Aadhar linking to insurance policies


"Central Government vide gazette notification dated 1st June 2017 notified the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 making Aadhaar and PAN/Form 60 mandatory for availing financial services including Insurance and also for linking the existing policies with the same," IRDAI said.

The Aadhaar linkage rule is applicable on life insurance companies and general insurance companies including standalone health insurers, IRDAI clarified.

An Aadhaar-insurance policy linkage is mandated under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017, the regulator said in a statement dated November 8, 2017. "These rules have statutory force and, as such, life and general insurers (including standalone health insurers) have to implement them without awaiting further instructions," IRDA said.

LIC of India have already provided online facility on their portal for the same - https://www.licindia.in/Home/Link_Aadhaar_and_PAN_to_Policy

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