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List Of Insurance Companies That Will Accept eKYC For Purchases

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In light of the COVID-19 lockdown situation, the Insurance Regulatory and Development Authority of India (IRDAI) issued a notification on Friday allowing some insurance companies to provide the Aadhaar-based authentication to complete KYC procedure to provide insurance services.

List Of Insurance Companies That Will Accept eKYC For Purchases
 

"To facilitate general public to easily fulfil Know Your Customer (KYC) norms while availing insurance services, IRDAI has recommended for allowing insurance companies to avail Aadhaar Authentication Services of the Unique Identification Authority of India. Central Government has permitted, vide Gazette notification dated April 23, 2020, some of the insurance companies to undertake the Aadhaar authentication services," IRDAI's press release said.

It further named the following companies which will provide paperless KYC services in the coming days to its customers/policyholders/claimants:

  1. Bajaj Allianz Life Insurance Company Limited
  2. Bharti AXA Life Insurance Company Limited
  3. Exide Life Insurance Company Limited
  4. HDFC Life Insurance Company Limited
  5. ICICI Prudential Life Insurance Company Limited
  6. India First Life InsuranceCompany Limited
  7. Max Life Insurance Company Limited
  8. PNB Metlife India Insurance Company Limited
  9. SBI Life Insurance Company Limited
  10. Future Generali India Life Insurance Company Limited
  11. Reliance Nippon Life Insurance Company Limited
  12. Aegon Life Insurance Company Limited
  13. Shriram Life InsuranceCompany Limited
  14. Aditya Birla Sun Life Insurance Company Limited
  15. Pramerica Life Insurance Company Limited
  16. Kotak Mahindra Life Insurance Company Limited
  17. Star Union Dai-ichi Life Insurance Company Limited
  18. IDBI Federal Life Insurance Company Limited
  19. Edelweiss Tokio Life Insurance Company Limited
  20. Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
  21. Kotak Mahindra General Insurance Company Limited
  22. Future Generali India Insurance Company Limited
  23. Manipal Cigna Health Insurance Company Limited
  24. ACKO General Insurance Limited
  25. Religare Health InsuranceCompany Limited
  26. Royal Sundaram General InsuranceCompany Limited
  27. SBI General InsuranceCompany Limited
  28. HDFC Ergo General Insurance Company Limited
  29. HDFC ERGO Health Insurance Limited (Formerly Apollo Munich Health Insurance Company Limited

The Aadhaar-based enable the customer to provide the necessary authentication proof without having to visit the insurance company's service centres. However, while Aadhaar serves as photograph, identity and address proof, the customer will have to submit scanned copies of medical statement or income proof, if required for the policy.

Story first published: Saturday, April 25, 2020, 9:48 [IST]
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