‘ICICI PF NPS Swasthya Equity Plus’ enables subscribers with an option to withdraw up to 25% of their own contributions in the scheme for medical expenditure across the Apollo network through Apollo 24|7 mobile app (at selected hospitals and pharmacies), while the remaining corpus continues to grow for retirement.
The scheme was launched in the presence of Shri Sivasubramanian Ramann, Chairperson, Pension Fund Regulatory and Development Authority (PFRDA) and senior officials of ICICI Pension Fund Management, Apollo HealthCo and KFintech. The scheme is offered as a Proof of Concept (PoC) under the PFRDA Regulatory Sandbox Framework.
Shri Sivasubramanian Ramann, Chairperson, Pension Fund Regulatory Development Authority, said, “At PFRDA, our vision of old-age security is rooted in comprehensive planning that begins early and evolves with life’s changing vulnerabilities. With initiatives such as NPS Vatsalya and now this health-focused pension framework under the regulatory sandbox, we are exploring innovative ways to strengthen citizens’ financial preparedness. This initiative does not replace insurance; rather, it complements it by creating a disciplined, purpose-driven savings pool dedicated to healthcare needs. By leveraging India’s Digital Public Infrastructure, including Aadhaar authentication and UPI, we are demonstrating how technology can enable secure, transparent, and goal-based financial solutions. As India moves towards Viksit Bharat, it is imperative that we build integrated products that safeguard both health and wealth, ensuring dignity and resilience in later years.
I would also like to formally acknowledge and thank ICICI Pension Fund, Apollo Hospitals and KFintech for their collaborative spirit and commitment in translating this concept into a live, actionable model. Such partnerships between regulators, pension fund managers, and healthcare providers are essential as we work towards building a resilient, pension-inclusive ecosystem aligned with the vision of Viksit Bharat.”
Mr. Sumit Mohindra, Chief Executive Officer, ICICI Pension Fund Management Limited, said, "We are delighted to launch ‘ICICI PF NPS Swasthya Equity Plus’ in collaboration with Apollo HealthCo. With increasing longevity and rising healthcare costs, retirement planning needs to account for medical contingencies. This scheme, an innovative step in that direction, is designed for Indians who seek to build a structured retirement corpus, while retaining the flexibility to utilise accumulated savings in the NPS scheme for medical-related expenses. Our partnership with Apollo Hospitals Group ensures subscribers receive meaningful value across a wide healthcare ecosystem, while operational enablement through KFintech as the Central Recordkeeping Agency delivers a seamless experience across healthcare access and pension servicing."
Mr. Madhivanan Balakrishnan, CEO, Apollo HealthCo Ltd., said, "Apollo is focused on strengthening its connected, tech-enabled care continuum that supports healthier lives. This initiative advances that vision by integrating healthcare with financial planning, making everyday care easier to access, while staying anchored to long-term wellbeing."
Mr. Sreekanth Nadella, Managing Director & CEO, KFin Technologies, said, “ICICI PF NPS Swasthya Equity Plus, under the aegis of PFRDA’s NPS Swasthya Proof of Concept, reflects a progressive step towards advancing financial inclusion by making retirement solutions more responsive to essential life stage needs such as healthcare, within a regulated framework. Enabling such flexibility within a long-term retirement system requires a robust technology and recordkeeping
infrastructure to ensure governance, transparency, and rule-based processing, rather than discretionary access to funds. As the Central Recordkeeping Agency, KFintech’s digital architecture ensures secure validation, compliant unit redemption, and auditable transaction flows, thereby delivering a seamless experience for subscribers while safeguarding the continuity and integrity of their retirement corpus.”
