Have you got any LIC plans? Or do you hold an Aadhaar card?
It may be beneficial for you to know that you can link the two together. It isn’t just to receive all the benefits, but it has also now got made mandatory by the Central Government of India.
So, if you haven’t yet done this, then read on for our step-by-step guide to link Aadhaar with LIC plans Dil Hi To Hai.
What Does LIC Offer?
Both offline and online facilities – making it easy for linking Aadhaar and PAN to your policies.
The Online Method for LIC Plans:
The LIC Plans Offline Method:
Fill in a form and submit with the relevant documents, to an LIC branch.
Once you’re all set up with LIC, you are then ready to link your Aadhaar with LIC plans.
Link Your Aadhaar with LIC Policies – Online Method
1# List all of your LIC policy numbers, while also having your PAN and Aadhar Card to hand.
2# Log into your LIC account personal statement writing.
3# Locate the link saying ‘Aadhaar and PAN with LIC policies.’ Click to proceed to the next step.
4# Your mobile number should already be registered with UIDAI (the Aadhaar card issuer) – you will get sent an OTP. If there are any problems with your mobile number, then you’ll need to contact a nearby LIC branch.
5# You’ll next be taken to a form page, once you’ve ticked the checklist. Fill in all your details like your Aadhaar/policy number etc.
6# Fill in details like:
7# Once done, click on GET OTP and another security code will get sent to the mobile number you registered to your Aadhaar card.
8# You’ll get a message of congratulations for subscribing, and you’ll receive a verification again through either mail/SMS. However, the verification process may take them a few days.
Link your Aadhaar with LIC Policies – Offline Method
You will need the correct forms, documents, and other details, and it can get posted to your nearest LIC branch. However, compared to doing it online, the process may take you longer.
The Benefits of Linking Aadhaar with LIC Plans
It was a move by the Government to create a more transparent financial market for India. They intend to connect Aadhaar with all of these services Dil Hi To Hai Episode:
It then moved onto bank accounts, mutual funds portfolio, post office accounts and mobile phone.
The whole purpose of linking your Aadhaar card is so everything is a lot easier to administer and manage, as well as keeping up to date with any changes.
The deadline for all services is December 31st, with exception to your mobile number – which is February 6th.
What Happens If You Don’t Link Aadhar with LIC Policies
The policy will continue (as long as you collect the KYC documents). However, things can get complicated, most notably with your health insurance plans – if you were to make a claim, the insurers would ask for KYC documents linked with Aadhaar, as they have to pay the subjected claims.
As the rules are now getting followed, it may cause unnecessary stress and hassle, and may even affect your claim.
So it’s a good idea to integrate them now, and as explained above, the process won’t take you more than ten minutes online.
The Reserve Bank of India:
In a press release, the bank stated that linkage of an Aadhaar number to a bank account is mandatory under the Prevention of Money-laundering – from the Maintenance of Records, Second Amendment rules.
It got published on June 1st, 2017, and all Indian banks have implemented them without any further instructions.
If you don’t already have an Aadhaar card, then you are missing out on the following benefits:
Simplify tax returns by using the guide online, which helps reduce documentation.
You log into the Tax department website with your PAN number and do the e-filling – with the option to generate a one-time Aadhaar password.
Then you can upload your ITR (Tax Return) forms.
Better Passport Service
You can get a passport within ten days.
Open Bank Accounts Instantaneously
Opening an account is a lot quicker and easier to manage.
Accurate Pension Repayments
For senior citizens, you can receive your payments on time, while also getting to skip all the documentation involved.
No Hassle in Provident Fund Disbursement
By linking Aadhaar card, you can get paid Provident Funds directly into the pensioner’s bank account. It saves effort and time.
The Bottom Line
Not only have we told you how to link Aadhaar card with LIC plans, but we have highlighted all the advantages of doing so too. It saves time, paper, effort, and money – plus it’s now the norm to operate in Indian society.
So if you haven’t done so already, make sure you write down for your next job: link Aadhaar with LIC plans More.