Max New York Life launches mobile payment service
Private sector insurer Max New York Life has launched a payment solution using which policyholders can make premium payments through mobile phones.
By PTI |
NEW DELHI: Private sector insurer Max New York Life (MNYL) on Tuesday launched a payment solution using which policyholders can make premium payments through mobile phones.
This new service is an attempt at streamlining timely payments by policyholders to ensure that they remain financially protected throughout the term of the policy, said MNYL Executive Director Sunil Sharma.
"Our customers can now use this ubiquitous channel and transact on a 24X7 basis," he said.
Powered by Citibank and Mchek (mobile payments company), the solution would enable policyholders to pay their renewal premiums, subscribe to and top-up investments in ULIPs, he said adding that the company would link the charges to the customer's preferred bank account or credit card.
This new service is an attempt at streamlining timely payments by policyholders to ensure that they remain financially protected throughout the term of the policy, said MNYL Executive Director Sunil Sharma.
"Our customers can now use this ubiquitous channel and transact on a 24X7 basis," he said.
Powered by Citibank and Mchek (mobile payments company), the solution would enable policyholders to pay their renewal premiums, subscribe to and top-up investments in ULIPs, he said adding that the company would link the charges to the customer's preferred bank account or credit card.
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