The most commonly used term in insurance is third party adminstrator. What is third party administrator in insurance? Third Party Administrator also known as TPA acts as an interface between the insurer and the policyholder. It is a company/agency/organization that operates under the license of the Insurance Regulatory and Development Agency (IRDA). TPA is hired by the insurer to provide processing of claim in a cost-effective, timely, and hassle-free manner. One TPA can be associated with multiple insurers. Mostly TPA works as a unit of health insurance companies, but in some instances, they also work independently. TPA in health insurance helps in claim assistance, processing claims, and providing cashless facilities to the policyholder.


Who all are there in TPA team


Role of third party administrator

Benefits of third partry administrator in health insurance

List of some of the third party administrator in India

There are several challenges to the effective functioning of the TPA, such as low awareness about TPAs, dependence on insurance agents, additional expenditure, etc. However, the involvement of third party administrator in health insurance processes like claim settlement, cashless processing, 24-hour customer service, etc. outweighs any such challenges. So, harness the benefit of TPA and enjoy timely and cost-effective processing of your health insurance claim.