At an affordable price for you
As the name suggests, it is a company/agency/organization that works as an outsourcing entity for an insurance company authorized by IRDA ( Insurance Regulatory Development Authority) to process claims to provide cashless facilities to the policyholders.
The ambit of health insurance is more extensive than other insurances like vehicle or travel insurances. Due to the bigger scope, health insurance has ample terminologies that need to be understood before you buy insurance. Health insurance is often perceived with so many complexities, but can be simple if you know one component at a time rather than get overwhelmed by its totality. Not everyone is aware of what TPA means in health insurance. It is a third party entity in health insurance that administers claim settlement of policyholders if they have a cashless policy.
Below are some points that will help you understand TPA more clearly-
TPA’s role in health insurance is as essential as health insurance itself. It makes the process easy for policyholders and saves them from helter-skelter in times of crisis. Let’s learn the key role of TPA in health insurance-
Below-mentioned points might have given you a perspective about TPA and its importance in health insurance. Knowing its benefits is also more important. Following are some benefits to help you learn more about TPA-
>>Also read 12 Health Insurance Terms you must know
To summarize, TPA has a relentless role in supporting policyholders in their claim process as they provide round the clock services sitting at your network hospitals. You must always know what TPA means and how its support can empower you to overcome a hazardous situation.
Disclaimer- The above information is for reference purpose only.
Published on 27 Jun 2022
Published on 27 Jun 2022
Published on 24 Jun 2022
Published on 24 Jun 2022
Published on 23 Jun 2022
GET FREE QUOTE