The eKYC option will enable insurers to replace a set of documents such as photograph, identity and address proof with Aadhaar In a bid to simplify the process of insurance purchase, the Insurance Regulatory and Development Authority of India (Irdai), on Friday, allowed insurance companies to avail the Aadhaar-based authentication services of the Unique Identification Authority of India (UIDAI) to fulfill the Know Your Customer (KYC) norms.
However, the regulator has prescribed a list of companies who can undertake eKYC in the coming days. Find the complete list here.
The eKYC option will enable insurers to replace a set of documents such as photograph, identity and address proof with Aadhaar.