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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.
What is the new base year for the Wholesale Price Index (WPI) after the government appointed the working group in December 2024?
Which of the following has decided to include government papers issued by the Reserve Bank of India (RBI) under the fully accessible route in its widely...
Archaeologists recently found the world’s oldest known cave picture in Leang Karampuang cave. This cave is associated with which country?
What agent is primarily responsible for converting milk into curd?
Who among the following is the author of the book titled "Gandhi: Politics and Communalism"
Consider the following in regards to the Khelo India Para Games :
1) The first edition of the Khelo India Para Games concluded at Gurugram.
<...Which organization discovered and designated the Sundargarh Natural Arch as the largest natural arch in India with the Geo Heritage badge?
‘Ganga Mashal’ is an initiative started from which of the following states?
Recently on 20th April, 2022, the ‘SAANS Campaign’ has been launched by which state in India?
Which organization played a pivotal role in designing the Project 17A warships, including India's latest warship Mahendragiri, showcasing the country's ...