News From Press KYC mandatory for buying health, auto, and other insurance from 1 Jan

KYC mandatory for buying health, auto, and other insurance from 1 Jan

Source: Mint Jan 2, 2023

From today onwards, policyholders will have to provide Know Your Customer (KYC) documents for buying all insurance policies. The Insurance Regulator and Development Authority of India (IRDAI) has made KYC norms mandatory for buying health, auto, home, etc for the purchase of all new insurance policies. The rule applies to all types of insurance--life, general, and health insurance.

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1 Comment

Prashant · 1 year ago `

This article says and ofcourae the regulator says that the claim process may become faster which means there is no surety of this. Also giving discount to people who have taken 3rd vaccine shot is nothing but to benefit vaccine companies and this way insurance companies will tie up with vaccine companies to earn more money by profit sharing.

Shame shame shame

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