BFSI — KYC & Onboarding

Video KYC Automation Reduces Onboarding TAT by 70%

AI-assisted video KYC processing for a life insurance company — cutting onboarding time from 5 days to under 36 hours.

↓70%
Onboarding TAT
↑94%
First-Pass Rate
₹3.2Cr
Annual Saving
Insurance KYC Onboarding AI Automation

The Challenge

A life insurance company was processing Video KYC for ~8,000 new policies per month with a 5-day average TAT between application and policy issuance. Long waits were causing 18% applicant drop-off post-submission and straining the in-house KYC review team.

Our Approach

01

Deployed AI-assisted document verification: OCR extraction, Aadhaar/PAN validation, and face-match against selfie with 99.1% accuracy.

02

Built a liveness detection layer to comply with IRDAI Video KYC guidelines — automated pass/fail with human review queue for edge cases.

03

Integrated with the insurer's policy management system via API — auto-populating verified data, reducing re-entry errors by 100%.

04

Restructured manual review team to focus only on AI-flagged exceptions (<6% of volume) — handling escalations within 4 hours.

05

Implemented real-time TAT dashboards visible to the insurer's operations head, compliance team, and channel managers.

 Key Results
↓70%
Onboarding TAT from 5 days to under 36 hours
94%
First-pass automated approval rate
↓18%
Applicant drop-off post-submission eliminated
₹3.2Cr
Estimated annual cost saving vs manual processing model
"Our persistency metrics improved measurably once we removed the TAT friction at onboarding. Ayuda delivered the automation and the operations seamlessly."
— Chief Operating Officer, Life Insurance Company
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