PFRDA proposes tweaks in NPS subscribers rule: Here's what could change

The Pension Fund Regulatory and Development Authority (PFRDA) is in talks with the Insurance Regulatory and Development Authority of India (IRDAI) to let NPS subscribers port their annuity plans

National Pension System (NPS) pensioners will soon be able to port their annuity plans. The Pension Fund Regulatory and Development Authority (PFRDA) is in talks about the same with the Insurance Regulatory and Development Authority of India (IRDAI). 

If the proposal is accepted, NPS pensioners would be able to change their pension policies. Thus, if an NPS pensioner is not happy with the current annuity rate being offered by pension providing insurance firm, then the person would be allowed to switch to another plan offered by a different life insurance company. 

"We have held discussions with IRDAI and also