Investing from age >30, which is better – pension scheme (PFRDA in India) or pension fund by IRDA players?

PFRDA has recently launched the scheme with a lock period till age of 70 (partial withdrawal at 60). Also, the amount necessary needs to be invested in the another pension fund after age of 70.

On the other side, companies under IRDA purview have way higher pension charges than the PFRDA.

A strong viewpoint from a financial planning expert would be highly appreciated