Insurance Regulatory and Development Authority (IRDA) in its recent circular has made PAN mandatory on all high value insurance products.

From 24th July 2009 onwards, buyers of Insurance policies whose annual premium is more than Rs. 1 lakh per policy, will have to provide their PAN card details to insurance companies.

-NKJ

NitiN Kumar Jain

Nitin works in an IT MNC professionally but blogs and owns NKJ Live. He is also the co-owner of a professional start-up ARGHAM BYTES

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