1. Documents Required

2. Proofs required for Individual/non-Individual cases
Document Required
KYC Grid.
Proofs required for Individual/non-Individual cases
Age Proof Documentation
Documents required for processing the ECS/direct debit
Document Assignment to Employer/Employee
General Guidelines for KYC documents
KYC Requirements
Illustration Requirements
Letter Requirements
General Guidelines

3. KYC Documents Of The Proposer To Be Obtained
*Total annual contribution upto Rs 10,000.
*Total annual contribution is more than Rs. 10,000 and less than Rs 1 lac.
*Total annual contribution is Rs. 1 lac or above
Recent Photograph  
Identification Proof
Residential Proofs for both Mailing Address and Permanent Residential Address.
Income Proof
Legal Person Declaration
[Not applicable for Individual case. Should be taken for non- individual cases only]
Policy Serving Request
Documentation required
Address Change
Proof of revised address
Top-up
Income proof document in case the Top-up premium is Rs.1 Lac or above
Notes:
When a customer applies for a fresh policy, address proof (Mailing and Permanent) should be obtained if the address mentioned on the new proposal from is different from the one mentioned in the existing policy
Income proof should be obtained for a fresh policy if one year has elapsed from the last submission date in an existing policy.
Assignment/Change in owner
Photograph, Identity, address (Mailing and Permanent) and income proof of the assignee in case the Annual Contribution is Rs.1lac or above
Claims
Photograph, Identity and address proof document of the claimant
Please note that all KYC documents submitted should be valid on the date of acceptance
* Total Annual Contribution: Annual Premium paid by the client across all the policies held at BSLI.

4. Proof Required For Individual/Non Individual Cases(Companies/Corporate etc)
Acceptable Documents
Latest Income Tax Assessment order copy
Society Charge payment receipt/Society maintenance Bill
Property Tax documents (not older than two years)
ESIC Cards with address
RC Book Copy
Armed force declaration on plain paper for address with seal and sign of the commanding officer.
Domicile Certificate
Employees I-Card for all public and Pvt. Ltd.
Purchase agreement of flat/land
Flat Allotment letter
Broadband connection bills (not older than 6 months)
Credit Card statement of last 3 months
Letter issued by the Unique Identification Authority of India containing details of name, address and Aadhaar number
Standard Income Proof (To be accepted if: Total Annual Contribution is Rs. 25 Lakhs or Above)
Income tax assessment orders/Income Tax Returns
Employer’s Certificate for income / Regular Pension details.
Audited Company accounts
Audited firm accounts and Partnership
Passport
PAN Card
Voter’s Identity Card
Driving License
Letter from a recognized public Authority or public servant on individual/department letter head with stamp/seal verifying the identity of the customer.
Bankers Certificate with photograph
Employer's Certificate with photograph
Insurer’s Employee Certificate with photograph
Valid Debit / Credit card with photograph
Employees ID Card with photograph
ESIC card with photograph
Armed Force ID cards with photograph
Post office savings A/c, PPF account with photograph
Bar Council ID for Lawyers with photograph
PIO card with photograph
Job card issued by NREGA (The Mahatma Gandhi National Rural Employee Guarantee Act 2005) duly signed by an officer of the State Government
Letter issued by the Unique Identification Authority of India containing details of name, address and Aadhaar number
Telephone bill (not older than 6 months from the date of acceptance)
Bank account statement (not older than 6 months from the date of acceptance)
Mobile Bills( not older than 6 months from the date of acceptance)
Letter from a recognized public Authority or public servant on individual/department letter head with stamp/seal verifying the residence of the customer.
Electricity bill ( not older than 6 months from the date of acceptance)
Ration card
Lease agreement + rent receipt (not older than 3 months from the date of acceptance)
Employer’s letter
Banker’s certificate
Passport
Driving License
Voter’s identity Card
LPG Gas proof from BPCL/IOC/HP/Mahanagar Gas but not older than 6 months
Certificate issued by village panchayat (rural cases) / municipal corporation with address
Personal / Home Loan statement
DMAT account statement
Recent Photograph.
For Individuals:
Document Type:
Photograph
Non-Standard Income Proof (To be accepted if: Total Annual Contribution is less than Rs. 25 Lakhs)
Chartered Accountant’s Certificate with registration number and date
Agricultural Income Certificate
Agricultural-land details and Income Assessments
Bank Cash-flows statements transactions
Pass-book with regular cash flow statement
Salary Slip /Form 16.
Form ‘J’/Mandi Receipt
Financial Justification accepted if attested by Chartered Accountant
Certificate of employment / contract justifying regular income.
Identification Proofs
(Any one with legible/clear photographs only)
Residential Proofs(Any One)
Income proofs (Any One)
Income proof submitted (for both Individuals & Corporates should be –
Latest - not older than 6 months.
Only latest ITR, audited accounts shall be accepted as valid income proofs. For eg : If an application is logged in after July 2010 (for individual case#), a valid ITR would be ITR filed for F.Y. March 2010 with A.Y Old ITRs upto 3 years may be accepted only if supported by any other additional income proof to verify the current source of funds. As per the current Compliance approved KYC list in place.

