Holi Offer - Use Code HOLI24

Register Now

IRDAI Forms Task Force to Facilitate Ease of Doing KYC Using Aadhaar

Published on May 19, 2023
Current Context: IRDAI (Insurance Regulatory and Development Authority of India) has formed a task force to facilitate ease of doing KYC (Know Your Customer) by insurers using Aadhaar, the 12-digit individual identification number.
IRDAI Forms Task Force to Facilitate Ease of Doing KYC Using Aadhaar
  • The task force has been asked to suggest measures to ease the onboarding of customers using Aadhaar, and to develop safeguards for preventing frauds at underwriting and claims stages.
  • It has also to suggest measures for improving the traceability of customers and beneficiaries to reduce unclaimed amounts of policyholders. The task force has been asked to submit its report within one month.

Question:

Q.1 What is the name of the regulator that has formed a task force to facilitate ease of doing KYC using Aadhaar?
a. RBI
b. SEBI
c. IRDAI
d. TRA
ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu