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IS the NPS good for pension scheme

IS NPS good scheme for pension to start invest at the age of 31 years.

I want to invest in any good pension scheme and I thought as government came up with NPS, I would like to invest on it. Could you throw ideas on this.  What is the NPS tier-1  and NPS tier-2.

 

Note:- Every year, I started investing in PPF(70k) , SIP (2 lakhs). As of now no kids, so not planned for child policies. Had one term policy(25 lakhs) and paying 3.6 lakhs as EMI for house loan.

Thanks

Madhu

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