Which of the following statements are correct?

A. KYC document is to be collected by the insurer from the proposer

B. Identification of the proposer is the main purpose of KYC

C. PAN card is a proof of one's identity while seeking life cover

D. All of the above

Answer: Option D

Solution(By Examveda Team)

All the statements are correct. KYC document is to be collected by the insurer from the proposer, Identification of the proposer is the main purpose of KYC and PAN card is a proof of one's identity while seeking life cover.