What do you mean by TPA in Insurance?
TPA means any company who has obtained license from IRDA to Practice as Third party administrator and is appointed by the company. In lay man’s term TPA is like a BPO; a common link between Insurance Company and the Customer. One of the important function of TPAs is Cashless Service.
Policyholders are supposed to contact TPA in the case of hospitalization or claim settlement. Knowing your TPA will surely smoothen the process of claim settlement and insurance service.
To know more about TPA click TPA- Cracking the mystery around TPA
Tags: Agent, Broker, Claim Settlement, Health Insurance Policy, Medimanage Health India, Third party administrator, TPA
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