Stories
NPS Swasthya Goes Live: Medi Assist Named First Health Benefit Administrator
- •PFRDA officially launches NPS Swasthya into its operational framework, appointing Medi Assist as the inaugural Health Benefit Administrator (HBA).
- •NPS Swasthya, initially a proof of concept, allows subscribers to withdraw up to 25% of their contributions for eligible healthcare expenses with no cap on withdrawals or waiting periods.
- •Medi Assist will provide the digital infrastructure, including the MAven app, for subscribers, healthcare providers, CRAs, pension funds, and insurance companies.
- •The HBA will coordinate health-benefit administration and claims services between pension funds and insurance companies.
- •Subscribers can access a single point of contact for grievance redressal through PFRDA's Pension Sahayak platform.
Key Questions Answered
The Pension Fund Regulatory and Development Authority (PFRDA) moved NPS Swasthya into its operational framework, formally launched on October 1, 2026, by Sanjay Lohia. Medi Assist was appointed as the first Health Benefit Administrator (HBA) to provide the necessary digital infrastructure for the initiative.
Subscribers can withdraw up to 25% of their own contributions for eligible inpatient and outpatient healthcare expenses. There is no cap on the number of withdrawals or any minimum waiting period between them.
Medi Assist provides digital infrastructure through its MAven app, which is integrated with the Central Recordkeeping Agency (CRA) API. This allows subscribers to easily access their NPS and NPS Swasthya account information and health benefits.
