KFintech Enables NPS Swasthya Withdrawals For Healthcare
ECONOMY & POLICY

KFintech Enables NPS Swasthya Withdrawals For Healthcare

KFin Technologies Limited (KFintech), a Central Recordkeeping Agency (CRA) under the National Pension System (NPS), has enabled instant withdrawals under the NPS Swasthya Scheme in collaboration with Apollo 24/7. The option is available on the Apollo 24/7 payment app and portal and subscribers may link their NPS Swasthya account to meet medical expenses as quickly as making a UPI payment. This allows eligible medical costs to be addressed from NPS Swasthya contributions while the remaining retirement corpus stays invested.

KFintech will perform account validation, transaction processing and settlement within the NPS framework to facilitate payments to healthcare providers. When a payment request is made through the partner network the request will be validated, units will be redeemed as per rules and the payment will be settled to the provider to ensure a compliant experience. Registration for NPS Swasthya is open on the Apollo 24/7 app and the ICICI Prudential Pension Funds website.

The company said that the proof of concept represented a progressive step towards financial inclusion by making retirement solutions responsive to healthcare needs within a regulated structure. It said that such flexibility within a long term retirement system required robust technology and recordkeeping to ensure governance, transparency and rule based processing rather than discretionary access. KFintech noted that its digital architecture provides secure validation, compliant unit redemption and auditable transaction flows to protect subscriber retirement savings.

The initiative underlines the role of technology led recordkeeping in supporting regulatory innovation within the NPS ecosystem and aims to improve accessibility and execution for subscribers under the sandbox framework. The company described the service as an example of how digital platforms can integrate payment rails and pension recordkeeping to address real life healthcare needs without compromising long term retirement goals. KFintech is listed on the National Stock Exchange of India and BSE and said that General Atlantic Singapore Fund Pte Ltd is its promoter.

KFin Technologies Limited (KFintech), a Central Recordkeeping Agency (CRA) under the National Pension System (NPS), has enabled instant withdrawals under the NPS Swasthya Scheme in collaboration with Apollo 24/7. The option is available on the Apollo 24/7 payment app and portal and subscribers may link their NPS Swasthya account to meet medical expenses as quickly as making a UPI payment. This allows eligible medical costs to be addressed from NPS Swasthya contributions while the remaining retirement corpus stays invested. KFintech will perform account validation, transaction processing and settlement within the NPS framework to facilitate payments to healthcare providers. When a payment request is made through the partner network the request will be validated, units will be redeemed as per rules and the payment will be settled to the provider to ensure a compliant experience. Registration for NPS Swasthya is open on the Apollo 24/7 app and the ICICI Prudential Pension Funds website. The company said that the proof of concept represented a progressive step towards financial inclusion by making retirement solutions responsive to healthcare needs within a regulated structure. It said that such flexibility within a long term retirement system required robust technology and recordkeeping to ensure governance, transparency and rule based processing rather than discretionary access. KFintech noted that its digital architecture provides secure validation, compliant unit redemption and auditable transaction flows to protect subscriber retirement savings. The initiative underlines the role of technology led recordkeeping in supporting regulatory innovation within the NPS ecosystem and aims to improve accessibility and execution for subscribers under the sandbox framework. The company described the service as an example of how digital platforms can integrate payment rails and pension recordkeeping to address real life healthcare needs without compromising long term retirement goals. KFintech is listed on the National Stock Exchange of India and BSE and said that General Atlantic Singapore Fund Pte Ltd is its promoter.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code