ICICI Prudential Pension Funds Management Company launches Swasthya Pension Scheme under PFRDA sandbox

Exam-focused facts from the 23 February 2026 current affairs briefing.

Key facts

ICICI Prudential Pension Funds Management Company introduced the Swasthya Pension Scheme under the Pension Fund Regulatory and Development Authority (PFRDA) regulatory sandbox framework.
Subscribers can make multiple withdrawals of up to 25 per cent of their own contributions.
In medical emergencies exceeding 70 per cent of the corpus, premature closure is allowed with payments made directly to the healthcare provider.
For the sandbox phase, the healthcare network is anchored by Apollo Hospitals and services are accessible through the Apollo 24/7 app, pharmacies, hospitals and diagnostic centres.
Physical pharmacies and hospitals under the scheme are currently limited to Bengaluru and Hyderabad during the pilot.
KFin Technologies is the digital partner for the initiative.