IRDA makes linking of Aadhaar with insurance policy mandatory

Posted on:10 Nov 2017 11:02:05
IRDA makes linking of Aadhaar with insurance policy mandatory
10 November 2017 Current Affairs: Insurance Regulatory and Development Authority of India (IRDA) announced that linking of Aadhaar number to insurance policies is now a mandatory requirement under Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017. 

This norm of linking Aadhaar number to insurance policies will apply to new customers as well as existing policyholders.

Besides, it will apply not only to life insurance policies but also to general insurance policies.

Insurance industry experts believe that this norm will be helpful during claims settlement.
Insurance Regulatory and Development Authority of India (IRDA) announced that linking of Aadhaar number to insurance policies is now a mandatory requirement under Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017. 

This norm of linking Aadhaar number to insurance policies will apply to new customers as well as existing policyholders.

Besides, it will apply not only to life insurance policies but also to general insurance policies.

Insurance industry experts believe that this norm will be helpful during claims settlement.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 September

20 SEPTEMBER
NEWS
19 SEPTEMBER
NEWS
18 SEPTEMBER
NEWS
17 SEPTEMBER
NEWS

Current Affairs 2018 August

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS

Current Affairs 2018 July

31 JULY
NEWS
30 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS