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How to choose the right annuity plan in NPS?

Compulsory annuitisation under NPS is an essential requirement for novice senior citizens. Before buying the annuity, a NPS subscriber has to assess his future financial needs, available annuity and payout options and also review the terms and conditions of the annuity contract, experts say.
70% of NPS annuity subscribers choose single life policy to pass on principal to nominee: PFRDA

According to the Handbook of NPS 2023, over 1,09,344 subscribers opted for annuity plans at the time of superannuation/exit since the launch of the National Pension System. Of them, 70 percent chose the Annuity for Life with Return of Purchase Price plan.

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Nps Annuity

How to choose the right annuity plan in NPS?

70% of NPS annuity subscribers choose single life policy to pass on principal to nominee: PFRDA