Who can become a Pension Agent?

Banking / Business Correspondents

Company Secretaries

PACS & Cooperatives

Insurance Agents

Cost Accountants

MSME Associations

Mutual Fund Distributors

Certified Financial Planners

Pension Sakhis

Chartered Accountants

Chartered Financial Analysts

Fintech & Digital Platforms

Gramin Dak Sevaks

Why Become a Pension Agent?

1
Growing Market Opportunity: Tap into India's rapidly expanding retirement planning market across salaried, self-employed, gig workers, rural communities, and MSMEs.
2
Additional Income Potential: Earn revenue by facilitating subscriber acquisition and servicing within the NPS ecosystem.
3
Customer Retention & Relationship Expansion: Strengthen long-term client relationships through retirement-focused financial planning.
4
Cross-Sell Opportunities: Leverage your existing customer base to offer pension solutions alongside banking, insurance, investment, and financial advisory services.
5
Digital & Paperless Journey: Onboard subscribers seamlessly through digital platforms powered by industry-leading infrastructure.
6
Social Cause: Help individuals build retirement security while growing your professional practice.

1
India's Leading Pension Fund Manager: Trusted by millions of NPS subscribers across the country.
2
Strong SBI Legacy: Backed by the trust and credibility associated with the SBI brand.
3
Market Leadership: Largest Pension Fund Manager with strong market presence and extensive reach.
4
Robust Digital Ecosystem: Technology-enabled onboarding and servicing support.
5
Dedicated Business Support: Training, operational guidance, and relationship management support for Pension Agents.
6
Pan-India Presence: Serving customers across geographies through an extensive distribution network.

What is the process to become a Pension Agent?

The process includes application to a PoP, submission of documents, due diligence, board approval, agreement execution, and training.

What role does the Board of the PoP play?

The Board approves engagement, oversees compliance, and ensures regulatory adherence

Is there any minimum experience requirement?

While not explicitly prescribed by PFRDA, PoPs may define experience criteria.

Are certifications mandatory for individual Pension Agents?

Certifications may be required depending on the agent category and PoP policy.

What documents are required for individual Pension Agents?

KYC documents, regulatory registrations, address proof, bank details, and agreements.

What documents are required for corporate Pension Agents?

Incorporation documents, regulatory licenses, board resolutions, authorised signatory details, and agreements.

Is the execution of an agreement mandatory?

Yes. A formal agreement between PoP and Pension Agent is mandatory.

Is training mandatory?

Yes. Agents must undergo training before commencement.

Who provides training?

Training is provided by the PoP or Pension Fund.

Can a Pension Agent work with multiple PoPs?

This depends on contractual terms and PoP policies.