Bajaj Allianz Life eases policy purchase by implementing Aadhaar based e-Kyc
Ensures faster policy issuance, seamless customer onboarding and 100 per cent paperless process
cityairnews
Jul 12, 2021 02:18
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Pune: Bajaj Allianz Life, one of India’s leading private life insurers, has introduced a 100% paperless and digital process of Know your Customer (KYC) to enable instant customer verification at the time of issuing a life insurance policy. With this e-KYC process, customers can now digitally authenticate their identity while buying an insurance policy from anywhere, anytime, by just providing their Aadhaar card details to the insurer.
With e-KYC, customers can eliminate the process of submitting different documents for confirming their identity and address, and simply submit their Aadhaar details that is registered with the UIDAI. With implementation of e-KYC, customers now purchasing a Bajaj Allianz Life policy may not have to submit multiple physical documents such as identity and age proof, address proof, etc. making insurance buying a seamless and easy process. If the details of Aadhaar card are correctly provided, customer details like Name, Date of Birth, Address, , among others will get auto-filled at the insurer’s end through details received from UIDAI thus reducing the time taken to apply for the insurance policy.
Commenting on the e-KYC initiative, Mr. Kayzad Hiramanek, Chief – Operations & Customer Experience, Bajaj Allianz Life, said, “At Bajaj Allianz Life, it’s our continuous endeavour to make our customers’ engagement with us hassle-free, at every step of their journey with us. I’m happy that with the implementation of e-KYC this experience will be delivered to them right at the start, and we will ensure that we are able to delight them through-out their association with us. We will continue to launch several digitally enabled services towards executing this promise, and offer them simple, secure and effective ways to be connected with us."
