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<h1>Annuity choice for NPS subscribers now enabled, with empanelled insurers supplying mandatory annuity purchase on exit.</h1> PFRDA empanelled six IRDA approved life insurers to provide annuity services to National Pension System subscribers exiting at retirement; subscribers may choose any empanelled provider and select from that provider's annuity schemes. Under NPS rules a portion of accumulated corpus is withdrawable at exit while a minimum portion must be used to purchase an annuity from an empanelled provider, thereby establishing a formal exit route and operationalising mandatory annuitisation of part of the pension corpus.