Cashless Treatment

What is TPA?
Cashless Treatment

Third Party Administrator (TPA) is an organization which processes claims or provides cashless facilities as a separate entity. Seen as an outsourcing of claim processing, TPA processes claims for both retail and corporate policies. The risk of loss incurred remains with the insurance company.

The insurance company usually contracts a reinsurance company to share its risk. An insurance company hires TPA to manage its claims processing, provider network and utilization review. While some TPA operates as units of insurance companies, most are often independent. TPA is also involved in handling employee benefit plans such as processing retirement plans. Handling healthcare or employee benefit claims requires using a specialized set of manpower and technology, therefore hiring a TPA for the same is a more cost effective method.

The Insurance Regulatory and Development Authority of India (IRDA) defines TPA as a Third Party Administrator who, for the time being, is licensed by the Authority, and is engaged, for a fee or remuneration, in the agreement with an insurance company, for the provision of health services. TPA was introduced by the IRDA in 2001.

Being one of the prominent players in the managed care industry, it has the expertise and capability to administer all or a portion of the claims process. The services include claims processing, premium collection, enrollment and cashless processing. Insurance companies setting up its own health plan often outsource certain responsibilities to a TPA.

The TPA acts like a claims adjuster for the insurance company. In some cases the insurance company sets up an entire department within their own company to act as TPA as opposed to hiring a commercial TPA company.

Private TPA's
  • Vision E Medi Solution Pvt Ltd.
  • Raksha (TPA) Pvt. Ltd.
  • Medi Assist India (TPA) Pvt Ltd.
  • Family Health Plan (TPA) Ltd (FHPL).
  • Paramount Health Services (TPA) Pvt. Ltd.
  • United Healthcare Parekh (TPA) Pvt. Ltd.
  • Health India TPA
  • Focus Health TPA
  • MedSave TPA
  • Park Mediclaim
  • Ericson (TPA) Healthcare Pvt. Ltd.
  • Rothshield Healthcare (TPA) Services Ltd.
  • Spurthi Meditech (TPA) Solutions Pvt. Ltd.
  • Happy Insurance (TPA) Services Pvt. Ltd.
  • Safeway (TPA) Services Pvt. Ltd.
  • Good Health Plan Limited (TPA)
Insurance Companies
  • Max Bupa Health Insurance Company Ltd.
  • ICICI Lombard.
  • Star Health Insurance.
  • HDFC Ergo General Insurance Company Limited
  • ICICI Prudential Life Insurance Company Ltd.
  • Tata AIG General Insurance Company Ltd.
  • Cholamandalam MS General Insurance Company Ltd.
  • Allianz Global Assistance
  • Bharti AXA General Insurance Company Ltd.
  • Bajaj Allianz General Insurance Company Ltd.
  • Universal Sompo
  • IFFCO - TOKIO General Insurance
  • L&T General Insurance Company Ltd.
  • Future General Health Insurance Co. Ltd.
Corporates
  • LIC of India through MDIndia
  • International Transctors Limited (Sonalika) through Raksha TPA
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