Archive · 18 Jul 2026
PFRDA Chairman Outlines AI Roadmap for NPS
The head of the Pension Fund Regulatory and Development Authority (PFRDA) talked about using artificial intelligence (AI) to make the National Pension Scheme (NPS) easier to join and to provide personalized financial advice.
He mentioned that the authority is working on an AI-powered platform to give people financial guidance in their preferred languages.
Additionally, they are launching a new product called NPS Swasthya, which combines pension and health insurance.
The goal is to make financial products simpler and more accessible, especially for people who are often left out, like gig workers and street vendors.
The PFRDA also wants to ensure that AI is used responsibly and transparently to build public trust.
They are expecting a 22% growth in NPS subscribers this year.
PFRDA is redesigning the NPS onboarding process to simplify enrolment and reduce choices at the entry stage.
An AI-powered pension advisory platform is being developed to provide personalized financial guidance, expandable to include insurance and securities.
NPS Swasthya, a bundled pension and health insurance product, is set to launch, combining health savings with group health insurance.
PFRDA emphasizes the use of explainable and responsible AI to ensure transparency and build public trust in digital financial services.
The regulator aims to promote financial inclusion by making products simple and accessible, particularly for underserved communities.
- Who
- PFRDA Chairman Sivasubramanian Ramann
- What
- Outlines AI roadmap for NPS, announces new initiatives
- When
- This week at an industry event
- Where
- Srishti Manipal Institute of Art, Design and Technology, MAHE Bengaluru campus
- Why
- To simplify NPS onboarding, provide personalized financial guidance, and promote financial inclusion
- Organization
- Pension Fund Regulatory and Development Authority (PFRDA)
- Chairman
- Sivasubramanian Ramann
- Event
- Srishti Manipal Institute of Art, Design and Technology's conference
- AI Initiatives
- AI-powered pension advisory platform, multilingual financial assistance
- New Product
- NPS Swasthya (pension and health insurance bundle)
- NPS Subscribers
- 2.17 crore (as of FY26)
- NPS Corpus
- ₹15.95 lakh crore (as of FY26)
- Expected Subscriber Growth
- 22% this year