Insurance fraud in Bangladesh costs the industry hundreds of crores annually — most of it driven by identity mismatch at policy issue or claim. KYC.bd verifies policyholders at the point of sale, captures verified beneficiaries during the policy term, and re-verifies claimants at first notice of loss.
Where insurers deploy KYC.bd
- Policy issue: NID + selfie + nominee NID, all in a single agent-assisted or self-serve flow.
- Underwriting: Document OCR for medical certificates, salary slips, and tax returns.
- Claims: Re-verify the claimant's liveness against the original onboarding selfie — a 30-second check that eliminates the most common impersonation pattern.
- Bancassurance partners: Shared KYC tokens with partner banks via our consent-receipt format.
Pairs naturally with our liveness detection API and document OCR. For the regulatory backdrop see what is KYC.