Two routes to retirement income and how they differ.
NPS in brief
A regulated, low-cost scheme with market-linked funds and rules on annuity purchase on exit.
Insurance pension plans
May offer guarantees and cover but with different cost structures.
Rules change
Check the latest NPS exit rules before deciding.
A blended approach
Many people use both, plus separate investments.
Key takeaway. Choose by guarantees you value, costs and flexibility.
General information only; not personal advice. Rules and limits change, so verify current details. Last updated October 2026.