It is a feature for certain Max Life Insurance policies with which the life insured can get the claim settled in 1 day, subject to various conditions. InstaClaim claims are processed in subject to the following conditions: Claim amount on all eligible policies is up to Rs.1 crore Claims are for policies that have completed three continuous years All mandatory documents have been submitted before 3:00 PM on a working day The claim does not warrant any field verification For cases which warrant field verification, Max Life Insurance will pay claim in 5 working days after the receipt of all mandatory documents. Otherwise, Max Life Insurance will pay an interest on death claim amount for every day of delay beyond 5 working days. All claims that qualify instaclaim will be paid within 1 working day from the date of submission of mandatory documents else Max Life Insurance will pay interest at Bank rate as on beginning of financial year in which claim has been received (4.65% p.a. for FY’20-21) for every day of delay beyond 1 working day.