> ## Documentation Index
> Fetch the complete documentation index at: https://razorpay-60c89f9a-mintlify-audit-missing-sections-1778528421.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Banking, Financial Services & Insurance

> Razorpay provides comprehensive banking solutions that solve unique challenges across the lending, wealth management and insurance sectors. Businesses in the BFSI sector can benefit in the following ways:

### Insurance companies

Insurance companies can leverage RazorpayX payout and payroll features to enable hassle free transactions and employee management.

### Seamless Claim Settlements

* Settle claims instantly using [RazorpayX Payout Links](/x/payout-links).
* Choose between multiple [Current Accounts or RazorpayX Lite](/payments/set-up) for claim settlements.
* Create [Sub Accounts](/x/payouts/sub-accounts) for better payment segregation.
* Overcome delays due bank downtimes and experience hassle free claim settlements using RazorpayX's [Multi-bank Routing feature](/x/payouts/multi-bank-routing).
* Set up approval workflows on RazorpayX Dashboard for channeling payouts for different levels of approvals.

### Bulk Payouts to Advisors

* Execute payouts in bulk to insurance agents/advisors using [Bulk Payouts Links](/x/payout-links/bulk).
* Schedule payouts in advance for future disbursements.

### Employees and Vendor Portals

* Set roles and permissions for different categories of users using  [Create User Roles](/x/manage-teams/create-user-role) and enable controlled access.
* Use [RazorpayX Payroll](/payroll) for managing employee onboarding, attendance, salaries, payment to contract employees, TDS and more.

### NBFCs and Lending services

RazorpayX's lending tech stack can be used to credit instant loans to customers while ensuring compliance.

### Quick and Simple Loan Disbursals

* Offer instant loan credits by using [RazorpayX Payout Links](/x/payout-links) through multiple [Current Accounts or RazorpayX Lite](/payments/set-up).
* Leverage RazorpayX's tech stack to ensure financial, regulatory and legal compliance in lending.
* Use [Sub Accounts](/x/payouts/sub-accounts) for better payment segregation.
* Utilize RazorpayX's [Multi-bank Routing feature](/x/payouts/multi-bank-routing) to overcome bank downtimes and experience hassle free loan payouts.
* Route payouts for different levels of approvals by setting up [Approval Workflow](/x/manage-teams/approval-workflow) on RazorpayX Dashboard.

### Bulk Payments to Agents

* Enable bulk payouts to agents/advisors using [Bulk Payouts Links](/x/payout-links/bulk).
* Manage and reconcile transactions across multiple accounts through a single Dashboard.
* Create individual or bulk payouts to process hundreds of transactions at once.
* Make payouts to bank accounts, debit cards, credit cards, or prepaid cards.

### Employees and Contractor Portal

* Set up user roles and permissions for different categories of users using  [Create User Roles](/x/manage-teams/create-user-role) and enable controlled access.
* Manage employee onboarding, attendance, salaries, payment to contract employees, TDS and more using [RazorpayX Payroll](/payroll).
* Accurately calculate and disburse salaries automatically.
* Directly deposit into employees' bank accounts without manual intervention.
* Calculate and deposit taxes and file returns.

### Broking Platforms

Customer withdrawals can be completely automated using RazorpayX Payout APIs.

### Automate Customer Withdrawals

* Use [Payout APIs](/x/payouts/api) to automate customer withdrawals.
* Approve or reject payouts using [Payout Approval APIs](/x/payouts/api#payout-approval-api).
* Enable fund tracking and ensure more clarity in payment management by using [Sub Accounts](/x/payouts/sub-accounts).