PFRDA - Pension Fund Regulatory & Development Authority for NPS
The Pension Fund Regulatory & Development Authority Act was passed on 19th
September, 2013 and the same was notified on 1st February, 2014.
PFRDA is regulating NPS, subscribed by employees of Govt. of India, State Governments and by
employees of private institutions/organizations & unorganized sectors.
Trustee Bank
Trustee Bank is an intermediary responsible for the day-to-day flow of
funds and banking facilities in accordance with the guidelines/ directions issued by the Authority
under NPS. It receives NPS funds from all Nodal Offices and transfers the same to the Pension Funds
/ Annuity Service Providers/other intermediaries as per the operational guidelines. Axis Bank has
been appointed by PFRDA to function as Trustee Bank’.
Custodian
Stock Holding Corporation of India Ltd. (SCHIL) has been appointed by
PFRDA to function as “The Custodian and Depository Participant” to NPS Trust and to provide
custodial services for securities in physical form and Depository Participant services for
securities in Demat mode.
Annuity Service provider (ASPs)
Below Annuity Service Providers (ASPs) are registered under NPS :
-
Aditya Birla SunLife Insurance Company
Limited
-
Bajaj Allianz Life Insurance Company
Limited
-
Canara HSBC Life
Insurance Company Limited
-
Edelweiss Tokio Life Insurance Company
Limited
-
HDFC Life Insurance Company Limited
-
ICICI Prudential Life Insurance Company
Limited
-
IndiaFirst Life Insurance Company Limited
-
Kotak Mahindra Life Insurance Company
Limited
-
Life Insurance Corporation of India
-
Max Life Insurance Company Limited
-
PNB Metlife India Insurance Company Limited
-
SBI Life Insurance Company Limited
-
Star Union Dai-ichi Life Insurance Company
Limited
-
Tata AIA Life Insurance Company Limited
- Their functions are providing Annuity/Pension which are described as follows
-
Receipt of funds from Trustee Bank and
instructions from CRA, for investment in annuity for
subscribers, on withdrawal
-
Maintaining annuity scheme with the
subscribers thereafter (monthly payouts, queries etc)
-
Please click here to view
the indicative pension (annuity) amount subscriber can receive.
Aditya Birla SunLife Insurance Co. Ltd.
- ASP Name:Aditya Birla SunLife Insurance Co. Ltd.
- Address 16th Floor, One World Centre Tower 1,
- Jupiter Mill Compound, 841 Senpati Bapat Marg,
- Elphiston, Mumbai - 400013
- Contact Details: Shailendra Kothavale,2261881044,9892068898
- Sachin Patwardhan,2261881044,9769440054
- Email:shailendra.kothavale@adityabirlacapital.com,
sachin.patwardhan@adityabirlacapital.com
Bajaj Allianz Life Insurance Co. Ltd.
- ASP Name:Bajaj Allianz Life Insurance Co. Ltd.
- Address Bajaj Allianz House, Airport Road,
- Yerawada, Pune,
- Maharashtra, PIN Code- 411006
- Contact Details: Anil Verma, 02066026789
- Email:Anil.Verma@bajajallianz.co.in
Canara HSBC Life Insurance Co. Ltd.
- ASP Name:Canara HSBC Life Insurance Co. Ltd.
- Address CANARA HSBC Life Insurance Company Limited,
- Orchid Business Park, 2nd Floor, Sector -48, Sohna Road,
- Gurugram, 122 018, Haryana
- Contact Details: Vikas Gupta, 0124-4535500
- Email:Compliance@canarahsbclife.in
Edelweiss Tokio Life Insurance Co. Ltd.
- ASP Name:Edelweiss Tokio Life Insurance Co. Ltd.
- Address 4th Floor, Tower 3, Wing B,
- Kohinoor City, Kirol Road, Kurla (W),
- Mumbai, Maharashtra, India, 400070
- Contact Details: Benu Singhal(Senior Manager), 9584055786
- Email:benu.singhal@edelweisstokio.in
HDFC Life Insurance Co. Ltd
- ASP Name: HDFC Life Insurance Co. Ltd
- Address: HDFC Life, 11th Floor, Lodha Excelus, Apollo Mill Compounds,
- N M Joshi Marg, Mahalakshmi, Mumbai - 400011.
- Customer Service Helpline: 08916687777
- TIMING : 10 AM TO 7PM (MONDAY - SATURDAY)
- Email: npsannuity@hdfclife.com
- Please click
here to view the Location-wise ASP official details
ICICI Prudential Life Insurance Co. Ltd
- ASP Name: ICICI Prudential Life Insurance Co. Ltd
- Address: ICICI Prudential Life Insurance Company,
- ICICI Prulife Towers, 1089 Appasaheb Marathe Marg,
- Prabhadevi, Mumbai- 400025
- Contact Details: North Zone : Mohit Vats, 9910643310
- West Zone : Abhimanyu Patil, 7875518916
- South Zone : Paawan Dayaramani, 8827824160
- East Zone : Mukesh Kumar, 9999078665
- Central Zone : Vishal Pradhan, 022-62955609
- Email: mukesh.kr@iciciprulife.com, abhimanyu.patil@iciciprulife.com,
1.mohit@iciciprulife.com,
- paawan.dayaramani@iciciprulife.com, npsannuity@iciciprulife.com
- Please click
here to view the Location-wise ASP official details
IndiaFirst Life Insurance Co. Ltd.
