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Insurers are permitted to use Video based identification process for prospective customers: IRDAI

September 22, 2020
66 Views
In order to simplify the process of Know Your Customer (KYC), the IRDAI has permitted insurers to use Video based identification process (VBIP) for prospective customers. VBIP is an alternative process for KYC in paperless form. The insurer while performing VBIP must record clear live video of the customer.
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