NeuralKart builds AI automation for two large, manual industries, insurance and industrial safety, both heavily regulated and long overdue for disruption. India's non-life insurers process 3.26 crore health claims annually, each file 50-60 pages, while operating at 88% ICR with razor-thin margins. InsureMind automates underwriting, claims, and renewals, cutting settlement to minutes, deployed on-premise, fully IRDAI and DPDP compliant.
On industrial sites, scaffold inspection is legally mandatory yet entirely manual, with one inspector covering only 8 scaffolds per day at height. FieldSense replaces this with drone-based AI, generating full compliance reports in minutes, enabling one inspector to cover 30-40 scaffolds per day.
In long-term, FieldSense feeds live site safety data into InsureMind's underwriting engine, enabling dynamic, reality-based risk pricing instead of static paperwork-based assessment.
Founded by four founders with 60+ years of combined experience in AI and insurance, previously having built together at Foundation AI. InsureMind is live at Chola General Insurance with a paid POC at Mitsui Sumitomo at 90-95% accuracy. FieldSense is under trial at AMNS and NTPC, with cybersecurity clearance already obtained at AMNS. All achieved in under 12 months with zero external funding.
