Linking of Aadhaar with insurance policies has been made mandatory by the government and the timeline to link your Aadhaar details with financial services has been extended to 31st of December, 2024. Problems arise during the settlement of claims if the insurance policies are not connected by the given deadline.
Per the Insurance Regulatory and Development Authority (IRDAI) instruction, every insurer must link the new and existing insurance policies to the Aadhar number without further delay. To help the policyholders, insurance companies like health insurers, general insurers, insurers, and life insurers are sending notifications regularly. Linking of Aadhaar can be done through the following modes:
Latest Updates
The last date for linking Aadhaar with PAN has been extended to December 31, 2024.
Linking Aadhaar with Insurance Policies via Online Mode
For linking Aadhar with an insurance policy, the insurer should ensure to link their mobile number and Aadhaar before trying to link an insurance policy with Aadhaar. However, the linking process is different for a registered and a non-registered user:
For the Registered User
A registered user should follow the below-mentioned steps to complete the linking process:
Step 1: Visit the customer service portal of the insurance company
Step 2: Add all the Aadhaar details in the respective boxes
Step 3: Verify and submit
Step 4: A one-time password (OTP) will be sent to Aadhaar registered mobile number
Step 5: Enter the Aadhar number to get the Aadhaar linked to the insurance policy
For the Non-Registered User
The non-registered policyholders should follow the below-mentioned steps to link Aadhar and insurance policy:
Step 1: Visit the website of the insurance company
Step 2: Enter details like PAN, date of birth, mobile number, email ID, policy number, and Aadhaar number
Step 3: After entering the Aadhar number, an OTP is sent to the registered mobile number
Step 4: Enter the OTP in the required box
Step 5: On entering the OTP, the Aadhar card and insurance policy will be linked
Linking Aadhaar with Insurance Policies via Offline Mode
Linking can be done by following the below-mentioned steps:
Step 1: Visit the nearest branch office of the insurance company or contact the insurance agent
Step 2: Carry your Aadhar card and a self-attested copy of a 12-digit unique identification card
Step 3: Submit it to the officer to get the Aadhar and insurance policy linked
Documents required for linking insurance policies and Aadhaar
The following documents are required to link Aadhaar with the insurance policy:
- The 12-digit Aadhaar number
- Permanent account number (PAN)/Form 60 or 61
- The PAN card or Form 60/61 should be submitted every time an account holder wishes to make a payment of more than Rs. 50,000.
Benefits of Linking Aadhaar Number with Insurance Policy:
- Linking your Aadhaar prevents money laundering and malpractices.
- The claim amount directly gets credited to the bank account, and the insurance holder doesn’t need to constantly track it from time to time as the process is streamlined. This ensured you a faster claim settlement.
- It helps customers access all the financial services on one platform, as your bank account and PAN number are already linked.
- It makes the process of insurance administration hassle-free and simple, and customers receive an enhanced experience.