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Life and General Insurers must note the submission deadline for client identity details under the Prevention of Money-laundering rules. Clients submit the Aadhaar Number and Permanent Account Number or Form 60 to the reporting entity by 31st March, 2018 or six months from the date of commencement of account based relationship.
What you must do
Key dates
Who is affected
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Ref: IRDAI/SDD/CIR/MISC 247 /12/2017
18th December, 2017
CIRCULAR
All Life and General Insurers (Including Standalone Health Insurers)
Sub: The Prevention of Money-laundering (Maintenance of Records) Seventh Amendment Rules, 2017
This is further to our Circular ref: IRDAI/SDD/MISC/CIR/248/11/2017 dated 8th November, 2017 with regard to the Prevention of Money-laundering (Maintenance of Records) (Second Amendment) Rules, 2017.
The Central Government has notified the PML (Maintenance of Record) (Seventh Amendment) Rules, 2017 on 12.12.2017 and has issued Gazette Notification on 13.12.2017. Accordingly, the date of submission of the Aadhaar Number and Permanent Account Number or Form 60 by the clients to the reporting entity is 31st March, 2018 or six months from the date of commencement of account based relationship.
This is for your information and necessary action.
[Image omitted. See the official document.]
Member (Life)
परििश्रम भवन, तीसरा तल, बशीरबाग, हैदराबाद-500 004, भारत. दूरभाष : 91-040-2338 1100, फैक्स : 91-040-6682 3334 ई-मेल : irda@irda.gov.in वेब : www.irda.gov.in
Parisharam Bhavan, 3rd Floor, Basheer Bagh, Hyderabad-500 004. India. Ph.: 91-040-2338 1100, Fax: 91-040-6682 3334 E-mail: irda@irda.gov.in Web.: www.irda.gov.in
