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Aadhaar Linking: Insurance Policies, PPF, Bank Account, Mobile SIM, Deadlines And Other Details

Get ready to link your insurance policy with  Aadhaar . In a new development, Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory to link existing policies and new policies with Aadhaar. The latter is must for both life and general  insurance policies  like travel, home, heath and motor. While making the announcement, the regulator referred to Central government's gazette notification dated Ist June, 2017, wherein it notified the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 and made Aadhaar and PAN/Form 60 mandatory for availing financial services including insurance and also for linking the existing policies with the same. It further said, "The Authority clarifies that, linkage of Aadhaar number to Insurance Policies is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017." Ads by ZINC Lately, Aadhaar has be...