RailTel Corporation of India Ltd has announced a new domestic contract from The New India Assurance Company Ltd for the implementation of an artificial intelligence and machine learning-based solution focused on identifying and monitoring fraud in health insurance claims.
The contract, valued at ₹24.91 crore including taxes, will be executed over the next three years. Despite the business development, RailTel shares traded lower during Friday’s session.
The order relates to the procurement and deployment of an AI and machine learning-enabled platform intended to monitor, investigate and identify fraud, waste and abuse in health insurance claims processing.
RailTel also clarified that the promoter group does not hold any interest in the awarding entity. The company further stated that the transaction does not qualify as a related party transaction.
The order reflects the growing adoption of artificial intelligence and machine learning technologies in the insurance industry, particularly for fraud detection and claims monitoring.
Insurance companies are increasingly using data analytics and automation tools to improve operational efficiency, reduce fraudulent claims and strengthen risk management processes.
Following the announcement, shares of RailTel Corporation of India Ltd traded lower during Friday’s trading session.
As of 11:46 AM on 8 May 2026, the stock was trading at ₹345.20, down ₹3.05 or 0.88% from the previous close of ₹348.25.
RailTel Corporation of India Ltd is a public sector enterprise engaged in telecom infrastructure and digital services. The company provides broadband, network connectivity and information technology solutions across sectors including government, healthcare, transport and education.
In recent years, RailTel has expanded its technology offerings in areas such as cloud services, cybersecurity, data centres and digital transformation projects.
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RailTel has secured a ₹24.91 crore domestic contract from The New India Assurance Company Ltd for an AI/ML-based insurance fraud monitoring solution. The project is expected to be completed by May 2029.
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Published on: May 8, 2026, 11:55 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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