Consider the following statements:1. Aadhaar metadata cannot be stored...
Statement 1 is not correct: Aadhaar Metadata Cannot be Stored For More Than 6 Months.
Statement 2 is not correct
Statement 3 is correct. The Insurance Regulatory and Development Authority of India tosaid that linkage of 12-digit Aadhaar number to insurance policies mandatory requirement under the prevention of money laundering rules for existing and new policies.
“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,”
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Consider the following statements:1. Aadhaar metadata cannot be stored...
Correct Answer: C) 3 only
Explanation:
1. Aadhaar metadata cannot be stored for more than three months:
This statement is incorrect. As per the Aadhaar (Data Security) Regulations, 2016, metadata related to authentication transactions can be stored for a maximum of six months.
2. State cannot enter into any contract with private corporations for sharing of Aadhaar data:
This statement is partially correct. As per the Aadhaar Act, 2016, sharing of Aadhaar data is prohibited unless it is for the purpose of authentication or with the consent of the Aadhaar holder. However, private corporations can be authorized by the government to perform authentication services using Aadhaar.
3. Aadhaar is mandatory for obtaining insurance products:
This statement is correct. As per the IRDAI (Insurance Regulatory and Development Authority of India) guidelines, Aadhaar is mandatory for buying insurance policies.
4. Aadhaar is mandatory for getting benefits funded out of the Consolidated Fund of India:
This statement is partially correct. As per the Aadhaar Act, 2016, Aadhaar is mandatory for accessing certain services and benefits including subsidies, scholarships, and other schemes funded from the Consolidated Fund of India. However, the Supreme Court has issued several orders restricting the mandatory use of Aadhaar for availing such services.
Consider the following statements:1. Aadhaar metadata cannot be stored...
Edurev is wrong here .. please rectify it .
After the Supreme court judgement holding the mandatory UID requirements unconstitutional,
IRDAI has explicitly stated in its circulars that Adhar is not mandatory to buy an insurance policy.
IRDAI (Insurance Regulatory and Development Authority of India) has clarified that Aadhaar is not required to buy an insurance policy.
statement 3 is incorrect
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