MUMBAI, India, Aug. 17 -- Intellectual Property India has published a patent application (202521012225 A) filed by Tata Consultancy Services Limited on February 13, 2025, for Method And System For Cost Of Care Prediction Based Dynamic Insurance Plan Recommendation And Pricing.
Inventors include Pal, Rajat Subhra; Ghose, Avik; Bhattacharya, Sakyajit; Halder, Avishek; and Mondal, Subhadeep.
The application for the patent was published on August 14, 2026, under issue no. 33/2026.
Abstract: ABSTRACT METHOD AND SYSTEM FOR COST OF CARE PREDICTION BASED DYNAMIC INSURANCE PLAN RECOMMENDATION AND PRICING Group insurance plan recommendation is a challenging task, since the conventional methods fail to predict the cost of care. The present disclosure dynamically recommends group insurance plans based on cost of care prediction. The present disclosure segments the cleaned input data of beneficiaries and generates personas. Further, risk scores are computed and the personas are categorized into risk tiers. Further, a correlation and an association is computed between a plurality of disorders using market basket analysis. A ranked list of insurance plans are generated, and a plurality of common features are identified. Further, a plurality of potential insurance plans are determined from the top ranked insurance plans. Further, real time pricing points are computed for the potential insurance plans. Finally, an optimal insurance plan is recommended from among the plurality of potential insurance plans for each of the plurality personas based on the computed real time pricing points. [
Disclaimer: Curated by HT Syndication.
