Sagarmatha Insurance Company has launched a new insurance product named Sagarmatha VIP on the Spot. According to the company, the new product facilitates on-the-spot claim settlement for customers. “The customers will benefit from hassle-free claim processing with less paper work and immediate relief from financial burden,†says a press release issued by the company, “In order to provide fast and reliable services Sagarmatha Insurance pledges dedicated customer service 24/7 through a separate department devoted to Sagarmatha VIP on the spot.†Sagarmatha Insurance Company is a joint venture with Ceylinco Insurance Co. PLC, Srilanka.