As per the instructions from the central government, those who have taken policy in Life Insurance Corporation (LIC) as insurance policy should link their Aadhaar number and PAN number which is made mandatory.
LIC is India’s one among the biggest insurance corporation and through the company’s official website www.licindia.in can link their Aadhaar number and Pan number via online. This service is provided by LIC Corporation for the ease of the customers.
Under the prevention of Money Laundering and second Amendment Rules, 2017, it is compulsory to link Aadhaar and Pan number which is made mandatory. Meanwhile the insurance regulator IRDAI (Insurance Regulatory and Development Authority of India) had previously said linkage of Aadhaar number with insurance policies is mandatory and asked insurers to comply with the statutory norms.