OneInsure Blog
Post By Mariya Panwala
Aadhaar Number Now Mandatory For Varishtha Pension Bima Scheme
Comments
Varishtha Pension Bima Yojana, aadhaar number
Are you a Varishtha Pension Bima scheme holder? If yes, then it’s time to make sure that you possess an Aadhaar card.
What is
Varishtha Pension Bima Scheme is an LIC pension plan for senior citizens. Under this plan, the policyholder is required to make a lump sum payment
The News
The finance ministry on 20th of November, 2017 declared that those who hold Varishtha Pension Bima Yojana have to either supply evidence of possession of an Aadhaar number or go through Aadhaar authentication to be eligible to receive benefits under the plan.
The policyholders who do not possess Aadhaar numbers are
From 20th of November, the notification has become effective across the country except for the following states –
- Jammu & Kashmir
- Assam
- Meghalaya
Amid this, however, the Supreme Court is yet to provide a final decision in response to the petitions received that challenge the legality of Aadhaar claiming it to be an interference into a citizen’s basic right to privacy. A bench of judges will discuss
To receive further updates on this subject, keep following OneInsure.
(Source and Credits: Economic Times)
