The Prevention of Money-laundering (Maintenance of Records) Second Amendmen

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• JI~ Cl!ldMi INSURANCE REGULATORY AND hdai DEVELOPMENT AUTHQR11~. OF INDIA ~ ., • ;. , .. f Ref: IRDAI/SDD/MISC/CIR/.llfg /11/2017 ath November, 2017 CIRCULAR To Life and General Insurers (Including Standalone Health Insurers) Sub: The Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 Central Government vide gazette notification dated 1st June 2017 notified the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 making Aaadhar and PAN/Form 60 mandatory for availing financial services including Insurance and also for linking the existing policies with the same. 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. These Rules have statutory force and, as such, Life and General Insurers (Including Standalone Health Insurers) have to implement them without awaiting further instructions. qft~ 'r<R, mm! ffi'l, ~- ~-500 004 \tTl"cf r'() : 91-040-2338 1100, ~: 91-040-6682 3334 i-m9: irda@irda.gov.in ~: www.1rda.gov.in - . Member '(Life) Parisharam Bhavan, 3rd Floor, Basheer Bagh Hyderabad-500 004 India. Ph.: 91-040-2338 1100, Fax 91-040-6682 3334 E-mail· lrda@irda.gov.in Web .. www.1rda.gov.1n