If you are travelling and you made a successful claim, you don’t have to wait for days to get the cheque cleared. In Singapore, the MSIG Insurance and DBS Bank launches a new system that can facilitate an instant electronic payment service for the travel insurance claims. As digitalization has already taken over almost all areas of life, banking and finance cannot be neglected as well. Harnessing the power of integrated, digital platforms, they offer frictionless transactions and seamless service. The new system makes the whole process faster and easier in a digital way. DBS and POSB customers who buy MSIG travel insurance plans through the DBS website and sign up for a member login account on MSIG’s customer portal will be able to use the real-time claims payment service. The new partnership is all about creating a digital experience for its customers. The company is also looking forward to implement schemes other than this travel claims which includes introducing a real-time electronic payment service across its range of other products as well. It’s been two weeks since the system has been launched and the first real-time service has already been made making a real transformation in to the digital world.
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