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.
Which country has launched a new communication satellite named “Inmarsat-6 F1”?
Which recent initiative in Odisha focuses on renewable energy projects worth ₹4,671 crore?
Who among the following person ranked No.1 among globally on the Brand Guardianship Index 2023?
Defence Research & Development Organisation (DRDO) and Indian Navy conducted the successful maiden test trial of ‘ADC-150’ from IL 38SD aircraft off...
Hwasong -17 or the Monster missile is being launched by which of the following countries which can travel as far as 15,000km.
Which film has been selected as the 'Film of the Year' at the Dadasaheb Phalke International Film Festival 2023?
Central Government approved the purchase of how many HTT-40 Basic Trainer Aircraft?
RBI has permitted banks from how many countries to open Special Vostro Rupee Accounts (SVRAs)?
Consider the following statements with respect to the data provided by the Reserve Bank of India on the bank credit provided to various sectors-
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Who is the first woman police commissioner of the state Uttar Pradesh?
