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of <h1>Government Approves Aadhaar Authentication for Select Insurance Companies Under Prevention of Money-laundering Act, 2002.</h1> The Central Government, under the Prevention of Money-laundering Act, 2002, has authorized certain insurance companies to use Aadhaar authentication services provided by the Unique Identification Authority of India. This decision follows confirmation that these entities meet privacy and security standards as per the Aadhaar Act, 2016. The listed companies include major life and general insurance providers, such as Bajaj Allianz, HDFC Life, ICICI Prudential, SBI Life, and others. This move aims to enhance the integrity of financial transactions by ensuring compliance with established identification protocols.
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