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of <h1>Insurers Required to Collect PAN for Insurance Policies with Annual Premiums Over Rs. 1 Lakh Effective Immediately.</h1> The circular mandates that all insurers must collect Permanent Account Numbers (PAN) from individuals purchasing high-value insurance products with annual premiums exceeding Rs. 1 lakh per policy. This requirement is effective immediately, and insurers must confirm compliance with the directive to the Authority by August 1, 2009.
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