5. Entity: Sole proprietorship Policy Owner: For Non Individuals
Residential Proof Sole Proprietor
(Any One)
For Non Individuals
Telephone bill (not older than 6 months from the date of acceptance).
Bank account statement (not older than 6 months from the date of acceptance)
Mobile Bills( not older than 6 months from the date of acceptance)
Letter from any recognized public Authority
Electricity bill
Ration card
Lease agreement + rent receipt (not older than 3 months from the date of acceptance)
Banker’s certificate
Passport
Driving License
Registration certificate of the Sole proprietorship firm
Certificate/licence issued by the Municipal authorities under Shop & Establishment Act
CST/VAT certificate of the Sole proprietorship firm
Licence issued by the Registering authority like Certificate of Practice issued by Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Institute of Company Secretaries of India, Indian Medical Council, Food and Drug Control Authorities
Documents required
Income Proofs (Any One)
Identity Proof of Sole Proprietor -
(Any One)
Passport
PAN Card
Voter’s Identity Card
Driving License
Letter from a recognized public Authority or public servant verifying the identity and residence of the customer
Bankers Certificate
Income tax assessment orders/Income Tax Returns
Audited firm accounts
Chartered Accountant’s Certificate
Bank Statements/Pass -Book
Entity:
Sole proprietorship
Policy Owner:

6. For Non Individuals Entity: Company Policy Owner:
Documents Required
Income Proofs (Any One)
Certificate of Incorporation
MOA and AOA.
PAN Card
Income Tax assessment Order
Audited Company Accounts
Chartered Accountant’s Certificate
Bank Statements/Pass Book.
Entity:
Company
Policy Owner:
Legal Person Declaration for Company cases :
As per prescribed format only.

7. Entity: Partnership Policy Owner: Partnership Firm For Non Individuals
Documents Required
Income Proofs (Any One)
Partnership Deed
Registration certificate, if registered
Power of Attorney granted to a partner or a employee of the firm to transact business on its behalf
Income Tax assessment Order
Audited Firm Accounts and
Chartered Accountant’s Certificate.
Bank Statements/Pass book
Entity:
Partnership
Policy Owner:
Partnership Firm
Legal Person Declaration for Company cases :
As per prescribed format only.

8. Entity: Policy Owner: For Non Individuals Karta
Identity Proof (of Karta)(Any one)
Residential Proof (of Karta) (Any one)
Income Proofs (Any One)
HUF -PAN Card
Bankers Certificate
Bank account statement (not older than 6 months from the date of acceptance)
Letter from any recognized public Authority or public servant identifying the Karta’s address
Banker’s certificate
Income tax assessment orders/Income Tax Returns of HUF
Audited Accounts of HUF
Chartered Accountant’s Certificate for HUF income.
Bank Statements/Pass Book of HUF
Entity:
Hindu Undivided family (HUF)
Policy Owner:
Karta
Legal Person Declaration for HUF cases:
As per prescribed format only.

