The government has made it mandatory for consumers to link many important services with Aadhaar. You too may be getting frequent reminders to link your banks account, mutual fund and mobile number with Aadhaar. Recently, the Reserve Bank of India also clarified that it is mandatory to link bank accounts with Aadhaar.
The latest addition to this list are insurance policies. In a circular, the Insurance Regulatory and Development Authority of India (Irdai) has stated that linking of Aadhaar number to insurance policies is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017.
