NPS Annuity Calculator: What should be your annuity amount to get at least Rs 70,000 monthly pension in all 5 categories?

NPS offers 5 types of pensions to its subscribers- annuity for life without return on purchase (ROP), joint life annuity with ROP, joint life annuity without ROP, and family income with ROP.  

In our calculation, we are taking the example of a 60-year-old private sector employee with 58 years of spouse. We are considering all present annuity providers in India for our calculations.

The minimum annuity investment to get at least Rs 70,000 monthly pension in all 5 categories is Rs 1,20,000,00. Though this amount will help you get that much monthly pension in all 5 NPS pension categories only in a couple of annuity plans. Read to know more! 

This is a type of NPS pension where, on the annuitant's death, the annuity amount ceases and the purchase price is returned to the nominee. 

With a Rs 1,20,000,00 (Rs 1.20 crore) investment, the best available NPS pension under this category is Rs 70,646.4. The lowest is Rs 57,811.

Here, on the annuitant's death, the payment of the annuity ceases and the purchase amount (ROP) is not returned to the nominee.

In this NPS pension category, the best available monthly pension is Rs 92,918.00. The least is Rs 74,397.

In this NPS pension, the annuity is paid to the spouse during their lifetime, and the purchase price is returned to their nominee after the death of the spouse.

In this category, the best available NPS monthly pension is Rs 70,526.00, while the least is Rs 56,383.

In this NPS pension, on the death of the annuitant, the annuity amount is paid to the spouse during their lifetime. If the spouse predeceases the annuitant, the annuity payment will cease after the death of the annuitant.

The best available NPS pension under this category is Rs 82,093.00, while the least is Rs 64,802.

In this type of NPS pension, on the annuitant's death, the spouse will get a pension for lifetime. After the spouse's death, the annuity payment will go to the living dependent mother and father of the deceased annuitant. After the coverage of these family members, the annuity payment will stop, and the full payment will be returned to the surviving children or legal heirs of the annuitant.

The best available NPS pension under this category is Rs 70,526.00, while the least is Rs 56,383.