Know Your NPS Annuity: How much do you need to invest to get Rs 90,000 monthly pension in all 5 NPS categories? Get calculations

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

To standardised our calculations, we are taking the example of a 60-year-old private sector employee with his spouse age as 58. Our source of calculation is the NSDL's official website.

As per the NPS pension service provider's list available on NSDL's official website, the minimum amount to get Rs 90,000 monthly pension in all NPS categories is Rs 1,54,00,000. 

Shriram Life Insurance Co. Ltd. and MAX Life Insurance Co. Ltd are two companies which are providing at least Rs 90,000 monthly pension in 5 NPS categories on a Rs 1,54,00,000 investment. Know the NPS pension types and the minimum and maximum pension that you will get on Rs 1,54,00,000 investment.

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

On a Rs 1,54,000,00 (Rs 1.54 crore) investment in annuity, the best available NPS pension under this category is Rs 90,495.00. The lowest pension amount is Rs 74,191.

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

Here a Rs 1,54,000,00 annuity investment is providing the best available NPS pension as Rs 1,19,245.00, while the lowest pension is Rs 98,397.

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

In this category, the best available NPS monthly pension is Rs 90,508.00, while the least is Rs 72,359.

In this pension option, on the death of the annuitant, annuity is paid to the spouse during their lifetime. However, if the spouse predeceases the annuitant, the annuity payment will cease after the death of the annuitant.

The best NPS pension under this category is Rs 1,05,353.00, while the lowest is Rs 83,612.

In this NPS pension, on the annuitant's death, the spouse gets the pension for lifetime. After the spouse's death, the annuity goes to the living dependent mother and father of the deceased annuitant. 

After all these family members are covered, the annuity payment stops, and the full payment is returned to the surviving children or legal heirs of the annuitant.

In this category, the best available pension is Rs 90,508.00, while the lowest is Rs 72,359.