Letter – Notice – Message
– Order – Circular – Notification – Gazette | |
Nation/State | Government
of India |
Ministry | Ministry of Health & Family
Welfare |
Department | Central
Government Health Scheme |
Subject | List of Empanelment Hospitals Under
CGHS Mumbai |
No. | |
Date | 17.04.2017 |
Link | |
Letter – Notice – Message
– Order – Circular – Notification – Gazette | |
Nation/State | Government
of India |
Ministry | Ministry of Health & Family
Welfare |
Department | Central
Government Health Scheme |
Subject | List of CGHS Empanelled
Hospitals/Diagnostic Centers, Allahabad |
No. | |
Date | 05.05.2017 |
Link | |
Letter – Notice – Message
– Order – Circular – Notification – Gazette | |
Nation/State | Government
of India |
Ministry | Ministry of Health & Family
Welfare |
Department | Central
Government Health Scheme |
Subject | Updated list of HCOs at CGHS, Jaipur |
No. | |
Date | 23.02.2017 |
Link | |
Letter – Notice – Message
– Order – Circular – Notification – Gazette | |
Nation/State | Government
of India |
Ministry | Ministry of Health & Family
Welfare |
Department | Central
Government Health Scheme |
Subject | NAME OF
EMPANNELED HOSPITAL CGHS, BHUBANESWAR |
No. | |
Date | |
Link | |
Letter – Notice – Message
– Order – Circular – Notification – Gazette | |
Nation/State | Government
of India |
Ministry | Ministry of Health & Family
Welfare |
Department | Central
Government Health Scheme |
Subject | EMPANELED
HOSPITALS/DIAGNOSTIC IMAGING CENTERS/ EXCLUSIVE
DENTAL/EYE CLINICS |
No. | |
Date | |
Link | |
Letter – Notice – Message
– Order – Circular – Notification – Gazette | |
Nation/State | Government
of India |
Ministry | Ministry of Health & Family
Welfare |
Department | Central
Government Health Scheme |
Subject | CGHS Kolkata Empaneled Hospitals as
on 31.8.2017 |
No. | |
Date | 23.02.2017 |
Link | |
Letter – Notice – Message
– Order – Circular – Notification – Gazette | |
Nation/State | Government
of India |
Ministry | Ministry of Health & Family
Welfare |
Department | Central
Government Health Scheme |
Subject | Consolidated
list of EMPANELED HOSPITALS under cghs |
No. | |
Date | |
Link | |
Question | Answer | ||||||||
1. What is an exit? |
An exit is defined as closure of individual pension
account of the subscriber under National Pension
System. | ||||||||
2. When can I exit from NPS? |
A subscriber can exit from NPS at any point but complete
withdrawal is subject to certain conditions. | ||||||||
3. Whether pre-mature exit and voluntary retirement are
same or not? |
Yes, under NPS both are same Pre-mature exit is defined
under NPS as exit re the superannuation/retirement age. Under NPS, Voluntary
retirement is treated as pre-mature exit.
However, eligibility & terms of Voluntary retirement
are defined/governed by service rules and regulations of the respective
organization. | ||||||||
4. What shall be my benefits, if I opt for pre-mature
exit from' NPS? |
Pre-mature exit or Voluntary retirement-
Minimum Annuitization- 80% of accumulated wealth.
Maximum Lump Sum Withdrawal- 20% of accumulated
wealth.
If the accumulated pension wealth of the subscriber is
equal to or less than one lakh rupees or a limit to be specified by the
Authority, such subscriber shall have the option to withdraw the entire
accumulated pension wealth without purchasing any annuity. | ||||||||
5. What shall be my benefits, if I retire/
superannuate from NPS? |
Minimum Annuitisation- 40% of accumulated wealth
Maximum Lump Sum Withdrawal- 60% of accumulated wealth.
The Subscriber may choose to purchase an annuity for an
amount greater than 40 percent also.
