More time to link Aadhaar with policies: IRDAI

Insurance regulator IRDAI on Tuesday said the date for linking existing insurance policies to Aadhaar, in the backdrop of the Supreme Court order of March 13, is being extended till the court pronounces judgment in the case.

However, for new policies, the policy holder will be allowed six months from the date of commencement of account-based relationship to submit the Aadhaar number and PAN/Form 60 to the insurer.

A circular from Member (Life) Nilesh Sathe said in the absence of Aadhaar, the policy holder should submit any of the “officially valid document,” as mentioned in the Prevention of Money-laundering (Maintenance of Records) Rules.

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