Now, that you can link insurance policies with Aadhaar till March 31,here is the list of other deadlines you should know about
In case you still deciding about linking your Aadhaar card with your insurance policy, here's some good news for you. Just like other deadlines, the Insurance Regulatory and Development Authority of India (IRDAI) has extended the date for linking Aadhar with policies by three months.
This move follows last week's Supreme Court ruling that extended Aadhaar linkage deadlines for various financial services, welfare schemes and mobile services to March 31, 2018.
The insurance regulator in a circular issued on Monday said that the revised date of submission of the Aadhaar Number and Permanent Account Number or Form 60 by clients to reporting entity is March 31, 2018.
The central government on June 1, 2017 notified the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 making Aaadhar and PAN/Form 60 mandatory for availing financial services including insurance and also for linking the existing policies with the same.
"These rules have statutory force and, as such, life and general lnsurers (including standalone heallh insurers) have to implement them without awaiting further instructions," said IRDAI.
Now, that you can link insurance policies with Aadhaar till March 31, following is the list of other deadlines you should know about:
SIM Card: For linking of your SIM card with Aadhaar: 26th February, 2018
Insurance policy ,mutual funds linking with Aadhaar: 31st December, 2017
Deadline to link social security services and Welfare schemes with Aadhaar: 31st December, 2017
Deadline to link Public Provident Fund (PPF) with Aadhaar: 31st December, 2017
Deadline to link bank accounts, PAN Card with Aadhaar: 31st March, 2018
Besides, now for opening a new bank account and for monetary transactions above Rs 50,000, it's mandatory to have an Aadhaar ID card.
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