If the accumulated pension wealth of the subscriber is
equal to or less than two lakh rupees, or a limit to be specified by the
Authority, such subscriber shall have the option to withdraw the entire
accumulated pension wealth without purchasing any annuity. | ||||||||
6. What are the provisions to settle the cases in the
unfortunate death of the NPS subscriber during the service? |
As per Office Memorandum No. 38/41/06/P&PW (A dated 05
05.2009, the central government subscribers covered under NPS are eligible
for family pension in case of death / disability during the service. If the
family member opts for family pension, as per regulations all the accumulated
wealth shall be transferred to the bank account of the nodal office for
further settlement as per government directives.
However, our exit regulations say ( not applicable as
mentioned above ) :
Minimum Annuitisation- 80% of accumulated wealth.
Maximum Lump Sum Withdrawal- 20% of accumulated wealth.
If the accumulated pension wealth of the subscriber is
equal to or less than two lakh rupees, or a limit to be specified by the
Authority, such nominees/legal heirs shall have the option to withdraw the
entire accumulated pension wealth without purchasing any annuity. | ||||||||
7. What are the provisions to settle the cases in the
unfortunate death of the NPS subscriber during the service and no nomination
has been provided in the account? |
Where no valid nomination exists in accordance with these
regulations, at the time of exit of such subscriber on account of death, the
nomination if any existing in the records of such subscriber with his or her
employer for the purpose of receiving other admissible terminal benefits
shall be treated as nomination exercised for the purposes of receiving
benefits under the National Pension System. The employer shall send a
confirmation of such nomination in its records, to the National Pension
System Trust or the central recordkeeping agency, while forwarding the claim
for processing. | ||||||||
8. Can I defer my lump sum in case of pre-mature exit
from the system? |
No | ||||||||
9. Can I defer my lump sum in case of retirement
superannuation? If yes, what are the provisions and requirements
to avail this facility? |
Yes.
The lump sum can be deferred till the age of 70 years
which can be withdrawn at any time between superannuation and 70 years of age
or every year till age of 70 years. The subscriber has to give in writing
(intimation to the employer) in the specified form at least fifteen days
before the attainment of age of superannuation and same should be authorized
by the associated Nodal office in the CRA system. If deferment is availed by
the subscriber, subscriber has to bear the maintenance charges like CRA, PFM
etc. | ||||||||
10. Can I defer my annuity at the time of
retirement/superannuation? yes, what are the provisions? |
Yes
Annuity purchase can also be deferred for maximum period
of 3 years. The subscriber has to give in writing (intimation to the
employer) at least fifteen days before the attainment of age of
superannuation and same should be authorized by the associated Nodal office
in the CRA system.
If the death of the subscriber occurs before such due date
of purchase of an annuity after the deferment, the annuity shaft mandatorily
be purchased by the spouse. | ||||||||
11. Can I defer both lump sum and annuity at the time
of retirement/superannuation? |
Yes | ||||||||
12. Can I keep on contributing in my Tier-I -account
even after retirement / superannuation? |
Yes. The Subscriber shall have the option to do so by
giving in writing and up to which age he would like to contribute to his
individual pension account but not exceeding seventy years of age.
In such scenario, subscriber has to shift his/her PRAN to
any POP or e-NPS. Nodal office shall not assist in uploading of contribution
after the date of superannuation. Subscriber has to operate account in
his/her individual capacity only.
Such option shall be exercised at least fifteen days prior
to the age of attaining sixty years or age or superannuation, as the case may
be, and same should be authorized by the associated Nodal office in the CRA
system.
Subscriber has to bear the maintenance charges like PoP,
CRA, PFM etc. | ||||||||
13. I continue my Tier-I account even after retirement
/ superannuation, Can I avail the facility of deferment of lump sum and
annuity during the extended period? |
No, Upon exercise of the option of continuation after the
superannuation, the other options of deferment of benefits (lump sum and
annuity) shall not be available to such a subscriber. | ||||||||
14. Can terminate my extension any time before the
attaining the age of 70 years or I have to continue the Tier -1 till the age
of 70 years? |
Even after exercise of such option, the subscriber may
exit at any point of time from National Pension System, by submitting a
withdrawal request as prescribed. | ||||||||
15. Who shall bear the transaction and other charges,
if I avail the facility of continuation of Tier-I account after the
retirement / superannuation? |
Subscriber has to bear all the applicable charges
including maintenance charges like POP, CRA, PFM etc., if he avails such
facility. | ||||||||
16. Can I continue my Tier-2 account after the closure
of Tier -1 account? |
No.
