Aadhaar linking deadline for insurance policies extended indefinitely


The Insurance Regulatory and Development Authority of India (IRDAI) has indefinitely extended the deadline for linking the Aadhaar number with insurance policies. This decision comes following a ruling by the Supreme Court extending the deadline till a final verdict is reached on this issue. According to the previous mandate, IRDAI had originally asked policyholders to link their insurance policies with Aadhaar before March 31, 2018.


In a circular to insurance companies operating in the country, IRDAI said that the deadline to link Aadhaar for existing companies has been extended indefinitely till the Supreme Court gives its final verdict. For new insurance policies, customers can produce any of the official documents as per the Prevention of Money Laundering Act of 2002.

The regulator also mentioned that buyers are allowed six months from the date of commencement of the policy to submit their Aadhaar and PAN numbers to the insurance company.

The current norms set forth by the IRDAI allows non-resident Indians (NRIs) to open insurance policies without the Aadhaar number. These policyholders can also provide any proof as per the Prevention of Money Laundering Act of 2002.

The ruling made by the Supreme Court on this issue was a response to a case filed to determine the constitutional validity of Aadhaar. Though the ruling prevents mandatory linking of Aadhaar with bank accounts and mobile numbers, it also noted that this does not apply to people who receive benefits under government schemes and subsidies.

The original ruling by the government asked people to link their bank accounts, mobile numbers, insurance policies, etc. with their 12-digit unique identification number by December 31, 2017. However, an apex court ruled later that this deadline has been extended until March 31, 2018. With this new ruling by the Supreme Court, the mandatory linking deadline has been extended until a final ruling is made on this issue.


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