MUMBAI, India, July 13 -- Intellectual Property India has published a patent application (202641081814 A) filed by Vellore Institute Of Technology, Chennai on July 02, 2026, for Health Insurance Claim Settlement System.
Inventors include J M Tarun; Chaganti Sri Pranav; Anirudh Santhanam; Saranya G; and Kumaran K.
The application for the patent was published on July 10, 2026, under issue no. 28/2026.
Abstract: Embodiments of the present disclosure relate to a system (100) and a method (200) of health insurance claim settlement. The system (100) continuously monitors physiological conditions of a user through a wearable health monitoring device (104) and detects health anomalies of the user. Further, the system (100) retrieves medical information, obtains policy documents and analyzes medical and policy information to determine eligibility and generate claim-related insights. A claim packet generation module (124) creates a structured claim packet, while a payout estimation module (126) calculates an estimated reimbursement amount. A Blockchain smart contract module (130) validates claim information, executes claim settlement transactions, and maintains transparent records, while an IPFS storage interface (132) securely stores supporting documents and audit information. The system (100) achieves automated, secure, auditable, and policy-compliant insurance claim settlement through real-time health monitoring, AI-driven analysis, and blockchain validation.
Disclaimer: Curated by HT Syndication.
