Tata AIG General Insurance Company said that it has launched 8216;Electronic Fund Transfer8217; facility to make the claims payment process easier for its customers.
Tata AIG will now be able to transfer the claim settlement amount directly to the customer8217;s bank account with any scheduled bank in India,taking away from its customer the hassle of handling cheques/DDs,a press release issued here stated.
With over 62,000 bank branches in India connected with the EFT network,the company will be able to service customers in almost any part of the country.
The new system will offer speedy fund transfer and do away with problems like non-receipt/misplacement of the instruments,the release said.