My friend purchased a mobike on loan. at the time of filling the loan forms, they asked for his bank statement. being a member of the ICICI bank, he produced the same and was accepted by the lenders. Now, for the registration of the vehicle in RTO, these people are asking for an insurance policy, "only from LIC." Now this fellow(my friend) has himself insured with ICICI Prudential and wanted to submit the same. I want to know, when the bank statement was accepted, then why not the Insurance policy from the same company? Let me make it clear, that the policy which he produced, is in force till date. I would be helpful if someone would guide him for what could be done and what are the relevant options available with him??