The Pension Fund Regulatory and Development Authority (PFRDA) has launched NPS Swasthya, a new initiative that enables National Pension System (NPS) subscribers in India to utilize a portion of their retirement funds for healthcare expenses. Subscribers, aged between 18 and 85, can withdraw up to 25% of their contributions, referred to as the “net eligible balance,” for medical needs. This includes outpatient services, medications, and cashless hospitalisation. The digital process is facilitated through the MAven app, which integrates with the Central Recordkeeping Agency system. The program is supported by various partners, including Medi Assist Healthcare Services, which manages claims and provides digital infrastructure, and Tata Pension Fund Management and Axis Pension Fund for pension fund management. As healthcare costs in India are expected to rise by 11.5%-14% by 2026, NPS Swasthya aims to provide a financial safety net for subscribers. Importantly, any unutilised funds will remain invested in the pension fund, allowing for continued market-linked growth. As of March 29, 2026, the NPS has a subscriber base of 9.64 crore and total assets under management of approximately ₹16.55 lakh crore.