Document type

Intelligent Policy Documents Processing

Extract key information from insurance policies including coverage details, terms, conditions, exclusions, and endorsements with high accuracy.

99.5%Accuracy

90%Time Saved

24/7Processing

Processing Steps

How to Process policy-documents

Follow these simple steps to extract data from your policy-documents

Upload the insurance policy document in any format

AI identifies the policy type and structure

Extract all coverage details, limits, and exclusions

Identify and extract important terms, conditions, and clauses

Extracted Data

ParseIQ automatically extracts and validates these fields from your documents

Field Name	Type	Required	Description	Example
policyNumber	string	Yes	Unique identifier for the insurance policy	N/A
policyType	string	Yes	Type of insurance policy (life, health, auto, property, etc.)	N/A
insuranceProvider	string	Yes	Name of the insurance company	N/A
policyholder	object	Yes	Information about the policyholder	N/A
insured	object	Yes	Information about the insured entities (people, property, etc.)	N/A
effectiveDate	date	Yes	Date when the policy coverage begins	N/A
expirationDate	date	Yes	Date when the policy coverage ends	N/A
premiumAmount	number	Yes	Cost of the insurance premium	N/A
premiumFrequency	string	Yes	Frequency of premium payments (monthly, annually, etc.)	N/A
coverageLimits	object	Yes	Maximum coverage amounts for different categories	N/A