- ASP Name:IndiaFirst Life Insurance Co. Ltd.
- Address 12th and 13th Floor, North [C] wing, Tower 4,
- Nesco IT Park, Nesco Center, Western Express Highway,
- Goregaon (East), Mumbai – 400063
- Contact Details: Maneesh Mishra, 022-68570552
- Email:maneesh.mishra@indiafirstlife.com
- Please click here to view the Location-wise ASP official details
Kotak Mahindra Life Insurance Co. Ltd.
- ASP Name:Kotak Mahindra Life Insurance Co. Ltd.
- Address Kotak Life Insurance Limited , 7th Floor, Zone 1,
- Kotak Infinity Tower 21, Off Western Express Highway ,
- Malad (East), Mumbai 400097
- Contact Details: Toll Free No. : 1800 209 8800
- Deepak Gupta – 022-66057369
- Trupti Boraste – 022-66057514
- Email:kli.nps@kotak.com, trupti.boraste@kotak.com, gupta.deepak@kotak.com,
- Please click here to view the Location-wise ASP official details
Life Insurance Corporation of India
- ASP Name: Life Insurance Corporation of India
- Address: Life Insurance Corporation of India, Digital Marketing Department,
- LIC-Digital Building (6th Floor), Plot no.C-10, 'G' Block,Bandra-Kurla Complex,
- Bandra (East),Mumbai – 400 051 (Maharashtra)
- Ph. 022-26545011 / 022-26545012.
- Contact Details: 1. Sri. Bharat Kumar Gupta, Admn. Officer (Digital Marketing),
- Phone:022-26545011
- Alternate number:022-26545012
- Escalations (if any): 2. Sri. Mahesh Chandra Bharati, Dy.Secretary (Digital Marketing),
- Phone:022-26545005
- Email: licnps@licindia.com
- Please click
here to view the Location-wise ASP official details
Max Life Insurance Co. Ltd.
- ASP Name:Max Life Insurance Co. Ltd.
- Address 3rd, 11th, 12th Floor DLF Square Building,
- Jacaranda Marg, DLF Phase - 2,
- Gurgaon, Haryana 122002
- Contact Details: Karan Mehra - 0124-4121500
- Email:nps.annuity@maxlifeinsurance.com
- Please click here to view the Location-wise ASP official details
PNB Metlife India Insurance Co. Ltd.
- ASP Name:PNB Metlife India Insurance Co. Ltd.
- Address 1st Floor Techniplex - 1,
- Techniplex Complex, Off Veer Savarkar Flyover,
- Goregaon West. Mumbai 400062
- Contact Details: Krishnendu Bhunia
- Email:india_nps.annuity@pnbmetlife.com
SBI Life Insurance Co. Ltd
- ASP Name: SBI Life Insurance Co. Ltd (Hindi)
- Address: SBI Life Insurance Co Ltd, New Business Department,
- Central Processing Centre, Seawoods Grand Central, Tower 2,
- 8th Level, Plot No. R-1, Sector 40, Seawoods,
- Nerul Node, Navi Mumbai - 400 706.
- Contact Details: 1800 22 5354
- Email: online.cell@sbilife.co.in
- Please click
here to view the Location-wise ASP official details
Star Union Dai-ichi Life Insurance Co. Ltd
- ASP Name:Star Union Dai-ichi Life Insurance Co. Ltd
- Address Star Union Dai-ichi Life Ins. Co Ltd, Raghuleela Arcade,
- 11th Floor, IT Park,Sector 30A, Vashi,
- Navi Mumbai - 400703, # 022 3954 6300, Toll Free No:1800 200 8833
- Contact Details: Ms. Debasmita Guru (Manager) Ph - 022-39472807
- Ms. Shabana Shaikh (Senior Manager) Ph - 022-39546246
- Email:debasmita.guru@sudlife.in, shabana.shaikh@sudlife.in
- Please click here to view the Location-wise ASP official details
Tata AIA Life Insurance Co. Ltd.
- ASP Name:Tata AIA Life Insurance Co. Ltd.
- Address 14th floor, Tower A, Peninsula business park,
- sanapati bapat marg, lower parel,
- Mumbai 40013
- Contact Details: Mr. Mahesh Wahatule, 9922076111
- Email:NPS@tataaia.com
- Preet Agarwal (North & East) – 8687711011
- Mahesh Wahatule (West & South) – 9922076111
NPS Trust
Oversight and regulation of TB, PFMs and Custodian
The National Pension System Trust was established by PFRDA on 27th February, 2008 with the execution
of the NPS Trust Deed. The NPS Trust has been set up and constituted for taking care of the assets
and funds under the National Pension System (NPS) in the interest of the beneficiaries
(subscribers). Individual NPS subscribers shall be the beneficiaries of the NPS Trust. The NPS funds
are managed by the Board of Trustees to realize and fulfill the objectives of the NPS Trust in the
exclusive interest of the Subscribers.
Retirement Advisor
“Retirement adviser” means any person being an individual, registered
partnership firm, body corporate, or any registered trust or society, who desires to engage in the
activity of providing advice on National Pension System or other pension scheme regulated by PFRDA
to prospects/subscribers or other persons or group of persons and is registered as such under PFRDA
(Retirement Adviser) Regulations, 2016.
Retirement advisers registered under NPS:
For online registration as Retirement Advisers under National Pension System (NPS) Click here
For more details on Online Retirement Adviser registration, please visit
our FAQ section.