The Pension Fund Regulatory and Development Authority of India ( PFRDA ) on Friday and National Pension System ( NPS ) subscribers will now be allowed partial withdrawal for covering expenses related to treatment of Covid-19.
In a circular addressed to all stakeholders and subscribers under the nPS PFRDA said. " In view of the decision fo teh Government of India which has declared Covid-19 as pandemic, it has been decided to declare Covid-19 as a critical illness which is life threatening in nature."
The partial withdrawal shall be permitted to fulfil financial needs of the subscribers, if rquired to him / her against the request placed for partial withdrawals towards treatment of the illness of subscriber, his legally wedded spouse, children, including a legally adopted child or dependent parents, as per the regulations , PFRDA said in the circular.
In a circular addressed to all stakeholders and subscribers under the nPS PFRDA said. " In view of the decision fo teh Government of India which has declared Covid-19 as pandemic, it has been decided to declare Covid-19 as a critical illness which is life threatening in nature."
The partial withdrawal shall be permitted to fulfil financial needs of the subscribers, if rquired to him / her against the request placed for partial withdrawals towards treatment of the illness of subscriber, his legally wedded spouse, children, including a legally adopted child or dependent parents, as per the regulations , PFRDA said in the circular.
