You must be aware that linking the Aadhaar number with your car insurance policy is made mandatory by the government. Although the earlier deadline for Aadhaar linkage was 31st December 2017, the government has now extended the timeline to link the Aadhaar details with financial services to 31st of March 2018. This move has been undertaken with a view to create a unified platform for all the financial services and encourage the digitisation initiative.
So, insurance policyholders must understand the need to link their Aadhaar numbers with their car insurance policy, as not doing the same may lead to problems during the claim settlement process.
Your car insurance policy can be linked to Aadhaar both online and offline. Most of the insurance companies have started offering online Aadhaar linking, but you can also do it offline by visiting their branch.
Understand the documents needed
For linking your Aadhaar you must have your vehicle insurance policy number, Aadhaar number and PAN available. In case your Aadhaar number is not available then you are required to provide proof of application of Aadhaar enrolment. In addition, you need to provide your PAN details for the KYC requirement.
Linking Aadhaar number with car insurance policy via online mode
To link your Aadhaar number online, you need to visit the insurer’s website where you will find the 'link Aadhaar card' option. Click on that option. Furnish all the required details such as car insurance policy number, engine number and chassis number in the respective boxes. Click the submit button. A one-time password (OTP) will be sent to the registered mobile number. Finally, enter the Aadhar number to get the Aadhaar linked to your car insurance policy.
Online linking for registered user:
If you are a registered insurance customer, you can simply log in to the customer service portal of your car insurance company and add your Aadhaar details to your profile.
Online linking for non-registered user:
If you are not a registered online customer, you can visit the car insurance company website and complete the required process. Here, you will have to furnish details such as policy number, PAN, date of birth, email id, mobile number and Aadhaar number.
Linking Aadhaar number with car insurance policy via offline mode
You can accomplish the task of linking your Aadhaar number offline by visiting the nearest branch office of the insurance company. While visiting the branch, don’t forget to carry a self-attested copy of Aadhaar card. Submit it to the officer and get the Aadhaar and insurance policy linked
Benefits of linking Aadhaar number with car insurance policy
The linking process will ensure that money laundering and malpractices are prevented
The claim settlement process will become faster and smoother as the claim amount will directly get credited to your bank account
The motive is to enhance customer experience
Also, the insurance administration process will become hassle-free
The linking of Aadhaar number to your car insurance policy is as important as buying a policy itself. Although motor insurance is mandatory in India, having a comprehensive car insurance policy should also be considered. Looking at the number of benefits it offers and the easy availability online, you must immediately act upon it and buy car insurance online. With the kind of traffic we have, you will hardly find a day not hearing about vehicles banging into each other causing major damages.
You may be confident about your driving skills and tend to avoid buying a comprehensive motor insurance cover as it always pinches to pay the premium, especially when you do not have to make any insurance claim. But you will realise the value of comprehensive car insurance when you need to make an insurance claim yourself. No matter how good or safe driver you may be, you are always exposed to the risk of getting hurt by somebody else's negligence. Comprehensive car insurance will benefit you as it takes care of your own damage as well as the third-party damage.
If you are first time buying a car insurance policy, you will need to give details of your Aadhaar number at the time of buying the policy. Those who have already bought the policy, get it linked with your Aadhaar number before 31st March 2018.