Key features and benefits of ICICI PF NPS Swasthya Equity Plus:
High investment in equity: 70%–100% of the corpus will be invested in equity, up to 30% into debt and up to 10% in money market instruments
Withdrawal limits:
Up to 25% of own contributions can be withdrawn for healthcare expenses — including OPD, diagnostics, hospitalisation, and pharmacy purchases - anytime during the tenure of the scheme through Apollo 24|7 platform and at selected Apollo Hospitals and Apollo Pharmacy
There is no limit on the number of partial withdrawals while the first withdrawal is permitted after accumulation of at least ₹50,000
Emergency exit provision: Up to 100% of total corpus withdrawal permitted if emergency medical expenses exceed 70% of the total corpus accumulated
Safety and security: Withdrawals are authenticated via OTP and amounts are disbursed directly to the Apollo network via KFintech, the Central Recordkeeping Agency for this scheme
Healthcare ecosystem benefits: Subscribers get preferential access and discounts across the Apollo network
Exclusive benefits for ‘ICICI PF NPS Swasthya Equity Plus’ subscribers at the Apollo network:
Discounts are offered by the Apollo network and may vary from time to time, as per their terms. The list of healthcare facilities is limited to locations under POC and is available on ICICI Pension Funds’ website.
How to Open an Account:
Individuals can open their ICICI PF NPS Swasthya Equity Plus account by clicking the NPS Swasthya banner available on the ICICI Pension Fund’s website (https://www.iciciprupension.com) or from the Apollo 24/7 mobile app. Please note that opening and maintaining a Common Scheme NPS account is mandatory alongside the NPS Swasthya account, as per PFRDA regulations.
For scheme-related queries: Email: npsswasthya@iciciprupension.com | WhatsApp: 8655620926
About ICICI Pension Fund Management Limited:
ICICI Pension Fund Management Limited is one of India's leading pension fund managers, managing retirement assets under the National Pension System, regulated by the Pension Fund Regulatory and Development Authority (PFRDA). The company is committed to helping Indians build a financially secure retirement.
About Apollo HealthCo Limited:
AHL Healthco Limited (“AHL” or “Apollo”) is engaged in the business of providing integrated healthcare services digitally across India, under the brand name “Apollo 24|7”, which is available at www.Apollo247.com or on Apollo 24|7 app.
About KFin Technologies Limited (www.kfintech.com/; BSE: 543720; NSE: KFINTECH):
KFin Technologies Limited (“KFintech”) is a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate issuers across asset classes in India and provide comprehensive investor solutions including transfer agency, fund administration, fund accounting, data analytics, digital onboarding, transaction origination and processing for alternate investments, mutual funds, private market funds, digital assets, unit trusts, insurance investments, and private retirement schemes to global asset managers across 18 jurisdictions. In India, KFintech is the largest investor solutions provider to Indian mutual funds, based on number of AMCs serviced as on December 31, 2025, and the largest issuer solutions provider based on number of clients serviced as on December 31, 2025. KFintech is the only investor and issuer solutions provider in India that offers services to asset managers such as mutual funds, alternative investment funds, wealth managers and pension as well as corporate issuers and is one of the three operating central record keeping agencies for the National Pension System in India. KFintech is listed on the National Stock Exchange of India
Limited and BSE Limited. General Atlantic Singapore Fund Pte Ltd (“GASF”), a leading global private equity investor, is the promoter of the company. KFintech is listed on the National Stock Exchange of India Limited and BSE Limited. General Atlantic Singapore Fund Pte Ltd (“GASF”), a leading global private equity investor, is the promoter of the KFintech.
For media queries:
Hanisha Vadlamani
+91 733 081 6464
hanisha.vadlamani@kfintech.com
Disclaimer:
This scheme is offered as a Proof of Concept (PoC) under the PFRDA Regulatory Sandbox and is not a regular NPS scheme. Benefits are limited and subject to modification or discontinuation; in such cases, subscribers may transfer their corpus to the Common Scheme and exit as per applicable PFRDA regulations. This is a market-linked scheme; NAV may fluctuate, and there is no guarantee of returns. Tax benefits are subject to the Income Tax Act, 1961, and subscribers should consult their tax advisors. Total charges of 0.30% of AUM p.a. as defined by PFRDA.