provides for emergencies that may arise during the trip.
TPA provides increased sophistication and better standards of services through specialization in operations, database management, customer service, information processing and claims settlement.
The insurance industry has evolved and there is now even more scope for high quality services to clients, thanks to the increasing sophistication in terms of operations as well as increasing specialization that lets companies focus on what they do best. The TPA is another initiative with regard to your insurance Policy to help you breathe easy and stay relaxed with your Travel Insurance and health insurance, as you let your travel insurance claims be handled by specialists who are known for their high standards of service delivery.
TPA stands for Third Party Administrators, service providers who are licensed to practise by the Government of India in the insurance industry. TPA’s are authorised to act on behalf of the insurer, conferring mutual benefits to the Insurer and the Insured when it comes to Mediclaim benefits and travel insurance cover.
If you have taken up travel insurance cover for your planned vacation or your scheduled trip abroad, you would want to be covered by your travel insurance for a variety of risks involved. While insurance companies would have their own network of hospitals that you could utilise, engaging a TPA gives you convenience in the form of wide access to TPA network hospitals, where you could enjoy cashless facilities with the hospitals in line with the terms of your insurance policy.
TPA’s are specialists in operations in the field of insurance, capable of effectively complimenting the insurance companies in their activities, managing the back-end support as well as coordinating issues related to healthcare insurance, travel insurance, maintaining databases related to the insurance policy, managing all aspects of travel insurance cover and dealing with travel insurance claims so as to facilitate administration of insurance services to clients.
The insured would have assistance for all aspects related to an insurance policy, and toll-free access round the clock, all round the year
There is good reason why insurance companies engage Third Party Administrators for handling their operations.