FAQs

What is KYC in Life Insurance?

KYC stands for ‘Know Your Customer’. It is a process through which your identity and address are verified.

Through this process institution such as Banks, Insurance companies and other agencies can have authentic information about you. KYC is a vital process and helps curb the cases of financial fraud and false identity.

KYC has two parts:

a. Central KYC
b. Additional KYC

Types of KYC

a.E-KYC: This can be done online by self-attesting the E-AADHAR and using the e-sign facility. Note that for this your AADHAR must be linked with mobile.

b. Offline KYC: This can be done by downloading the form and submitting it physically to the relevant authority’s office.

Documents Required for KYC

Keep the following documents with you if you are going for KYC

a) AADHAR card
b) Pan card
c) Voter ID
d) Bank Statement
e) Telephone bill/Electricity bill