As per a government directive, you are meant to link Aadhaar and PAN to your LIC (Life Insurance Corporation) policies by December 31, says India's biggest life insurer on its website. LIC has come up with a facility which enables policyholders to link Aadhaar with their policies online. Insurance regulator IRDAI (Insurance Regulatory and Development Authority of India) had earlier said linkage of Aadhaar number with insurance policies is mandatory and asked insurers to comply with the statutory norms. "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," IRDAI said.
LIC has on its website - licindia.in - listed steps to link policies with Aadhaar and PAN online:
1) Keep your Aadhaar Card and PAN card handy along with the list of policies.
2) Log in to LIC's website. The link for linking Aadhaar and PAN with LIC policies is displayed prominently on LIC's homepage.
3) Click on the link and LIC gives you a to-do checklist. Read the instructions.
4) Mobile Number as registered with UIDAI has to be entered. OTP will be sent to the number provided.
5) In case your mobile number is not updated in Aadhaar, kindly contact nearby LIC Branch Office for Aadhaar linking, says LIC.
After submitting the details in the form, a message will be shown on the success of the registration for linkage.
After verification with UIDAI or Unique Identification Authority of India, which issues Aadhaar card, a SMS/mail confirmation will be sent to you, says LIC. The verification may take few days, the insurer adds.