How the insurance industry should use the video kyc to their advantage?
The advent of the video kyc definitely changed a lot for the finance sector. The lockdown situation made it impossible for the banks and other organizations get the verification done remotely. The process is much advanced and takes surprisingly short amount of time to get completed. Ever since then a number of sectors have shown their interest in the procedure and things couldn’t have been better for the businesses and the customers. The insurance industry too started adopting this process after getting the IRDAI’s approval. The industry is certainly deriving the benefits, however, they need to keep certain pointers in mind to use this to their full advantage. Let’s learn more here. The video kyc: How the insurance industry should use it? One very important thing that any industry contemplating on using the video KYC procedure should know is that ultimately they need to keep the user satisfaction in mind. The earlier KYC procedure was full of hassle as there was too much paperwo