Role of Third Party Administrators in Health Insurance

Third Party Administrators in Health Insurance Role: In the context of health insurance, a Third Party Administrator (TPA) is an organisation that serves as a middleman between the hospital and the insurance provider. TPAs are essential in facilitating both reimbursement and cashless health insurance claims. Their main duty is to provide a simple and straightforward … Read more

Importance of Buying Insurance Online

Importance of Buying Insurance Online: I can still clearly remember developing methods to contact insurance firms online as a new marketing manager in 2007. The focus back then was on online proposal marketing, generating website traffic, and obtaining “leads.” Since then, a lot has changed, and we now mostly live in the digital era. For the … Read more

Insurance Fraud Probe Goes Digital After Covid

Insurance Fraud Probe Goes Digital After Covid: According to a recent study based on an industry-wide survey, the Covid-19 epidemic has caused a significant digitalization of fraud investigations in India’s insurance business. The “Impact of Covid-19 Pandemic on Insurance Fraud Risk Mitigation and Investigation” paper claims that 68% of respondents stated they were already utilising … Read more

Divestment in General Insurance to Attract Innovation, Growth: Experts

Divestment in General Insurance: Experts applaud the passage of legislation allowing the government to sell its majority stake in state-owned insurance firms. Saying the action will aid in the country’s rehabilitation and growth as well as foster innovation and encourage sector penetration. The Lok Sabha passed a bill to modify the General Insurance statute that … Read more

Importance of Renewing Your Car Insurance on Time

Renewing Your Car Insurance: The duration of an automobile insurance coverage is finite. It has an expiration date. Most of the plans are yearly agreements. The Insurance Regulatory and Development Body of India is constantly enforcing new regulations for plans that may have a policy length that is either shorter or more than a year. … Read more

71% Of Uninsured Indians Consider Insurance Vital For Financial Resilience

71% Of Uninsured Indians Consider Insurance Vital: Unquestionably, inadequate insurance coverage is a problem in many Indian households. In addition, misunderstandings about insurance and its efficacy have prevented many people from appreciating its significance. In honour of “Life Insurance Awareness Month,” SBI Life Insurance released the third iteration of its in-depth consumer study, dubbed “Financial … Read more

How to Port a Health Insurance Policy

Port a Health Insurance Policy: Since the beginning of the epidemic in March of last year, purchases of health insurance have increased. There has been a “panic buying” of health insurance. The industry as a whole has seen a sales rise of roughly 40%. High medical costs associated with the pandemic outbreak, extended hospital stays … Read more