9. For Non Individuals Entity: Trust Policy Owner:
Documents Required
Income Proofs (Any One)
Trust Deed
Certificate of registration, if registered.
Letter from any recognized Public Authority identifying the trust.
Income Tax assessment Order
Audited Accounts of the Trust
Chartered Accountant’s Certificate.
Bank Statements/Pass Book
Entity:
Trust
Policy Owner:
Legal Person Declaration for Trust Cases:
As per prescribed format only.

10. For Non Individuals Entity: Policy Owner: Society
Documents Required
Income Proofs (Any One)
Bye laws
Banker’s Certificate
Certificate of registration, if registered.
Income Tax assessment Order
Audited Accounts of the Society
Chartered Accountant’s Certificate.
Bank Statements/Pass Book
Entity:
Society
Policy Owner:
Legal Person Declaration for Society Cases:
As per prescribed format only

11. For Non Individuals Entity: Policy Owner: Foundation
Documents Required
Income Proofs (Any One)
Certificate of registration, if registered.
Power of Attorney granted to transact business on its behalf.
Bankers Certificate
Any document specifically stating the object of the foundation.
Income Tax assessment Order
Audited Accounts of the Trust
Chartered Accountant’s Certificate.
Bank Statements/Pass Book
Entity:
Foundation
Policy Owner:
Legal Person Declaration for Foundation Cases:
As per prescribed format only

12. Format Of Certification Given By BSLI Compliance
Signature in the application should match with the Employer records
The certificate should be current dated.
The certificate should be obtained for every new policy.
Signature in the application should match with the Bank records
Person other than those selling BSLI’s products shall sign the certificate on behalf of Bank.
The bank shall send authorised signatories specimen signatures to BSLI in case of Alternate channels.
The certificate should be current dated.
The certificate should be obtained for every new policy.
In case the Advisor / UM / Specified Persons finds suspicious activity he / she must submit additional information in Suspicious Activity Report. The respective Agency Manager shall send an of the soft copy or scanned copy of SAR submitted by the agents to Compliance Function.
Abanker Certification
Employer Certification
Insurer’s Employee Certification

13. Age Proof Documentation
Dependent ID Card
Learners driving license
Hospital certificate (if the child is above five years of age )
Employment exchange card
Provident Fund statement
Court affidavit/Gram Panchayat certificate issued by other states (except Kerala)
Invalid dates like 29th February 2009, 31st Nov, 31st June etc.
Hajj Passport
DOB is not clear in the given Age Proof
If Nationality is Indian and client has submitted the Passport copy as an age proof then verify the place of issue and if the place of issue is other than India, take the age proof as "Not Acceptable." Also if as per passport nationality is other than Indian then take Age-proof as "Not acceptable.“
If WOP rider is opted for minor case, capture the owner DOB as per the business rule given for age proof data capture.
Voter’s ID/Election Card.
Ration Card.
ESIS Card.
Pension Card.
Aadhar card without full DOB
School/College Certificate (if child is school Going).
Nursing Hospital Certificate/Discharge Card if minor is below 1 yrs.
Birth Certificate up to 5 years of age.
If WOP (waiver of premium) rider is opted for minor case, capture the owner DOB as per the business rule given for age proof data capture.
If age proof is not submitted and previous policy details like previous policy number is given in the application form then answer ‘Yes’ for the question,” Is the Age Proof submitted? And accept it as standard age proof.
If the difference in DOB between age proof and application form is up to 2 Yrs, capture DOB as per application form and accept it as ‘standard’.
For immediate annuity and empower pension plan, all the standard and non-standard age proof to be considered as standard age proof.
There are lists of age proofs available categorized as below:
Standard age proof
Standard age proofs for minor lives
List of non-standard age proofs (NSAP)
Standard Age Proof
Standard Age Proof For Minor Lives
List Of Non-Standard Age Proofs
Non-Acceptable Age Proofs
Standard age proofs (revised list would be shared)

