Regulator PFRDA has approved individual NPS agents. There will also be individual agents selling NPS products along with life insurance companies.
New Delhi: After the Corona transition, the trend of National Pension Scheme is increasing rapidly in the country. The central government also wants to provide pension security to as many people as possible through the Atal Pension Scheme. Significantly, in the last one year, the process of opening an NPS account has been simplified a lot. So that more and more people can take advantage of it. In this episode, soon the sale of NPS products will be seen in the offices of life insurance companies.
Work will be done on the lines of Point of Presence
According to sources, life insurance companies will work on the lines of Point of Presence (POP) for the sale of NPS products. There will be NPS agents on the lines of insurance agents. These agents will work like life insurance and mutual funds.
PFRDA Approves Individual Agents
Now the regulator PFRDA has approved individual NPS agents. There will also be individual agents selling NPS products along with life insurance companies. Agents will also benefit from this. Agents will also work on the lines of life insurance and mutual funds.
NPS will be available in Life Insurance Office
Now the life insurance company will sell NPS as a distributor. Now for NPS, work will be done on the lines of Point of Presence.
What is the purpose
After the approval of this proposal, now the reach of NPS will be more to the common people. The government’s aim is also behind this so that NPS can be made accessible to maximum people. So that people can understand its importance. And can also buy NPS as well.
Existing insurance agents can also become NPS agents
Existing insurance agents will also have a chance to become an NPS agent. They can apply for it. According to the regulator, the rules related to the commission of individual agents will be issued soon. Actually, after the Corona epidemic, the trend of National Pension Scheme (NPS) is increasing rapidly in the country. Through the Atal Pension Scheme (APY) on behalf of the Central Government, more and more people have to be brought under the purview of pension.
Highlights of the decision of PFRDA-
- NPS products will be sold soon in the offices of life companies
- NPS Life Insurance Companies to Sell as Distributors
- Life insurance companies will be on the lines of POP
- There will also be individual agents selling NPS products
- Existing insurance agents will also have a chance to become an NPS agent
- Rules related to commission of individual agents will come soon