Upon exit from Tier 1 account, the Tier 2 account gets
closed automatically. | ||||||||
17. Can I continue my Tier -2 account, if decide to
continue Tier-I account even after the retirement / superannuation? |
Yes.
A subscriber can contribute to his Tier 2 account till the
time he has an active Tier 1 account. | ||||||||
18. What is annuity? |
An annuity is a product that pays out regular income. It
is a contract for deferred payment. The main objective of an annuity is to
give regular income to the subscriber even after retirement/working age. | ||||||||
19. In case of pre-mature exit, when will my annuity
start i.e. immediately or after the age of 60 years? |
Annuity starts immediately after the minimum age required
for purchasing any annuity (depending upon choice of ASP and Annuity scheme.
For e.g. 30, 35 or 38) from any of the empaneled annuity service providers.
Subscriber need not wait till the age of 60 years. | ||||||||
20. What are the annuity options available to me under
NPS? |
The following are the most common variants that are
available:
a) Default scheme: Annuity for life of the subscriber and
his or her spouse (if any) with provision for return of purchase price of the
annuity- After the demise of such subscriber, the annuity will be re-issued
to the family members in the order specified hereunder:
(a) living dependent mother,
(b) living dependent father.
After the coverage of all the family members specified
above, the purchase price shall be returned to the surviving children of the
subscriber and in the absence of children, the legal heirs of the subscriber,
as may be applicable.
If subscriber does not want to purchase default annuity
scheme, he may choose any of the following schemes:
b) Annuity for life with return of purchase price (amount,
given to annuity service provider) on death– Employee shall get annuity
(monthly pension) till he/she is alive and payment of annuity ceases on the
death and the purchase price is returned to the nominee.
c) Annuity guaranteed for 5, 10, 15 or 20 years and for
life thereafter • On death during the guaranteed period — Employee shall
get annuity and after his/her death during the guaranteed period, annuity is
paid to the nominee till the end of the guaranteed period after which the
same ceases and no return of purchase price to the nominee. • On death after the guarantee period — Employee shall get
payment of annuity till he/she is alive even after the guaranteed period and
annuity ceases after his/her death and no return of purchase price to
nominee.
d) Annuity for life – Employee shall get payment of
annuity till he/she is alive & payment of annuity ceases on death and no
return of purchase price to nominee.
e) Annuity for life increasing at simple rate of 3% p.a.
Employee shall get payment of annuity till he/she is alive & payment of
annuity ceases on death and no return of purchase price to nominee.
f) Annuity for life with a provision for 50% of the
annuity to the spouse of the annuitant for life on death of the annuitant–
Payment of annuity ceases on death of subscriber and 50% of the annuity is
paid to the surviving named spouse during his/her life time. If the spouse
predeceases the annuitant, payment of annuity will cease after the death of
the annuitant. It can be with or without return of purchase price.
g) Annuity for life with a provision of 100% of the
annuity payable to spouse during his/her lifetime on death of the annuitant.
– Payment of annuity ceases after death of the annuitant and full annuity is
payable to the surviving named spouse during his/her life time. If the spouse
predeceases the annuitant, the annuity ceases after death of the annuitant.
It can be with or without return of purchase price.
Subscriber can also add spouse in any of the variants
(other than default) above.
All ASPs may not provide all the variants. It may vary
from ASP to ASP.
