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Shri Jayant Sinha MoS (Finance) inaugurates the Second Pension Conclave under the theme of Universal Pension- Coverage Adequacy and Sustainability ; Stresses upon the priority to provide the universal pension security including income security health and life insurance to the people as early as possible

News and Press Release - Dated:- 4-2-2016 - The Minister of State for Finance, Shri Jayant Sinha, stressed upon the priority to provide the universal pension security including income security, health and life insurance to the people at large. He said that he believed in the philosophy to empower Indians with tools and knowledge to take ownership of their own retirement. Shri Sinha was delivering the Inaugural Address after inaugurating the Second Pension Conclave under the theme of Universal Pe .....

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He stressed the importance of enrolling people into Pension schemes as quickly as possible, to take the advantage of the large number of young people in the country who would otherwise become dependent on the State and society in the old age. Second Pension Conclave under the theme of Universal Pension- Coverage, Adequacy and Sustainability was organised here today by Pension Fund Regulatory and Development Authority. The objective of the conclave was to provide a platform to discuss, deliberat .....

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A has spruced-up the pension product making it user friendly by introducing the online mode for registration and contribution upload under NPS. Currently, 16 Banks are providing this facility. Around 35 Banks are using the SBI payment gateway, which can facilitate the said service to all citizens of India. The online exit shall be mandatory from 1st April, 2016 to facilitate the exit process. He mentioned that PFRDA was constantly striving to improve the risk/ reward profile of the investment po .....

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