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NT Bureau
Chennai, Aug 21:
 

        ING Vysya Life announced the deployment of Paymate, the first of its kind mobile payment solution in India.

        Customers of ING Vysya Life can now pay insurance premiums in an easy, efficient and secure way with no additional cost to themselves via SMS. This service is currently available only for Citibank and Corporation Bank customers who have registered themselves for the service. The payment happens within a few seconds in two simple steps.

        Under this facility, the customer need to send an sms with their policy number prefaced by the abbreviation IVL to 667711 and the customer instantly receives a reply confirming the premium amount due and asking for payment authorisation by replying with the Paymate. On sending the PIN, the customer gets the payment confirmation within a few seconds again via sms.

        Rahul Agarwal, vice president, ING Vysya Life, said, 'with the increasing penetration of cellphones, mobile commerce is set for tremendous growth over the coming years. With this service, our customers can now make premium payments using their mobile phone——a solution that is one of the most secure and convenient payment methods. We are keen to roll out the service to our customers wherever possible.'

        With the launch of this service facility, ING Vysya Life will be the only insurance company in the country to offer such a value-added service to its customers. In line with its promise to enhance customer satisfaction, ING Vysya Life has endeavoured to develop tailor-made product and services that help meet the financial needs of its customers.