List of Annuity Service Providers Enrolled under NPS
| S.no | Name of ASPs | Contact person | Address | Email id | Contact no. |
|---|---|---|---|---|---|
| 1 | Life Insurance Corporation of India | Mr. Bharat Kumar Gupta, AO(Digital Mktg.) | 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). | licnps[at]licindia[dot]com | 022 - 69375011 |
| Mr. Shailendra Bhati, AO (Digital Mktg.) | 022 - 69375021 | ||||
| Mr. Deepak Kumar Yadav, AAO(Digital Mktg.) | 022 - 69375015 | ||||
| Escalations : Mr. Mahesh C. Bharati, Secretary (Digital Mktg.) | 022 - 69375005 | ||||
| Escalations : Mr. Sankar Parida, Secretary (Digital Mktg.) | 022-69375004 | ||||
| 2 | HDFC Standard Life Insurance Co. Ltd | Customer Service Helpline | HDFC Life, 13th Floor, Lodha Excelus, Apollo Mill Compounds, N M Joshi Marg, Mahalakshmi, Mumbai - 400011. | npsannuity[at]hdfclife[dot]com | 022-41667878 |
| 3 | ICICI Prudential Life Insurance Co. Ltd. |
Mr. Vishal Pradhan, |
ICICI Prudential Life Insurance Company, ICICI Prulife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai- 400025 | npsannuity[at]iciciprulife[dot]com mohit[at]iciciprulife[dot]com abhimanyu[dot]patil[at]iciciprulife[dot]com paawan[dot]dayaramani[at]iciciprulife[dot]com mukesh[dot]kr[at]iciciprulife[dot]com
|
022 - 62955609 +91 - 9910643310 |
| 4 | SBI Life Insurance Co. Ltd. |
Shrikant Avtade - Manager - New Business, Operations (Phone: +91 22 66456644)
Gajanan Mandke - AVP - Institutional Alliance (Phone: +91 22 61910388) |
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 - 400706. | online[dot]cell[at]sbilife[dot]co[dot]in npsannuity[at]sbilife[dot]co[dot]in |
022 - 66456236 / 66456178 / 66456139 / 66456107 |
| 5 | Star Union Dai-ichi Life Insurance Co. Ltd. | Ms. Debasmita Guru, Manager & Ms. Shabana Shaikh, Senior Manager | Star Union Dai-ichi Life Ins. Co Ltd, Raghuleela Arcade, 11th Floor, IT Park, Sector 30A, Vashi, Navi Mumbai - 400703, | gopal[dot]krishnan[at]sudlife[dot]in customercare[at]sudlife[dot]in |
022 - 39546274 |
| 6 | Bajaj Allianz Life Insurance Company Limited | Mr. Anil Verma |
Bajaj Allianz House, Airport Road, Yerwada, Pune, Maharashtra - 411 006 |
Anil[dot]Verma[at]bajajallianz[dot]co[dot]in | 020 - 66026789 |
| 7 | Edelweiss Tokio Life Insurance Company Limited | Mr. Benu Singhal |
3rd & 4th floor, Tower 3, Wing B, Kohinoor City Mall, Kohinoor City, Kirol Road, Kurla (W), Mumbai - 400 070 |
Benu.singhal[at]edelweisstokio[dot]in | +91 - 9584055786 |
| 8 | India First Life Insurance Company Limited | Mr. Pankaj Rathour |
301, B Wing, The Qube, Infinity Park, Dindoshi - Film City Road, Malad (East), Mumbai - 400 097 |
pankaj[dot]rathour[at]indiafirstlife[dot]com | 022 - 68570596 |
| 9 | Canara HSBC Oriental Bank of Commerce Life Insurance Company Limted | Mr. Harpreet Singh |
2nd floor, Orchid Business Park, Sector - 48, Sohna Road, Gurugram- 122018 |
harpreet[dot]singh2[at]canarahsbclife[dot]in | +91 -7307701414 |
| 10 | Kotak Mahindra Life Insurance Company Limited | Mr. Deepak Gupta Ms. Trupti Boraste |
7th floor, Kotak Infiniti, Building Number 21, Infinity Park, Off W.E. Highway, General A K Vaidya Marg, Malad (E), Mumbai - 400 097 |
kli[dot]nps[at]kotak[dot]com trupti[dot]boraste[at]kotak[dot]com gupta.deepak@kotak.com | 022 - 66057369 022 - 66057514 |
| 11 | Max Life Insurance Co. ltd. | Mr. Karan Mehra | 3rd, 11th, 12th Floor DLF Square Building, Jacaranda Marg, DLF Phase - 2, Gurgaon, Haryana 122002 | Nodal[dot]Officer[at]maxlifeinsurance[dot]com |
1860 120 5577 |
| 12 | Tata AIA Life Insurance Company Limited | Mr. Adil Husain Siddiqui | 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 400013. | Adilhusain[dot]Siddiqui[at]tataaia[dot]com | +91 - 8446055533 |
| 13 | PNB MetLife India Insurance Co. Ltd | Mr. Krishnendu Bhunia | Unit No. 701, 702 and 703, 7th floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka | india_nps[dot]annuity[at]pnbmetlife[dot]com | 022 - 41790000 |
| 14 | Shriram Life Insurance Company Limited | Plot no 31 & 32, 5th & 6th Floor, Ramky Selenium, Besides Andhra Bank Training Center, Financial District, Gachibowli, Hyderabad - 500032 | 1800-103-6116 | ||
| 15 | Aditya Birla Sun Life Insurance Company Limited | Mr. Gaurav Shah | 16th Floor, One World Centre Tower 1, Jupiter Mill Compound, 841 Senapati Bapat Marg, Elphinstone Road, Mumbai – 400 013 | gaurav[dot]shah[at]adityabirlacapital[dot]com | 022 – 6188 1005 1800 270 7000 |
As a subscriber, you must purchase an annuity product from the aforementioned list of empanelled ASPs at the time of superannuation or premature exit. You must select your ASP the moment you make a withdrawal request.
Types of Annuity Investment Plans
It is important to note that the annuity amount is dependent upon the amount of annuity purchased and the duration of the annuity that you have opted for. It will be paid monthly/quarterly/half yearly/ annually
There are 5 types of annuity investment plans to choose from -
- Annuity for life: annuity or pension payable to you at a consistent rate. On death of the Annuitant, policy shall terminate and no further benefits would be payable.
- payable for Life with 100% annuity payable to spouse on death of annuitant: annuity or pension payable to the subscriber and then to their spouse after their demise. On death of the last survivor, the annuity payments will cease and no further amount will be payable.
- Annuity for life with return of purchase price on death: This option pays annuity for life. On death of the Annuitant, the Purchase Price is paid out to the nominee and thereafter the policy shall terminate and no further benefits would be payable
- Annuity payable for Life with 100% annuity payable to spouse on death of annuitant with RoP of annuity : The annuity payable as long as at least one of the two annuitants is alive. On the death of the primary annuitant, secondary annuitant will receive 100% of original annuity throughout life. On death of the last survivor, 100% of the purchase price is returned to the nominee.
- NPS Family Income: Annuity payments would be made to the annuitant and his/ her spouse throughout their lifetime. On death of annuitant and spouse, the annuity would be paid to the subscriber's mother and after her, to the father. On death of the last survivor, the purchase price would be refunded to the annuitant's child/ nominee.
Each ASP has predefined minimum age criteria by when they start providing annuity to you. Once the entire procedure of the withdrawal request is executed and processed, the ASP will start issuing the periodical annuity.
View Exit and Withdrawals under the NPS Regulations