In astatement given on November 8, 2017 by the regulator, Aadhaar-insurance policy linkage has been made compulsoryunder the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017.
“Central Government vide gazette notification dated 1st June 2017 notified the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 making Aadhaar and PAN/Form 60 mandatory for availing financial services including Insurance and also for linking the existing policies with the same,” IRDAI said.
The notification was back in 2017. SC judgment and recent amendment will change the position.