News Roll
Know Your Aadhaar linkage deadlines
With the Supreme Court deliberating on whether Aadhaar should be
made mandatory, some important deadlines to keep tab on
E
ven as the Supreme Court
prepares to deliver its
verdict on the mandatory
Aadhaar seeding for
various services, many have been
getting frantic calls and messages
from financial services and telecom
companies urging them to complete
the linking process.
Be it banking, insurance, mutual
funds, stocks or post office schemes
—all regulated financial services are
now under the Aadhaar ambit. This
is in line with the central
government’s decision to amend the
Prevention of Money Laundering
(maintenance of records) Act, 2005.
The deadline for seeding Aadhaar
with PAN was extended from August
31 to December 31. For telecom
companies, the last date for the
purpose is February 28, 2018.
While banks had been exhorting
their customers to comply with the
rule for several weeks now, insurance
companies have jumped on to the
bandwagon after the Insurance
Regulatory and Development
Authority of India (IRDAI) clarified
that Aadhaar linkage was mandatory
for all insurance policies—existing
and new. Many insurers have
welcomed the move, pointing out
Bharti-AXA launches Smart Super Health policy
W
ith rising medical costs and varied needs of
customers, general insurance companies are
introducing products with added features and more
flexibility. Bharti AXA General Insurance has launched a new
plan called the ‘Smart Super Health Policy’ that comes with
some key features.
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Outlook Money December 2017 www.outlookmoney.com
The policy is designed to cater to a larger audience covering
up to five family members, including the policyholder. It
allows customers to modify their policy features later. For
example if the policy is taken without maternity benefit, it
can be bought later should the need arise.
There is no capping on room rent in any of the plans