Delhi: Now people have become very aware about insurance. IRDAI has changed the rules to maintain public confidence in the insurance industry. KYC has become mandatory to buy insurance from January 1. Better regulations in the industry have made insurance more transparent. It is expected that after the new changes of IRDAI, customer complaints will be reduced and claim settlement will also be done in a better way.
what is the new rule
As per IRDAI regulations, from January 1, 2023, it has become mandatory for insurance companies to ask for KYC documents from consumers for issuing any general insurance policy. This new rule will also apply to health, travel, two-wheeler, car-insurance or other insurance policies. Earlier this rule was not mandatory for buying the policy. Earlier customers could buy the policy without KYC and only KYC documents were required to be submitted at the time of claim. That too when the claim amount is more than Rs 1 lakh, but now customers will have to submit KYC documents at the time of purchase or renewal of their policy. KYC is already done for loans, bank accounts, demat, mutual funds and other financial products.
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It is very easy to do C-KYC or Central KYC. A person who has invested in shares or mutual funds will already have a KYC number. Anyone who has this number can show it to the insurance company while buying the policy. If one does not have one, he/she can obtain a C-KYC number from the insurance company by showing his/her PAN card.
E-KYC is mandatory for many things other than insurance. For example, if you want to get a prepaid or postpaid mobile number, then e-KYC is mandatory. It is an Aadhaar based verification process and can be easily done online. In case the policyholder does not have any of these documents, he can also show the proof of identity and address to the insurance company. Not only this, KYC number can also be obtained by showing passport or driving license.
Delhi: Many smart phone lovers think that buying a second hand phone is a different kind of fun, but sometimes this fun becomes your punishment, in today’s era, there is more trend of buying old second hand phones than new ones. However, buying a new phone may not be an option every time, especially if you are a gadget freak who is always on the lookout for the latest model. You should also know when it is time to upgrade to a new smartphone. Whatever your reasons for choosing a used smartphone, you should remember that buying a used or second hand device can be a difficult task, as there are a lot of frauds and fake cell phones flooding the market . Considering that second hand mobile phones can also be faulty and often do not claim any warranty cover, proper due diligence of a used handset should be done. So how do you make sure you are getting a good deal which is extremely value for money? Here are some features that can lead to a good experience for you.
1. Stay away from stolen phones
If someone is tempting you to sell the phone cheaply, then be careful, because it is possible that the phone could be stolen. After all, one such phone call could eventually land you in jail along with your money. Whenever you want to buy a second hand phone, ask for a proper receipt or bill of that mobile phone, otherwise don’t buy it. To save yourself from such unnecessary hassles, ask for either a soft copy bill or a hard copy bill from the shopkeeper. Then look in the battery compartment area of the second hand phone for the IMEI (International Mobile Equipment Identity) sticker or type *#06# (the universal IMEI code that is with almost all GSM mobile devices) to double-check its IMEI number. Can and can be matched. The serial number on the bill and on the packaging box works on both iPhone and Android phones. Note that dual SIM mobiles will have two IMEI numbers while single SIM mobiles will have one IMEI number. If the numbers on the bill match, you can be sure the phone hasn’t been robbed.
2. Beware of Fake Phones
It is a fact that today the market flourishes with a plethora of fake Chinese or Korean phones which are mere replicas of their original models and are quite difficult to spot with the naked eye. Knowing that the internal stickers of the phones contain important information like their IMEI number, model number, etc., many a time fraudsters replace these stickers with fake stickers that bear no resemblance to the genuine model number. The sale of counterfeit smartphones causes a worldwide loss of $48 billion annually. You can do the following checks to make sure your shopkeeper is not ripping you off. To ensure that the model being sold to you is genuine, search the phone’s Settings menu to find its model number and other hardware. Compare the model number printed on the sticker on the back of the phone or its battery. You can take advantage of the hardware to further check whether they match the numbers given by the manufacturer for that particular model.
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3. Do a complete physical inspection of the phone
Now that you’ve confirmed that the phone you have is neither stolen nor counterfeit, it’s time to unlock the phone and make the most of the right features of a used smartphone or tablet. Take a look After checking health IMEI number you should see phone battery. If the battery is more than 80% bad then you should avoid buying that phone as it may be a damaged phone which may have some issues. This can also be a reason for the poor performance of the phone, that scratch, port, speaker, both front and rear cameras and check all the parts of the phone properly. So that after buying the phone you do not face any kind of problem. VISIT YOUR 2 SMARTWATCH IN INDIA VERIFY ALL FUNCTIONS OF THE PHONE ARE WORKING Insert sim, make phone calls, send messages, play games, play music, take photos and connect to Wi-Fi to verify that all its hardware and software is working correctly.
4. Get the best price for a second hand phone and save money
Over time, the price of a particular model can drop rapidly as upgrade mobiles sell for more. If you are planning to buy a new handset then you must also know how to choose and buy a new smartphone. In the event that a used phone still turns out to be cheap, negotiate wisely, negotiate the best price with the dealer keeping in mind the condition of the phone and save your money as well.