Pricing of annuity also varies ASP to ASP. | ||||||||
21. Whether I have to go by the default annuity or I
have a choice to decide other annuity type also? |
The subscriber can choose any other annuity, other than
default annuity, available with the empaneled Annuity Service Providers
(ASPs). | ||||||||
22. Where can I check the rates offered by the annuity
service providers on various type of annuities? |
Details of annuity rates and other details may be checked
on CRA website (link given below). https://www.npscra.nsdl.co.in/annuity-serviceproviders.php | ||||||||
23. Can I change my annuity service provider or annuity
type any time? |
Once an annuity is purchased, the option of cancellation
or reinvestment with another Annuity Service Provider or in other annuity
scheme shall not be allowed unless the same is within the time limit
specified by the Annuity Service Provider, for the free look period as
provided in the terms of the annuity contract or specifically provided by the
Insurance Regulatory and Development Authority. | ||||||||
24. What functions are performed by Annuity Service
Providers (ASPs)? |
Annuity Service Providers (ASPs) are empaneled by PFRDA to
annuity to subscribers through their various schemes. Subscribers will have
the option to invest their amount into one annuity scheme ' upon
retirement/resignation. ASPs would be responsible for delivering a regular
monthly pension (annuity) to the subscriber for the rest of his/her life. | ||||||||
25. Is it mandatory to purchase annuity under NPS at
the time of exit? |
Yes, but there are some scenarios where the
subscriber/nominees/legal heirs can withdraw the whole accumulated wealth. | ||||||||
26. Which companies empaneled under PFRDA as Annuity
Service Providers (ASPs)? |
1. Life Insurance Corporation of India
2. SBI Life Insurance Co. Ltd.
3. ICICI Prudential Life Insurance Co. Ltd.
4. HDFC Standard Life Insurance Co Ltd
5. Star Union Dai-ichi Life Insurance Co. Ltd
*Subject to change from time to time. | ||||||||
27. Will I get back the amount invested for annuity
purchase? |
Only in annuity types where there is provision of return
of purchase price. | ||||||||
28. In case of retirement / superannuation, when should
I submit my withdrawal request i.e. after the date of retirement or before
the retirement? |
CRA network sends a communication 6 month before the
superannuation/retirement date generating a Claim ID to the subscriber and
nodal office. It' is advisable that the subscriber should submit all the
documents to the nodal office atleast 1 month before the
superannuation/retirement date. | ||||||||
29. Can I withdraw before attaining the age of
retirement / superannuation? |
Yes, it is termed as Partial Withdrawal. https://npscra.nsdl.co.in/central-forms.php | ||||||||
30. If yes, how much amount can be withdrawn? |
Up to 25% of the contribution made by the subscriber
(without considering the appreciation /returns on the amount ) as on date of
application of withdrawal. | ||||||||
31. Can I withdraw any number of times during the
service? |
No
A subscriber is allowed to withdraw only three times
during the entire tenure of service. | ||||||||
32. What are the conditions under which partial
withdrawal can happen? |
Conditions:
1. NPS subscriber for atleast 3 years.
2. Withdrawal is allowed for some specific purposes only.
a) For the higher education of children
b) For the marriage of children
c) For the purchase/construction of residential house or
flat in his or her own name or in a joint name with his or her legally wedded
spouse. In case, the subscriber already owns either individually or in the
joint name a residential house or flat, other than ancestral property, no
withdrawal under these regulations shall be permitted.
d) Treatment for prescribed illnesses — suffered by
subscriber, his legally wedded spouse, children including a legally adopted
child and dependent parents.
Prescribed illnesses includes:
(i) Cancer;
(ii) Kidney Failure (End Stage Renal Failure);
(iii) Primary Pulmonary Arterial Hypertension;
(iv) Multiple Sclerosis;
(v) Major Organ Transplant;
(vi) Coronary Artery Bypass Graft;
(vii) Aorta Graft Surgery;
(viii) Heart Valve Surgery;
(ix) Stroke;
(x) Myocardial Infarction
(xi) Coma;
(xii) Total blindness;
(xiii) Paralysis;
(xiv) Accident of serious/ life threatening nature.
