Video based KYC in Insurance Sector
Banks and Financial services
History & Functionality: Insurance is a contract of assurance between the Insurance company and an Individual / Organization to mitigate risk . It is an understanding with the insurance company that by paying a regular premium, the customer will be eligible to cover any unfortunate loss that occurs like Road Accident, Fire accident, Property loss, Loss of life etc., subject to the terms and conditions mentioned in the type of policy purchased examples Eg : Life Insurance, General, Motor, Health, Property etc., for different purposes and needs.