What is VBIP?

Video-based Identification Procedure or VBIP is a real-time, seamless, and end-to-end encrypted process for identification & paperless KYC verification. This alternative video-based KYC procedure is carried out by the insurer or an official authorized by the insurer & trained for face-to-face VBIP. The process involves

  • Aadhaar authentication or eSigning OVDs for identity verification
  • Questionnaire-based audio-visual interaction
  • Image capture & data extraction
  • Facial matching & KYC validation
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Seamless & Contact-less Insurance Onboarding Using Video KYC

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IRDAI-compliant VBIP Solution

Our video KYC solution allows insurers to verify and onboard customers using VBIP-enabled workflows that adhere completely to IRDAI regulations and Aadhaar e-signatures that comply with the IT Act (2000).

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Onboard Digitally, Verify Instantly & KYC The Benefits!

  • Streamlined & cost-effective KYC verification
    AI & ML-enabled video KYC that reduces onboarding costs by 90% by automating KYC workflows & digitizing insurance documentation
  • Instant & remote insurance onboarding
    A video-based upgrade to manual KYC and document verification resulting in a TAT reduction of 99%
  • Customizable with configurable documents
    Flexible & enterprise-ready document verification solution supporting all OVDs
  • Contact-less & paperless video KYC
    Completely digital video-based KYC clears away the paperwork and removes the need for physical presence, increasing efficiency by 20% and ensuring zero physical contact
  • IRDAI-compliant identity verification
    VBIP-enabled video-based KYC verification that’s completely compliant with IRDAI regulations
  • End-to-end & anti-fraud solution
    Online & offline Aadhaar authentication, Aadhaar eSign & seamless video KYC integration with ML-powered fraud filters make for a complete & secure solution
  • Customer-centric onboarding
    AI-powered validation & intuitive dashboard help customers sail smoothly through the onboarding process with 20% fewer KYC drop-offs

Are you ready to watch your TAT go from days to minutes?

Highlights of SignDesk’s VBIP Solution

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Video KYC for the Insurance Sector

Insurers need to verify several documents, confirm identities, and complete long KYC procedures to onboard customers. This results in long waiting times, excessive paperwork & several customers leaving the onboarding process unfinished.

SignDesk provides an intuitive and customer-friendly onboarding experience by leveraging the latest ML techniques and secure Aadhaar e-signatures, so your insurance company can use VBIP-enabled Video KYC to onboard quickly & cost-effectively. Your customers can now complete KYC verification within minutes & with zero physical interactions.

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