KYC details mandatory while purchasing insurance have been made mandatory by IRDAI from _______.
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.
The Reserve Bank of India and Bank of England has signed a memorandum of understanding. What is the recent development that has occurred between the R...
Which state has recently become the first state to publish an encyclopedia based on tribal communities?
Recently which regulatory body has signed an MoU with Indian Institute of Management (IIM) Sambalpur, Odisha to strengthen the micro and small enterpris...
The second cohort of the startup labs in India has been announced in partnership with Anymind Group and T-Hub which is a three-month-long programme aims...
Which of the following private sector bank has also launched DigiKCC platform for digitization of the Kisan Credit Card (KCC)?
Exercise Pitch Black 2022 scheduled to be held from 19 Aug 22 to 08 Sep 22 in which country?
The Securities and Exchange Board of India (SEBI) has banned IIFL Securities from onboarding new clients for how much tenure for alleged misuse of clien...
Which Indian-American has been appointed as the new Chief Financial Officer of Tesla?
________ and Siemens Ltd. signed a Memorandum of Understanding (MoU) to demonstrate the feasibility of hydrogen co-firing blended with natural gas.
Recently Ministry of Micro, Small and Medium Enterprises (MSMEs) joins hands with which of the following IIT to facilitate the MSME Design Innovative Sc...