Aadhaar has become one of the most important documents nowadays. Especially for financial transactions, this is most important. From the Employees’ Provident Fund (EPFO) account to the PAN card, it is necessary to link the number 12 of Aadhaar with everyone. Otherwise you may have to face financial transaction problems. The last date to link Aadhaar to PAN is June 30. But is it also mandatory to link Aadhaar number with LIC’s policy. Let’s know about it…
Is it mandatory to link all LIC policies with Aadhaar? The government is emphasizing on linking Aadhaar numbers with insurance policies. But as of now, as far as LIC is concerned, it is not mandatory. At least not for all policies.
Is Aadhaar to be linked with all LIC policies?
According to Money9, if a customer wants to submit Aadhaar as one of the KYC documents, he can. However, Aadhaar number is mandatory for some policies like Aadhar Pillar and Aadhar Shila. If a person wants to buy these policies, then he has to submit the Aadhaar number. Kanchan Dasgupta told Money9 that these policies have very low premiums as compared to other LIC policies and the benefits are also very attractive.
Supreme Court’s decision
Let us tell you that the central government had made it mandatory to link Aadhaar with insurance policies. But in September 2018, the Supreme Court ruled against the government’s decision. According to the decision of the Supreme Court, Irdai has also changed its rule.
How to link your aadhaar with pan card
If you have not yet linked Aadhaar with your PAN card, complete this work as soon as possible. This is the process of linking PAN card with Aadhaar.
Process to link PAN card with Aadhaar
- Open the official website of Income Tax Department incometaxindiaefiling.gov.in.
- Here you will see the option of Link Aadhaar. Click on it.
- Then enter your PAN number, Aadhar number, your name in the box below.
- Check the captcha code carefully and fill in the box.
- After filling all the boxes click on Link Aadhar.
78 total views, 2 views today