MUMBAI, India, May 29 -- Intellectual Property India has published a patent application (202641063942 A) filed by Dr. Sns Rajalakshmi College Of Arts And Science, Coimbatore, Tamil Nadu, on May 20, for 'ai-based system and method for automated insurance claim processing and fraud detection.'
Inventor(s) include Dharshini K; Sanjai S; Madhumitha V; Gayathri B; and Bhuvaneswari M.
The application for the patent was published on May 29, under issue no. 22/2026.
According to the abstract released by the Intellectual Property India: "The present invention relates to an automated system for insurance claim processing using artificial intelligence. The system allows users to submit insurance claims and upload required documents through a web-based platform. The uploaded documents are processed using Optical Character Recognition (OCR) to extract relevant information. Artificial intelligence models verify the authenticity of the documents and detect fraudulent claims. The system estimates the insurance settlement amount based on policy details and generates a verified claim report. The generated report is stored in the database for review by authorized insurance agents or administrators. The invention improves efficiency, reduces manual effort, and speeds up the insurance claim settlement process."
Disclaimer: Curated by HT Syndication.
