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Insurance Use Case
The First Step to a Safer
Policy is a Verified Identity
From digital policy purchases to claim settlements, QuickEKYC helps insurers validate identities securely, quickly and at scale.
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Key Challenges in Insurance KYC

⏳ Slow Policy Issuance

Manual KYC and document collection delay policy activation, especially in online or remote onboarding.

🎭 Fraudulent Claims

Lack of proper identity verification results in fake or duplicate claims, leading to financial loss.

👥 Incomplete Nominee Verification

Failure to verify nominee identity causes payout delays and claim settlement disputes.

👤 Unverified Insurance Agents

Onboarding POSPs or DSAs without proper KYC increases the risk of policy mis-selling and non-compliance.

📄 Manual Claim Document Checks

Claim processing is slowed down by manual ID, bank and document verifications.

🔐 Identity Theft During Remote Enrollment

Lack of face match and liveliness detection opens doors to impersonation in remote KYC processes.

Real Use Cases in Insurance

Policyholder Onboarding

Quickly verify new customers during policy purchase using:

  • Aadhaar Verification
  • PAN Validation
  • Bank Account Verification

Speeds up policy issuance by over 60%, while reducing onboarding fraud.

Nominee Verification

Ensure the nominee’s identity before releasing claim benefits using:

  • PAN Validation
  • Bank Account Verification
  • Aadhaar Masking

Enables faster and safer claim settlement with verified nominee records.

KYC for Microinsurance Buyers

Verify low-income customers under PMJAY or micro insurance using:

  • Aadhaar OCR
  • Voter ID OCR
  • MNRL Check

Ensures inclusive coverage while keeping KYC fast and compliant.

Measurable Benefits for Insurance Companies

Policy issuance time reduced by 80–85%

Up to 90% reduction in manual documentation

Fraudulent claim attempts reduced by 70%

Nominee and claimant verification sped up by 60–65%

The Last Word on Smarter KYC

Whether it’s a ₹500 health policy or a ₹50 lakh life cover, trust starts with knowing your customer. QuickEKYC empowers insurers to onboard users faster, settle claims quicker and stay fully compliant with regulations. All without paperwork or delay.

For insurers who want to scale responsibly, QuickEKYC is the smartest investment in digital trust.

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Frequently Asked, Clearly Answered
  • Why is KYC important in the insurance industry?

    KYC ensures that only verified individuals or entities can purchase, claim, or manage insurance policies. It helps prevent fraud, ensures regulatory compliance (IRDAI) and builds customer trust.

  • Can QuickEKYC be used for instant policy issuance?

    Yes. QuickEKYC enables real-time identity verification using PAN, Aadhaar, Passport, or Driving License helping insurers issue policies instantly and paperlessly.

  • How does QuickEKYC help in claim verification?

    QuickEKYC verifies the claimant’s identity through face match, document validation and bank account verification, reducing fraud and speeding up claim approvals.

  • Can QuickEKYC be used to onboard insurance agents or POSPs?

    Yes. Insurers can verify agents, DSAs, or POSPs through PAN, Aadhaar, UAN and face match, ensuring a secure, compliant and fraud-free agent network.

  • How does QuickEKYC improve customer onboarding?

    It eliminates paperwork and manual verification, reducing onboarding time from days to under 5 minutes, boosting conversions and customer satisfaction.

  • Can QuickEKYC be used for nominee or beneficiary verification?

    Yes. During onboarding or claim processing, QuickEKYC can verify the nominee’s ID and bank account details to ensure legitimate claims and smooth payouts.

  • What documents can be verified using QuickEKYC?

    PAN, Aadhaar, Voter ID, Passport, Driving License, bank account details and income proof documents (via OCR) all securely processed.

  • Does QuickEKYC support online and remote verification?

    Yes. QuickEKYC works through web links making it ideal for remote or online-first insurance platforms.

  • Can QuickEKYC be integrated with our policy management or CRM system?

    Absolutely. QuickEKYC offers REST APIs that integrate seamlessly with CRMs, LMS, or policy issuance portals.

Explore QuickEKYC’s Full Suite of Identity Solutions
KYC Verification APIs
Instantly verify Aadhaar, Driving Licence, bank accounts and more with powerful KYC APIs built for scale and compliance.
🔎 Explore APIs >
eSign
Digitally sign documents using Aadhaar-based or standard eSign. Fast, secure and legally compliant.
📄 Start Signing >
QuickOCR
Auto-extract data from IDs like Aadhaar, DL, Passports and many more using AI-powered OCR.
📷 Scan & Verify Now >
Bank Verification API
Verify bank accounts instantly with real-time account number, IFSC and holder-name matching. Eliminate payout errors and prevent fraud.
🏦 Explore APIs >
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