Consent of clients must to use Aadhaar for e-KYC

The insurers have to maintain KYC records of their clients

The Insurance Regulatory and Development Authority of India (Irdai) has said insurance companies can access details of policyholders provided by the Unique Identification Authority of India (UIDAI) only with their consent. 

“It is hereby clarified that for accessing the details of the client from UIDAI for identification and authentication shall be with the consent of the client on a voluntary basis,” it said.

UIDAI had issued the Aadhaar (Authentication) Regulations, 2016, prescribing the procedure for e-KYC (Know Your Customer) authentication of Aadhaar number. Irdai has said insurers should perform the verification of clients through e-KYC authentication facility provided by UIDAI.