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7 March 2014

NPS (CPS) Annuity service providers

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

Cir no: PFRDA/ 2013/2/ PDEX / 2 January 22, 2013 SL-6

PFRDA has issued necessary instructions to CRA with respect to the Empanelment of Annuity Service Providers (ASPs) under National Pension System for providing annuity services. The said information is being re-iterated hereunder for the information of all stakeholders for a better appreciation of the matter.
Following seven Annuity Service Providers (ASPs) have been empanelled for the purpose.
  1. LifeInsuranceCorporationofIndia
  2. SBILifeInsuranceCo.Ltd.
  3. ICICIPrudentialLifeInsuranceCo.Ltd.
  4. Bajaj Allianz Life Insurance Co. Ltd.
  5. Star Union Dai-ichi Insurance Co. Ltd.
  6. RelianceLifeInsuranceCo.Ltd.
  7. HDFC Standard Life Insurance Co. Ltd.
The companies would be offering their approved annuity products to NPS subscribers and would also designing products suiting our requirements.
Sd/
Venkateswarlu Peri General Manager