NPS annuity surrender rules ease so critical illness and older policies can exit

Critical illness cases now qualify for annuity surrender

PFRDA has relaxed National Pension System annuity surrender rules. Subscribers who are dealing with critical illness can now request surrender. The regulator also allows exit under certain conditions for older annuity contracts that include an express surrender clause, giving policyholders more flexibility than before and changing how late-stage liquidity works in NPS.