-The Hindu Can Aadhaar be the one-stop solution for all identification requirements? Does it safeguard the privacy of its various beneficiaries? The story so far: Two days after issuing an advisory asking people to refrain from sharing photocopies of their Aadhaar Card, the Unique Identification Development Authority of India (UIDAI) opted to withdraw the notification. It stated that the action was to avert any possibility of ‘misinterpretation’ of the (withdrawn) press release,...
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Aadhaar not mandatory for buying insurance: IRDAI
-The Hindu Business Line However, it may be accepted as one of the proof documents if the customer volunteers Hyderabad: The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to refrain from seeking Aadhaar from the proposer or policy holders. In a circular, the insurance regulator said along with Aadhaar, insurers should not mandatorily seek PAN/Form 60 as part of Know Your Customer (KYC) norms. However, the insurers may accept...
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