A memorandum of understanding will be signed between India’s largest state run life insurer company Life Insurance Corporation (LIC) and the Unique Identification Authority of India (UIDAI). LIC is the first insurer company to sign MoU with UIDAI.
According to CNBC sources under this deal UIDAI will be able to use LIC database. However the official announcement of the deal is likely to be made today.
According to reports the Finance Ministry has set up a technical advisory group for the unique identification (UID) project, which has been renamed as Aadhar. The group is the part of budget division of the Department of Economy Affairs. The technical advisory group has seven member team headed by Nandan Nilekani.
Some of the members of the team are Securities and Exchange Board of India (Sebi) Chairman CB Bhave, IT Secretary R Chandrasekhar, Dhirendra Swarup and Nachiket Mor. The group will provide suggestion on the technical, administration and human resource issues for UID’s various projects.
The group will be helping in the projects related to goods and service tax (GST), network and pension schemes, national treasury and management of agency and expenditure information.
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