Finance
Mr. BillionhairPension Savings and Health Insurance: A Tremendous Combo!
Listen up, folks! The Pension Fund Regulatory and Development Authority is making waves! They're combining your retirement savings with health insurance—up to 30% for your medical needs! ICICI, Axis, Tata—big names testing this fantastic idea. Get ready for cheaper insurance and faster claims. It's gonna be tremendous, believe me!
few days ago | Sunainaa Chadha
Quick rundown
1.NPS may soon offer a combo of pension savings and healthcare protection.
2.PFRDA's 'Swasthya' initiative encourages saving for medical expenses in retirement.
3.Up to 30% of pension savings could be earmarked for healthcare needs.
4.ICICI, Axis, and Tata groups are experimenting with bundled pension products.
5.Efforts are underway to sustain double-digit returns and explore alternative investments.
