This synchronous API extract in real-time relevant information from a Letter from the insurance company accompanying the settlement document.
Verifying this type of document is important as it ensures the authenticity and accuracy of the settlement information provided by the insurance company. It helps in preventing fraud and ensures that the policyholder receives the correct settlement amount.
The API extracts the following key information from the document:
- Assured Name: The name of the policyholder.
- Policy Number: The unique identification number of the insurance policy.
- Settlement Amount: The amount of money to be paid as settlement.
- Settlement Date: The date on which the settlement is made.
- Claim Details: Details of the insurance claim for which the settlement is made.
- Payment Method: The method used for making the settlement payment.
- Insurer Signature: The signature of the insurance company representative.
- Policy Start Date: The date on which the insurance policy starts.
- Policy End Date: The date on which the insurance policy expires.
- Follow Up Instructions: Instructions provided by the insurance company for further follow-up.
- Policy Term: The duration for which the insurance policy is valid.
Maximum file size: 5 MB.
Maximum number of calls per minute: 10 calls.
For better results, it is recommended to provide documents that are clear, legible, and properly aligned. The document should not be blurred or rotated. The entire document should be in the frame without any parts cut off.
