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The Insurance Regulatory and Development Authority of India directs insurers and insurance intermediaries to collect Aadhaar numbers and other details for a central database housed in the Insurance Information Bureau. The database includes insurance agents, broker qualified persons, specified persons of corporate agents, authorised verifiers for web aggregators, and points of salespersons. Insurers and intermediaries must collect this information to prepare for data upload. The Authority will communicate the upload date in due course.
What you must do
Who is affected
Ask about this circular
[Image omitted. See the official document.]
भारतीय बीमा विनियामक और विकास प्राधिकरण INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA
IRDAI/ INT/ CIR/ CDB/ 160/ 07/2017 12th July, 2017
CIRCULAR
To All Insurers, All Insurance Intermediaries
Re: Roadmap for creating a database of all insurance agents, broker qualified persons, specified persons of corporate agents, authorised verifiers for web aggregator, point of salesperson, etc to be housed in IIB
It may be recalled that the creation of the database started with the issuance of Point of Sales person guidelines. The purpose was to check de-duplication of POS enrolled by insurers and insurance intermediaries. Therefore, the Aadhaar number was taken as the unique identifying field to check de-duplication.
Going forward it was viewed that the same logic could be extended to insurance agents and trained and qualified persons of insurance intermediaries that would include broker qualified persons, specified persons of corporate agents, authorised verifiers for web aggregator with Aadhaar number as the unique identifying field.
Since IIB has successfully demonstrated the understanding and capabilities in developing the Point of Salesperson portal, the Authority is of the view that such a portal shall be developed and housed in IIB.
In order to achieve the objective, IIB has been asked to develop the portal for uploading the Aadhaar number and other details of insurance agents on the lines of POS. The insurers are therefore advised to collect the same so as to be ready to upload the necessary information on the date to be communicated by the Authority in due course
The same portal will also be available to insurance intermediaries. The insurance intermediaries are also advised to collect the Aadhaar number and other details of trained and qualified persons of insurance intermediaries so as to be ready to upload the necessary information on the date to be communicated by the Authority in due course.
[Image omitted. See the official document.] P. J. Joseph Member (Non-Life)
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