RailTel Secures Major Order Worth ₹48.7 Crore from Health Insurance TPA of India Ltd

Team FS

    17/Sep/2024

What's covered under the Article:

RailTel has been awarded a ₹48.7 crore contract from Health Insurance TPA of India Ltd for a Claims Management Solution.

The project involves developing an integrated portal and mobile application, expected to be completed by June 2030.

This order strengthens RailTel’s portfolio, emphasizing its presence in domestic service contracts.

RailTel Corporation of India Ltd (RailTel), a Navratna Public Sector Undertaking (PSU) under the Ministry of Railways, has secured a major contract worth ₹48.7 crore from Health Insurance TPA of India Ltd. The work order involves the development and implementation of an Integrated Claims Management Solution, which includes both a portal and a mobile application. This marks another milestone for RailTel, further solidifying its reputation as a key player in the IT services and telecom infrastructure sector.

The contract was awarded as part of a domestic initiative, and RailTel will be responsible for providing the Integrated Claims Management Solution to streamline and digitize claims processing. The project will enhance the efficiency of Health Insurance TPA of India Ltd, allowing it to manage insurance claims through a fully integrated digital platform, both web-based and mobile.

This project is expected to be completed by June 14, 2030, giving RailTel ample time to implement the solution and meet all specifications laid out by the awarding entity. The total value of the contract is ₹48.7 crore (excluding taxes), showcasing RailTel’s growing presence in delivering high-value IT solutions for government and public sector clients.

RailTel, a Navratna PSU, continues to expand its service portfolio beyond its core telecom offerings. With this latest order, the company is cementing its position as a leader in IT infrastructure solutions for both the public and private sectors. The development of the Claims Management Portal and Mobile Application is aligned with RailTel’s strategic goals of integrating digital solutions to transform service delivery models in various industries, including health insurance.

The awarding of this contract further illustrates RailTel’s expertise in handling large-scale, complex IT projects. It highlights the company’s capability to manage projects that involve data integration, mobile application development, and portal management. The Health Insurance TPA of India Ltd contract is another feather in RailTel’s cap as it continues to secure projects that promote digital transformation in India.

RailTel’s continued success in securing such prestigious orders underscores its commitment to innovation and its role as a reliable partner for both public and private enterprises. With domestic orders such as this, RailTel is playing a significant role in India’s drive toward digitalization and technology-driven solutions.

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