RailTel Corporation of India Ltd. has been awarded a major contract by The New India Assurance Company Ltd. for the procurement and implementation of an AI/ML-based solution. The project, valued at Rs. 24,91,19,240 (including tax), focuses on the monitoring and investigation of fraud, waste, and abuse within health insurance claims. This domestic order is scheduled to be executed by May 6, 2029, marking a significant strategic initiative for the company.
Strategic Project Win
RailTel Corporation of India Ltd. has successfully secured a significant contract aimed at enhancing operational efficiency in the insurance sector. The company will provide an AI/ML-based solution designed specifically for the monitoring and investigation of fraud, waste, and abuse related to health insurance claims for The New India Assurance Company Ltd.
Contract Value and Timeline
The contract is valued at Rs. 24,91,19,240, an amount inclusive of all applicable taxes. The agreement was formally received on May 7, 2026. According to the project roadmap, the implementation and execution phase is expected to span over three years, with a completion deadline set for May 6, 2029. This project underlines RailTel’s expanding capabilities in deploying advanced technological solutions for the insurance and healthcare sectors.
Source: BSE
