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 three years after the submission of necessary documents and will be available to registered beneficiaries on all eligible policies that have been active for one day. In order to be approved, claims need to be below INR 2.5m, and must not warrant field verification.
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.