Aadhar is a 12 digit unique biometric identification number which was introduced by the Government of India to bring in all the residents under one identification system.
The aadhar number acts as an Identification proof as well as Proof of Address and the same can be used to avail various government-run welfare schemes. Currently, Aadhaar has grown to be one of the world’s largest biometric identification scheme covering most of the population in India.
The procedure to link aadhar with SBI Insurance Policy can be done both via online as well as offline method. The country’s largest public-sector lender – State Bank of India has a maximum number of branches which are located across the length and breadth of the country. The bank’s insurance arm strives to be the most trusted and preferred life insurance provider to the general public catering to a wide range of customer base from all walks of life.
The mapping of aadhar and SBI Life Insurance Policy is an easy process and it can be completed by following the below mentioned simple steps:
Step 1: Visit the official SBI Life Insurance web portal
Step 2: On the home page, individuals can see an option to link Aadhar with PAN Card.
Step 3: Proceed further and click on the option which redirects to a new page.
Step 4: Now one can either opt to enter the policy number or Customer ID, followed by the date of birth and verification text.
Step 5: Now click on the “Submit” button.
Step 6: Now you will be redirected to a new web page wherein you will be required to enter all the details related to your policy and your Aadhar number and PAN details.
Step 7: Proceed further and click on “Submit”, you will receive a message if your aadhar update was successful or unsuccessful.
Follow the below-mentioned steps to link Aadhaar with SBI Life Insurance Policy through offline mode:
Step 1: Visit the nearest branch of the State Bank of India by carrying a copy of aadhar number, PAN card details and policy details.
Step 2: Request for an Aadhar update form from the bank’s executive
Step 3: Duly fill in all the details as mentioned in the form and cross-check it once before submitting.
Step 4: Attach the self-attested copies of Aadhar card and PAN card details along with the form
Step 5: Submit the form to concerned officials.
Step 6: A verification process will be done by the bank officials post the verification, your PAN card and Aadhar card details will get updated with the SBI Life Insurance policy.
The following are the list of documents required to link SBI Insurance Policy with aadhaar number:
1. SBI Life Insurance Policy
2. Aadhar Card
3. PAN Card
The SBI Life Insurance Company is a joint venture between the public sector based State Bank of India (SBI) and BNP Paribas Cardif s.a. The BNP Paribas is a French-based multinational bank and a financial service provider with its headquarters located in Paris. SBI has 62.1% of the total capital and BNP Paribas Cardif owns 22% of capital in SBI Life Insurance. The insurance provider is listed on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). It was founded in the year 2001, headquartered in Mumbai. It mainly sells insurance-related products across the country. During 2007, CRISIL Ltd, a subsidiary of the global rating agency, Standard & Poor’s gave the company AAA/Stable/ P1+ rating.
During the initial stage of its business, the SBI Life Insurance was mainly from the bancassurance channel but now it is developing its agency team which sells its life insurance products.
Q: Is it mandatory to apply for Aadhaar card?
A: Aadhhar card is one of the major document as it serves as identification proof as well as address proof. To avail, all the government services securing Aadhaar card is mandatory. If you do not have an Aadhaar card, you can get it from nearest Aadhaar enrolment centre. If you have already applied for Aadhaar card and have not yet received it, you can use the enrolment number on the acknowledgement slip for a temporary purpose.
Q: Will linking my Aadhaar card with the Life Insurance Policy affect the tax benefits?
A: You can claim tax benefits under your insurance policy without facing any problems by linking aadhar with your life insurance policy.