1. Are you LIC policy holder? Your money may be lost if you don’t read this important notice

Are you LIC policy holder? Your money may be lost if you don’t read this important notice

Reading this may save you from a big loss. LIC of India has issued an important notification. The notice by LIC has been issued so as to save their customers from fraudulent activities.

By: | Updated: November 27, 2017 7:13 PM
LIC policy, aadhaar lic policy linking, lic aadhaar fraud, how to link aadhaar card number with lic policy, IRDA, LIC It’s a must-read news for people who have LIC policy. (Photo from LIC Twitter)

It’s a must-read news for people who have LIC policy. Reading this may save you from a big loss. LIC of India has issued an important notification regarding linking of Aadhaar number with your LIC policy through SMS. The notice by LIC has been issued so as to save their customers from fraudulent activities so that people can save their hard-earned money which they have saved for future and important purposes. So, what is the information and guidelines which have been issued by LIC of India for its policy holders? Here are the full details of the notice shared by LIC of India:-

Notice – Regarding linking of Aadhaar Number through SMS

-Our attention is drawn to some messages circulated in social media with our Emblem and logo asking policy holders to link their Aadhaar number by sending SMS to designated number.

-LIC of India informs the public and policy holders that no such message has been sent by LIC.

-Also, no facility to link Aadhaar number to policies is available through SMS in LIC.

-As and when LIC will enable linking of Aadhaar number with policies through SMS, our website will be duly updated of this option

-LIC policy holders are cautioned to check with LIC offices before sharing personal information.”

LIC policy, aadhaar lic policy linking, lic aadhaar fraud, how to link aadhaar card number with lic policy, IRDA, LIC Screenshot of the notice – Regarding linking of Aadhaar Number through SMS

Linkage of Aadhaar number with insurance policies 

Earlier, Regulator Insurance Regulatory and Development Authority of India (IRDA) had said that linkage of Aadhaar number with insurance policies is mandatory and asked insurers to comply with the statutory norms. “The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017,” the IRDA had said.

The government had in June had notified the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, making Aaadhar and PAN/Form 60 mandatory for availing financial services including insurance and also for linking the existing policies with the same.

In a communication to all life and general insurance companies, IRDA had said that the rules have statutory force and as such, they have to implement them without awaiting further instructions.

So, stay safe, do not respond to any unsolicited emails, SMSes that can lead to a big loss for you and your family.

 

  1. R
    Reader
    Nov 27, 2017 at 12:56 pm
    The biometrics-based Aadhaar program is inherently flawed. Biometrics can be easily lifted by external means, there is no need to hack the system. High-resolution cameras can capture your fingerprints and iris information from a distance. Every eye hospital will have iris images of its patients. So another person can CLONE your fingerprints and iris images without your knowledge, and the same can be used for authentication. That is why advanced countries like the US, UK, etc. did not implement such a self-destructive biometrics-based system. If the biometric details of a person are COMPROMISED ONCE, then even a new Aadhaar card will not help that person. This is NOT like blocking an ATM card and taking a new one.
    Reply
    1. R
      Reader
      Nov 27, 2017 at 12:55 pm
      UK’s Biometric ID Database was dismantled. Why the United Kingdom's biometrics-linked National Identi-ty Card project to create a centralized register of sensitive information about residents similar to Aadhaar was scrapped in 2010?? The reasons were the massive threat posed to the privacy of people, the possibility of a surveillance state, the dangers of maintaining such a huge centralized repository of personal information and the purposes it could be used for, the dangers of such a centralized database being hacked, and the unreliability of such large-scale biometric verification processes. The Aadhaar program was designed in 2009 by mainly considering the 'Identi-ty Cards Act 2006' of UK, but the UK stopped that project in 2010, whereas India continued with the biometrics-based program. We must think why the United Kingdom abandoned their project and destroyed the data collected. (Google: 'Identi-ty Cards Act 2006' and 'Identi-ty Documents Act 2010' )
      Reply
      1. S
        Santosh Kumar
        Nov 27, 2017 at 4:48 pm
        No doubt the whole Addhaar thing is flawed, but I would like to ask all those giving example of UK or any other country saying it was started there and has been stopped now, so why India is still pursuing, only one question that why should we follow UK whether it being the introduction of Biometric ID or it getting dismantled. UK is still having Monarchy should we follow that too? if not why not device something of our own, something for our own, so that every now and then we are not giving examples of this and that country.
        Reply
        1. S
          Suman Rajput
          Nov 28, 2017 at 11:09 pm
          Santosh I pray to god you lose everything including your iden y.
      2. R
        Reader
        Nov 27, 2017 at 12:55 pm
        A centralized and inter-linked biometric database like Aadhaar will lead to profiling and self-censorship, endangering freedom. Personal data gathered under the Aadhaar program is prone to misuse and surveillance. Aadhaar project has created a vulnerability to identi-ty fraud, even identi-ty theft. Easy harvesting of biometrics traits and publicly-available Aadhaar numbers increase the risk of impersonation, especially online and banking fraud. Centralized databases can be hacked. Biometrics can be cloned, copied and reused. Thus, BIOMETRICS CAN BE FAKED. High-resolution cameras can capture your fingerprints and iris information from a distance. Every eye hospital will have iris images of its patients. So another person can clone your fingerprints and iris images without your knowledge, and the same can be used for authentication. If the Aadhaar scheme is NOT STOPPED by the Supreme Court, the biometric features of Indians will soon be cloned, misused, and even traded.
        Reply
        1. R
          Reader
          Nov 27, 2017 at 12:54 pm
          The US Social Security Number (SSN) card has NO BIOMETRIC DETAILS, no photograph, no physical description and no birth date. All it does is confirm that a particular number has been issued to a particular name. Instead, a driving license or state ID card is used as an identification for adults. The US government DOES NOT collect the biometric details of its own citizens for the purpose of issuing Social Security Number. The US collects the fingerprints of only those citizens who are involved in any criminal activity (it has nothing to do with SSN), and the citizens of other countries who come to the US.
          Reply

          Go to Top