PFRDA has launched a proof-of-concept for NPS Swasthya, a new pension-linked health funding initiative with private insurers, to address the critical gap of rising healthcare costs for India's rapidly aging population, which is projected to double by 2045-50. For exam aspirants, this is a significant development linking pension reforms (PFRDA) with social security and financial inclusion.
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- ›Launch Date: April 8, 2026
- ›Projected Healthcare Cost Rise (2026): 11.5% - 14%
- ›Target this Data: Senior citizen population projected to be over 20% by 2045-50.
- ›Target this Nodal Body: Pension Fund Regulatory and Development Authority (PFRDA).
- ›Target this Legal Point: PFRDA Act, 2013.
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