(xv) Any other critical illness of a life threatening
nature as stipulated in the circulars, guidelines or notifications issued by
the Authority from time to time. | ||||||||
33. If I avail partial withdrawal facility, will I get
the same benefit as applicable at the time of retirement/ superannuation? |
Yes | ||||||||
34. Whether I am eligible for Gratuity? |
Yes, as per latest 0M No.7/5/2012-P&PW(F)/B dt.
26.08.2016 issued by Department of Pension and Pensioners Welfare, the
Central Government employees covered under NPS are eligible for 'Retirement
Gratuity and Death Gratuity | ||||||||
35. What are tax benefits available under IT Act, 1961
for Tier 1 Account? |
On Contributions:
Employee’s own Contribution- Eligible for tax deduction
under sec 80 CCD (1) of Income Tax Act up to 10% of salary (Basic + DA)
within the overall ceiling of Rs. 1.50 Lacs under Sec. 80 C of the Income Tax
Act.
From F.Y. 2015-16, subscriber will be allowed tax
deduction in addition to the deduction allowed under Sec. 80CCD(1) for
contribution in his NPS account subject to maximum of Rs. 50,000/- under sec.
80CCD ) .
Employer’s contribution: Up to 10% of Basic & DA (no
upper monetary ceiling) under 80CCD(2). This rebate is over and above 80 C.
(This tax benefit is only available for NPS subscribers).
II) Partial Withdrawal– Tax free
III) Lump sum Withdrawal– In case of superannuation, 40%
of lump sum withdrawal is tax free.
IV) Annuity– Amount utilized for purchase of annuity is
not taxable in the hands of the subscriber. | ||||||||
36. What are tax benefits available under IT Act, -1961
for Tier 2 Account? |
No tax benefit is available for Tier 2 account | ||||||||
37. Where can I find list of important forms related to
exit and withdrawal? |
|
Government of India Orders
– Circulars – Notifications For Central Government
Employees and Pensioners | |
Ministry | Ministry
of Health and Family Welfare |
Department | Central Government Health Scheme |
Subject | List of
Nodal Officers of CGHS Empanelled Hospitals/Diagnostic Centres - MEERUT |
No. | No.9-4/16/CGHS/MRT/ESTT |
Date | 07.01.2016 |
Link | |
Government of India Orders
– Circulars – Notifications For Central Government
Employees and Pensioners | |
Ministry |
Ministry of Health and Family Welfare |
Department |
Central
Government Health Scheme |
Subject | Fresh Empanelment of private healthcare organizations (HCOs)
and revision of package rates applicable under CGHS Chandigarh/Jammu |
No. |
No.AD/CGHS/CHD/EPHDC/E-tendring/2014/6527A |
Date |
17.11.2014 |
Link | |
Government of India Orders
– Circulars – Notifications For Central Government
Employees and Pensioners | |
Ministry |
Ministry of Health and Family Welfare |
Department |
Central
Government Health Scheme |
Subject | Fresh Empanelment of private healthcare organizations (HCOs)
and revision of package rates applicable under CGHS Bhopal |
No. |
No.2(16)/Estt/CGHS/2014-15/1511 |
Date |
17.11.2014 |
Link | |
Government of India Orders
– Circulars – Notifications For Central Government
Employees and Pensioners | |
Ministry |
Ministry of Health and Family Welfare |
Department |
Central
Government Health Scheme |
Subject | Fresh Empanelment of private healthcare organizations (HCOs)
and revision of package rates applicable under CGHS Bangalore |
No. | |
Date | |
Link | |
Government of India Orders
– Circulars – Notifications For Central Government
Employees and Pensioners | |
Ministry |
Ministry of Health and Family Welfare |
Department |
Central
Government Health Scheme |
Subject | Fresh Empanelment of private healthcare organizations (HCOs)
and revision of package rates applicable under CGHS Thiruvananthapuram |
No. | |
Date | |
Link | |
Government of India Orders
– Circulars – Notifications For Central Government
Employees and Pensioners | |
Ministry | Ministry
of Health and Family Welfare |
Department | Central Government Health Scheme |
Subject | List of
Hospital Empanelled Under CGHS Ahmedabad - 2016 |
No. | |
Date | |
Link
(English) | |
