If you have been insured from any private or government company, now you have to link them with aadhaar too.
Although the criticisms may be issued to link aadhaar with pan or mobile SIM, the government is not seen in the mood to relax its decisions to link different services and schemes from aadhaar. If you have been insured from any private or government company, now you have to link them with aadhaar too.
Insurance Regulatory and Development Authority (IRDA) recently said that it is mandatory to link aadhaar with insurance policies. The regulator has asked insurance companies to comply with the rules. Although the IRDA did not tell the deadline for adding aadhaar number for the current policy.
Irda said in the statement that it is mandatory to add aadhaar number to insurance policies under Money Laundering Informer (Record Maintenance) Second Amendment Rule, 2017. For the use of insurance and other financial services including all current insurance policies, the basis of the revised rule will be to add a base number, PAN number to the policy.
IRDA has said in the information sent to all life insurance and ordinary insurance companies that they have to implement this directive without delay. After this circular, the motor insurance holders will have to add their auto insurance policy to the aadhaar, whose number is quite high.
IRDA has made it mandatory for all insured to link their life or non-life insurance policy with aadhaar number. That is, the policy must be linked to a life insurance or someone else, aadhaar.
IRDA has stated in a circular that it has become mandatory to add life, non-life and health insurance holders to their insurance policy with aadhaar under Second Amendment Rule 2017, under the amendment (Record Maintenance).