TPA Full Form
by Yogi P - October 6, 2023
Third Party Administrator (TPA)
A TPA is an organization that acts as a mediator between an insurance company and its policyholders. TPAs are typically licensed by the insurance regulator and are responsible for processing and settling insurance claims.
Advantages of TPAs
TPAs offer a number of advantages to both insurers and policyholders, including:
- Increased efficiency and quality of service delivery
- Higher penetration of health insurance
- Reduced claim settlement delays
- Lower insurance premiums
- Comprehensive claim settlement management
- 24/7 toll-free customer support
- Detection and prevention of fraudulent claims
Some famous TPAs in India
- United Healthcare Parekh TPA Pvt. Ltd.
- Medi Assist India TPA Pvt. Ltd.
- Park Mediclaim TPA Pvt. Ltd.
- Raksha TPA Pvt. Ltd.
- Heritage Health TPA Pvt. Ltd.
- Paramount Health Services & Insurance TPA Pvt. Ltd.
- Good Health TPA Services Ltd.
- Focus Healthservices TPA Pvt. Ltd.
- Vidal Health TPA Pvt. Ltd.
Example
Suppose you have a health insurance policy with TPA A. If you need to file a claim, you would first contact TPA A. TPA A would then process your claim and settle it with the hospital on your behalf. This would save you the hassle of having to deal with the insurance company directly.
TPAs play an important role in the Indian health insurance industry. They help to make health insurance more accessible and affordable for policyholders.
