Date: October 1, 2026

Operational / Strategic Disclosures

NPS Swasthya Scheme Launch:

  • The Pension Fund Regulatory and Development Authority (PFRDA) launched NPS Swasthya on October 1, 2026 (NPS Diwas)
  • The scheme was launched by Sanjay Lohia, Union Secretary, Department of Financial Services
  • NPS Swasthya integrates retirement savings with health protection under the National Pension System framework

Medi Assist's Role as Health Benefit Administrator (HBA):

  • Medi Assist has been appointed as the first Health Benefit Administrator for the NPS Swasthya initiative
  • The company will provide digital infrastructure for claims administration and service coordination
  • Medi Assist will enable a digital platform connecting subscribers, healthcare providers, CRAs (Central Recordkeeping Agencies), and insurance companies
  • The company's MAven app will be integrated with CRA API to provide subscribers with unified view of:
  • NPS account balances and information
  • NPS Swasthya balances and information
  • Health benefits information
  • Health benefits administration will be delivered on the same platform
  • Coordination with pension funds and insurance companies will be managed by Medi Assist's platforms

NPS Swasthya Scheme Features:

  • Combines NPS Swasthya investment account with mandatory top-up health insurance policy
  • Provides immediate and predictable cover for healthcare expenses
  • Allows withdrawals of up to 25% of subscriber's own contributions for eligible outpatient and inpatient expenses
  • No cap on the number of withdrawals
  • No minimum waiting period between withdrawals
  • Payments are made directly to healthcare providers
  • Delivered instantly and seamlessly via the HBA platform

Subscriber Safeguards:

  • Strong data protection measures: information sharing only where necessary, proportionate, and tied to specific purpose
  • Requires subscriber's recorded consent or other lawful basis for data sharing
  • Single point of contact for grievances through PFRDA's Pension Sahayak platform
  • Grievance coverage across Pension Funds, CRAs, HBA, and insurers

Management Commentary:

  • Satish Gidugu, CEO, Medi Assist Group: "Retirement planning and healthcare needs are closely connected... Our role is to help make the subscriber experience simpler to navigate and support collaboration across the pension and healthcare ecosystem."
  • Sumit Shukla, MD & CEO, Axis Pension Fund: "Healthcare costs are among the biggest risks to a retirement plan. NPS Swasthya gives subscribers a dedicated corpus for medical needs within the NPS framework."

Company Background

  • Medi Assist provides technology platforms, health benefits administration services, and innovative offerings to the health insurance ecosystem
  • Through wholly owned subsidiary Medi Assist TPA, the company facilitates between:
  • Insurance companies and their policyholders
  • Insurance companies and healthcare providers (hospitals)
  • Government and beneficiaries of public health schemes
  • Through Mayfair We Care, provides benefits administration services to:
  • Indian corporates & insurers outside India
  • Global insurers and beneficiaries
  • Listed on NSE and BSE