Insurance Regulatory and Development Authority of India

To facilitate general public to easily fulfil Know Your Customer (KYC) norms while availing insurance services, IRDAI has recommended for allowing insurance companies to avail Aadhaar Authentication Services of the Unique Identification Authority of India. Central Government has permitted, vide Gazette notification dated April 23, 2020, some of the insurance companies to undertake the Aadhaar authentication services.

The interested customers / policyholders / claimants may avail paperless KYC services in coming days from the following insurance companies:

S.No. Company Name
1 Bajaj Allianz Life Insurance Company Limited
2 Bharti AXA Life Insurance Company Limited
3 Exide Life Insurance Company Limited
4 HDFC Life Insurance Company Limited
5 ICICI Prudential Life Insurance Company Limited
6 India First Life Insurance Company Limited
7 Max Life Insurance Company Limited
8 PNB Metlife India Insurance Company Limited
9 SBI Life Insurance Company Limited
10 Future General India Life Insurance Company Limited
11 Reliance Nippon Life Insurance Company Limited
12 Aegon Life Insurance Company Limited
13 Shri ram Life Insurance Company Limited
14 Aditya Birla Sun Life Insurance Company Limited
15 Pramerica Life Insurance Company Limited
16 Kotak Mahindra Life Insurance Company Limited
17 Star Union Dai-ichi Life Insurance Company Limited
18 IDBI Federal Life Insurance Company Limited
19 Edelweiss Tokio Life Insurance Company Limited
20 Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
21 Kotak Mahindra General Insurance Company Limited
22 Future Generali India Insurance Company Limited
23 Manipal Cigna Health Insurance Company Limited
24 ACKO General Insurance Limited
25 Religare Health Insurance Company Limited
26 Royal Sundaram General Insurance Company Limited
27 SBI General Insurance Company Limited
28 HDFC Ergo General Insurance Company Limited
29 HDFC ERGO Health Insurance Limited (Formerly Apollo Munich Health Insurance Company Limited

Government notifies list of 29 reporting entities to undertake Aadhaar authentication service under Section 11A of PMLA

MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 23rd April, 2020

G.S.R. 262(E). In exercise of the powers conferred by sub-section (1) of section 11A of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government on being satisfied that the reporting entities mentioned in the Table below comply with standards of privacy and security under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act 2016 (18 of 2016) and it is necessary and expedient to do so, and after consultation with the Unique Identification Authority of India established under sub-section (1) of section 11 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 and the regulatory authority, namely the Insurance Regulatory and Development Authority of India, hereby notifies the reporting entities specified in the Table below to undertake Aadhaar authentication service of the Unique Identification Authority of India under section 11A of the Prevention of Money-laundering Act, 2002, namely:

TABLE

S. No. Name
(1) (2)
1. Bajaj Allianz Life Insurance Company Limited
2 Bharti AXA Life Insurance Company Limited
3 Exide Life Insurance Company Limited
4 HDFC Life Insurance Company Limited
5 ICICI Prudential Life Insurance Company Limited
6 India First Life Insurance Company Limited
7 Max Life Insurance Company Limited
8 PNB Metlife India Insurance Company Limited
9 SBI Life Insurance Company Limited
10 Future Generali India Life Insurance Company Limited
11 Reliance Nippon Life Insurance Company Limited
12 Aegon Life Insurance Company Limited
13 Shriram Life Insurance Company Limited
14 Aditya Birla Sun Life Insurance Company Limited
15 Pramerica Life Insurance Limited
16 Kotak Mahindra Life Insurance Company Limited
17 Star Union Dai-ichi Life Insurance Company Limited
18 IDBI Federal Life Insurance Company Limited
19 Edelweiss Tokio Life Insurance Company Limited
20 Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
21 Kotak Mahindra General Insurance Company Limited
22 Future Generali India Insurance Company Limited
23 Acko General Insurance Limited
24 Royal Sundaram General Insurance Company Limited
25 SBI General Insurance Company Limited
26 HDFC Ergo General Insurance Company Limited
27 Apollo Munich Health Insurance Company Limited
28 Manipal Cigna Health Insurance Company Limited
29 Religare Health Insurance Company Limited

[F. No. P-12011/4/2019-ES Cell-DOR]
RITVIK PANDEY, Jt. Secy.

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