14. Documents Required For Processing The ECS/Direct Details
Document Assignment To Employer/Employee
ECS/NACH Mandate form.
Pre-printed Original cancelled cheque or bank statement/passbook copy
Duly Filled and Signed Assignment Form by Assignor and Assignee
Photograph of the employee
Employees copy of Valid Photo id proof
Employees Valid Address Proof
Employees Income proof is required if the annual premium combined for all the BSLI policies attached to the assignee is Rupees 1 lakh and above
Original Policy Documents

15. Verify Details With Application Form & Illustration
Steps
Requirements
Verify Details With Application Form & Illustration
Letter Confirming - Base Plan Face Amount 
Letter Confirming - Rider Type
Letter Confirming – Benefit Period
Letter Confirming - Mode Of premium
Letter Cnfirming - Payment Period
Letter Confirming – Rider Face Amount
No Fund Details On Application
Illustration Reqrd - Fund Details
Owner & Payor Different
KYC Requirement
10K below
Above 10K
Above 50K
1 lakh & above
Photography  
KYC ID proof
KYC Address proof
KYC Income Proof
PAN
Steps
Requirements
Verify Details With Application Form
If Proof Not Submitted Check Prev Policy
Photo 
KYC ID Proof
KYC Address Proof
KYC Income Proof
PAN
KYC Income Proof For Payor
KYC Address Proof For Payer
Steps
Requirements
Verify Details With Application Form
If Proof Not Submitted Check Prev Policy (if submitted)
KYC INCM Submitted Proof Not Valid 
KYC ID Identification Proof Not Valid
KYC ID Name In Proof Mismatches
KYC ADD rent Receipt Required
KYC ADD Address Not Valid
KYC INCM Name In Proof Mismatches
KYC INCM Submitted Doc Old Then 6 Month
Steps
Requirements
Verify Details With Application Form & Illustration
Illustration Reqrd - DOB Mismatch 
Illustration Reqrd - Benefit period’
Illustration Reqrd - Gender details
Illustration Reqrd - Paying Period
Illustration Reqrd– Plan
Illustration Reqrd – SA
Illustration Reqrd - Decl not signed
Illustration Reqrd - Fund details
Illustration Reqrd - Not submitted
General Guidelines For KYC Documents
KYC Requirements
Illustration Requirements
Letter Requirements

16. General Guidelines
In addition please refer the general guideline which needs to be followed up as Business Rules while processing:
Mail content (including the subject line) and the Attached document in the mail should be read thoroughly and verified before processing.
Eg. If “Address proof not of Proposer” requirement has to be rejected, then the original Address proof requirement should be changed to ordered status and a new requirement “Address Proof not of Proposer” should be created with “Received but Not Acceptable” status and also giving proper rejection text.
Rejection text should have the following content: Document type submitted, for which requirement it is submitted and the rejection reason.
Eg. If ration card is submitted for address proof and the same cannot be accepted as address is mismatching, then the rejection text should be as follows: Submitted ration card for address proof is not acceptable as the address mismatches.
Shortage requirement should never be changed to received status. If any requirement is received related to shortage, then CS Requirements Others should be created with received status and a valid text for the same should be entered. Eg. Letter received for mode change.
For all Illustration following details need to be counter checked:
Name of the Insured and Owner
Age
Gender
Signature
Fund options opted
If any of these details mismatches, then the Illustration needs to be rejected.
For letter and illustration signature should be verified before accepting it.
For the entire supporting document like KYC, Age proof, etc. the customer attestation should be verified and signature to be tallied.
For changes in the policy we will require fresh illustration along with the client consent letter specifying the changes on it.
If there are any discrepancies on whether a documents can be accepted or not, then coordinate with BSLI compliance team through BSLI LCMP team.