India-based Max Life Insurance, a joint venture between Max Financial Services of India and Mitsui Sumitomo Insurance of Japan, has launched its claims system, InstaClaim. The system allows policyholders’ claims to be approved within one day after the submission of necessary documents and will be available to registered beneficiaries on all eligible policies that have been active for three years. “InstaClaim is an innovative insurance product which can help customers in their quest to get back what they lost due to natural disasters,” said Ajay Kumar, managing director at Max Life.
India-based Max Life Insurance, a joint venture between Max Financial Services of India and Mitsui Sumitomo Insurance of Japan, has launched its claims system, InstaClaim. The system allows policyholders’ claims to be approved within one day after the submission of necessary documents and will be available to registered beneficiaries on all eligible policies that have been active for three years. In order to be approved, claims need to be below INR 2.5m, and must not warrant field verification.