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The Insurance Regulatory and Development Authority of India (IRDAI) has mandated that all policyholders must provide their Know Your Customer (KYC) details when purchasing any type of insurance policy from January 1, 2023. This requirement applies to all individuals and entities purchasing insurance in India and is intended to ensure that insurance companies have accurate and up-to-date information about their policyholders. Providing KYC details helps to prevent fraud and money laundering, and ensures that policyholders receive the full benefits of their insurance coverage. Currently, KYC documents are only required when making a claim worth over Rs 1 lakh. Under the new insurance rule, KYC documents will be required even while purchasing a new policy.
1 kilowatt is equivalent to:
Minimum support price was applied on the recommendation of _____.
The ozone layer thickness is measured in:
Where was India’s first Artificial Intelligence (AI) school opened at?
_________ is the author of the book ‘Whereabouts’.
Which of the following is a/an plant hormone?
Where is the headquarters of Coalition for Disaster Resilient Infrastructure (CDRI)?
Which organization is responsible for regulating the stock market in India?
In which year was the “Namami Gange Integrated Conservation Mission Programme” approved by the Government of India?
What does MSP (Minimum Support Price) aim to achieve for farmers?