The Prevention of Money-laundering (Maintenance of Records) Second and Seve

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• JI~ ~mflq .ful, Pc1r.i111'1iti aitt m ~ Mlilti INSURANCE REGULATORY AND ir.lai DEVELOPMENT AUTHORITY OF INDIA Ref: IRDAI/SDD/CIR/MISC/~ /03/2018 20th March, 2018 CIRCULAR All Life and General Insurers (Including Standalone Health Insurers) Sub: The Prevention of Money-laundering (Maintenance of Records) Second and Seventh Amendment Rules, 2017 This is further to our Circular ref: IRDAI/SDD/MISC/CIR/248/11/2017 dated ath November, 2017 with regard to the Prevention of Money-laundering (Maintenance of Records) (Second Amendment) Rules, 2017 and Circular ref: IRDAI/SDD/CIR/MISC/267/12/2017 dated 18th December, 2017 with regard to the Prevention of Money-laundering (Maintenance of Records) (Seventh Amendment) Rules, 2017. Hon'ble Supreme Court of India in Writ Petition (Civil) No. 494/2012 vide order dated 13.03.2018 has extended the deadline of linking Aadhaar till the matter is finally heard and the judgment is pronounced. In view of the order of the Hon'ble Supreme Court of India, the insurers are advised as under: a. For existing insurance policies, the date of linking Aadhaar is extended till the matter is finally heard and the judgment is pronounced by Hon'ble Supreme Court of India. ~ 'f. 115/1, ~ ~ . 111 ifi(I ii~~ I, ~ -500 032, W'cf Survey No. 115/1, Financial District, Nanakramguda, Hyderabad-500 032, India (j) : +91-40-2020 4000,m : +91-40-2020 4555 (j) : +91-40-2020 4000, Fax : +91-40-2020 4555 ~ : www.irdai.gov.in Website : www.irdai.gov.in b. For new insurance policies, client is allowed six months from the date of commencement of account based relationship to submit the Aadhaar Number and PAN/Form 60 to the reporting entity i.e. the insurers. In absence of Aadhaar, client shall submit any of the "Officially Valid Document" as mentioned in the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 (as amended from time to time). This is for your information and necessary action. Member (Life)