Insurance companies are leveraging Artificial Intelligence (AI) to streamline hospital discharge and settlement processes, aiming to reduce the time and costs associated with these procedures. By implementing AI-powered systems, insurers can automate tasks, enhance data analysis, and improve communication with hospitals and policyholders. This can lead to faster and more efficient settlement of claims, reduced administrative burdens, and enhanced customer satisfaction. AI-driven solutions can also help identify potential issues and areas of inefficiency, enabling insurers to proactively address them and further optimize the discharge and settlement process.

by | Jun 13, 2025 | Aditya Birla, Insurance

Last month, Sampat Jain’s family experienced a health scare when his sodium levels dropped, and he was hospitalized at Apollo Hospitals in Kolkata. Although he was ready to be discharged by 8:30 a.m., the process took nearly 12 hours to complete due to the...

Aditya Birla Sun Life Insurance has partnered with Equitas Small Finance Bank to increase accessibility to life insurance products, enhancing its reach to a broader customer base.

by | May 23, 2025 | Aditya Birla, Insurance

Aditya Birla Sun Life Insurance ( ABSLI) has entered into a partnership with Equitas Small Finance Bank to expand the accessibility of life insurance products to a wider audience. This collaboration aims to leverage the bank’s extensive network and customer base...
The life insurance industry’s Assets Under Management (AUM) has reached Rs. 62 lakh crore in 2024.

The life insurance industry’s Assets Under Management (AUM) has reached Rs. 62 lakh crore in 2024.

by | May 20, 2025 | Aditya Birla, Bajaj Allianz Life Insurance, HDFC Standard Life, ICICI Prudential Life, Insurance, Kotak Life, LIC, PNB MetLife Insurance, Tata AIA

The life insurance industry in India has witnessed significant growth, with the Assets Under Management (AUM) increasing by over 9% to Rs. 62 lakh crore in March 2024 from Rs. 55 lakh crore in March 2023, according to data from the Insurance Regulatory and Development...