How many hours do we take to settle claim as per claim assure?

How many hours do we take to settle claim as per claim assure?

While 24 hours is desirable for all the policies, but at times the claim may take additional time. For such cases, the maximum time to settlement goes up to five working days, especially if the claim amount is large. For example, if the death claim is within Rs. 1 crore, insurers can settle it within 24 hours.