Max Life introduces Instaclaim for faster claims approval

Max Life Insurance, a joint venture between Max Financial Services and Mitsui Sumitomo Insurance, today announced launch of 'InstaClaim', that aims to provide claim approval within one day.
"InstaClaim will ensure that our policy holders get a quick, simple and hassle free claims services in one day. Through this, we endeavour to communicate claim approval decision to the nominee within 1 day of intimation in eligible cases," Max Life Insurance executive vice chairman and managing director Rajesh Sud said in a release.
Instaclaim will be available to registered beneficiary in all eligible policies, which have completed three or more continuous years, and the claim amount is less than Rs 25 lakh and does not warrant any field verification.

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Aegon Life re-launches its flagship product - iTerm * Aegon Life Insurance today relaunched its flagship product 'iTerm', a comprehensive online protection plan and remains cost effective, which offers one of the lowest premium rates in the industry.
The plan, available exclusively online, offers customers a combination of value, convenience and simplicity. It provides not just financial security but also optional coverage through riders.

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RInfra ties up with PayTm
* Reliance Infrastructure today said it has tied up with digital payment company PayTm to enable its metro commuters to buy tokens in cashless transactions.

With the tie-up with paytm, metro's store value pass (SVP) will be extended to single and return journey tokens across its 12 stations.
"Commuters only need to install and recharge the paytm app on mobile, switch it on, and scan the QR code displayed at a designated window at each station, which will identify the payee as Mumbai Metro. They can then pay the right amount of fare," the firm said in a statement.