Why Choose This Project?

Insurance companies lose billions due to fraudulent claims, manual errors, and slow approvals. Traditional systems lack transparency and auditability.

This Blockchain-Based Insurance Claim System automates and verifies claims using smart contracts, providing real-time visibility, tamper-proof records, and trustless claim settlements between customers, insurers, and assessors.

What You Get

• Complete Source Code (Frontend + Backend + Smart Contracts)

• Customer Portal to Submit Claims

• Insurer Dashboard to Approve/Reject Claims

• Integrated Claim Assessment Workflow

• Immutable Record Storage on Blockchain

• Complete Documentation & Setup Guide

Technology Stack

Market-Ready Features

Claim Submission

• Customers submit claim details (policy ID, incident proof, amount, etc.)

• Data is hashed and sent to a smart contract for validation

Claim Verification

• Assessor reviews the claim via the platform

• Assessment decision recorded on blockchain

Insurer Approval/Rejection

• Insurer approves or rejects claim

• Smart contract triggers automatic payout upon approval

Immutable Recordkeeping

• All actions logged on blockchain

• No tampering or deletion of past claim data

Admin Dashboard

• Visual dashboard for insurers to:

  • Monitor submitted claims

  • View pending and completed claims

  • Track payout history

Working Flow 

1. Policyholder Submits Claim
   Through portal with incident proof and required data

2. Blockchain Stores Claim Record
   Generates hash + smart contract entry for traceability

3. Assessor Reviews & Updates Status
   Enters decision (approve/reject) in system

4. Insurer Final Decision
   Smart contract triggers payout or stores rejection reason

5. Claim Closed
   Immutable log maintained for audit and compliance

Security & Trust Features

• Immutable claims record

• Eliminates duplicate or altered submissions

• Role-based access for customer, assessor, and insurer

• Optional integration of KYC or biometric verifications