Month: May 2020

NPCI brings back Aadhaar-based electronic NACH

National Payments Corporation of India (NPCI) has allowed banks and other lenders to take recurring payment mandates from consumers through Aadhaar, after receiving relevant clearances from the central government. This opens up Aadhaar-based authentication and mandates from consumers which was stopped after the Supreme Court’s verdict prohibiting private enterprises from accessing […]

Know eligibility and other details of Arogya Sanjeevani

The Insurance Regulatory and Development Authority of India (IRDAI) on April 1 launched the Arogya Sanjeevani — a standard health insurance policy for individuals and families. The regulator mandated all insurance companies to offer this policy which provides coverage of up to Rs 5 lakh for basic hospitalisation-related expenses. The […]