How to Choose the Right TPA When Applying for Medical Insurance
Medical crises are an integral part of life – they are also quite stressful. Emergencies in your family are inevitable, but what is avoidable is the hassle of claiming the medical insurance you have invested in.
What is a TPA?
During a medical crisis, it is better to devote your attention to something other than the insurance paperwork. Thanks to the Insurance Regulatory and Development Authority of India (IRDAI), you now have a way to get away from all the stresses of health insurance policy. A Third Party Administrator (or TPA) is an organization that handles medical insurance claims for you. They serve as tools for you to find an easy solution to health insurance claims. Here are the legal guidelines that IRDAI has established regarding TPAs:
You can choose a TPA registered with the insurance company.
Customers can choose a TPA at the time of purchase or renewal of the insurance policy.
If you do not choose a TPA yourself, your insurance company has the right to choose one for you.
You cannot dispense the services provided by their selected TPA and have the insurer render the services directly to you.
If the chosen TPA is terminated during the term of the policy, the insurance company must offer you other TPA options to choose from.
If the insurance company is registered with a TPA, you should choose only one.
What is the best TPA for me?
Now that you know what TPAs are and what rights you have by choosing one, the question remains, “how do you choose the best TPA for you?”
While insurers choose the list of TPAs for you, TPAs are individual organizations that are constantly improving their services to best suit you. They work on improving every little logistics of the insurance claims process and designing ways to make your life easier. Park Mediclaim is one such TPA that helps policyholders reap their insurance benefits in the shortest time imaginable.
Park Mediclaim’s expertise and experience is what sets them apart from all the TPA options presented to you. Being involved with names like Hero Moto Ltd., Trident Group and Telenor, that too for over two decades, makes Park the most preferred option for an insured. Park Mediclaim services can be availed from Delhi-NCR, Chandigarh, Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir, Rajasthan, Maharashtra and Karnataka.
How does Park Mediclaim help you claim your insurance?
Being one of the most popular TPAs in India, Park is committed to your well-being by presenting very specific and beneficial services when it comes to your medical needs. They are the following:
Fast Photo ID Issuance
TPAs provide ID cards that you need to get a claim. Park issues the unique photo ID card within 3 days of receiving the police documents from their insurers.
Hassle-free claims resolution
Once your photo ID is issued, Park helps you settle your medical insurance claim through a very quick and hassle-free process that takes as little as 3 business days. Your job? Just provide them with the receipts of the required documents and other relevant information.
Park Mediclaim offers the possibility of cashless reimbursement when issuing the identity card. They grant insurance settlement as fast as one hour after submitting the required information.
These easy-to-use and accessible services ensure that Park’s insurers get the easiest medical insurance settlements during the trial hours of a medical emergency. Park Mediclaim served Hero Corp., Quatrro Global Services India Pvt. Ltd, Mawana Sugars Limited, Bharati Airtel Limited and many others in settling customer medical claims.
For more details on the services offered, contact or contact us at 011-43191000.