Out of the average Indian life span of 80 years, a minimum of 20 years is spent without steady earnings. Due to medical advancement and increase in quality of life, this is going to increase further. And it requires prudent and systematic investment during our working years to manage it.
Retail NPS helps subscribers accumulate corpus for their post retirement years.
Who can join Retail NPS?
Age: 18 to 70 years
Indian citizen, including NRI & OCI
Compliant with KYC norms
How does Retail NPS work?
Retail NPS industry updates
> 4 lakh
New subscribers have joined NPS in FY 2020-21
> 17 lakh
Total Retail NPS Subscribers
> 24,000 Crore
Total Retail NPS AUM