Concept:Launch of the first-of-its-kind National Pension System (NPS) Preference Index by a pension fund manager.
Explanation:HDFC Pension Management Company launched the first-of-its-kind NPS Preference Index.
It was launched on the occasion of the 2nd edition of NPS Diwas observed on October 1, 2023.
HDFC Pension also released the NPS Preference Index Study, which is the industry's first spotlight on NPS.
An independent market research specialist, Ipsos, was commissioned to conduct the survey for this index.
The index tracks consumer behaviour and links it to their contribution towards NPS and the concept of retirement.
The survey aims to assess consumers' views on retirement and their awareness, interest, and contemplation of NPS.
A key finding is that the NPS Preference Index improves with the increasing income level of consumers.
The North region recorded the highest NPS Preference Index of 57 compared to other regions.
HDFC Pension Management is a subsidiary of HDFC Life Insurance Company Ltd.
It is one of the Pension Fund Managers appointed by the Pension Fund Regulatory and Development Authority (PFRDA) to manage NPS funds.
Answer:A. HDFC Pension Management