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26-05-2017
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Documents Required For Life Insurance

Keywords : IRDA Documents Life Insurance Address Proof 

IRDA now has laid certain guidelines with concern to the documents required for the policy to be insured. The insurance companies have to follow all the requirements of the IRDA regarding the address proofs and identity proofs of the insurer.

Unit-linked policies are more in demand because of certain advantages such as flexibility, transparency, simplicity, liquidity and efficiency in fund management. The ULIP markets saw a lot of changes recently which has made them better and more transparent to invest. The documents required are:

For identity proof:
Passport
PAN Card
Voters Identity Card
Driving License
Letter from a recognized public authority or public servant verifying the identity and residence of the customer

Document Required For Insurance

For address proof:
Telephone bill
Bank account statement
Letter from any recognized public authority

Now a days, Insurance Agents are asking for a photo, as most Insurance companies have option to add a photo to your application.

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