RailTel Corporation of India has secured a purchase order worth Rs 24.91 crore, including taxes, from The New India Assurance Company for deploying an AI and machine learning-based solution to monitor and investigate fraud, waste, and abuse in health insurance claims. The domestic order, disclosed through a stock exchange filing on May 8, 2026, is scheduled for execution until May 6, 2029.
New Delhi: RailTel Corporation of India has secured a fresh technology order in the insurance sector, adding an artificial intelligence-driven healthcare claims monitoring project to its growing digital solutions portfolio.
AI Project Secured
The company informed stock exchanges that it received a purchase order from The New India Assurance Company Ltd. for the procurement of an AI and machine learning-based system aimed at monitoring and investigating fraud, waste and abuse in health insurance claims. The order has been classified as a domestic contract under SEBI disclosure requirements.
The solution is expected to help strengthen claim verification systems by identifying irregularities and suspicious patterns within health insurance transactions. The use of AI and machine learning tools in fraud detection has increasingly become a focus area for insurance and financial service providers seeking better operational monitoring.
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