Third Party Administrator : TPA stands for Third Party Administrator and is defined as an organization or individual that handles the claims, processing and reporting components of a self-funded health benefits plan.TPA is the link between the insurer and the policyholder in case a claim is made. TPA is chosen by a health insurance firm. TPA makes the claim process easy by dealing with the documents and settling the hospital bills.
Paramount Health Services & Insurance TPA Pvt. Ltd. (PHS) began its journey in 1996. In 2002, it acquired a license from Insurance Regulatory and Development Authority (IRDAI no: 006), to act as a TPA, when the concept of TPA was at a very nascent stage. Today, it is one of India’s leading Third Party Administrators (TPA).
PHS has created benchmarks in the industry with its focus on quality customer service and expertise in claims management with emphasis on checking fraud and abuse. It operates in 165+ locations in India touching many lives each day with its bouquet of services.
We have been licensed by I.R.D.A. As TPA in July 2005, and have setup our head office in New Delhi.
We are fully equipped with I.T infrastructure like Server, Computers, Printers and a State of the Art Software. We have a fully qualified and professional team of ex-Insurance industry professional and Doctors for running our Operations. We are equipped with latest IT infrastructure to meet out all requirements. Our website (www.safewaymediclaim.com) is well designed to provide comprehensive information to the Insured and the Insurer. We have tie up with more than 5,500 hospitals over the length and breadth of the country for giving cashless services to policyholders.
Family Health Plan Insurance TPA Limited (FHPL), incorporated in the year 1995 and licensed by IRDAI in the year 2002 is today one of the largest and most reputed IRDAI Licensed Third Party Administrator (TPA) in the country. FHPL with its Registered and Corporate office at Hyderabad has presence in over 55 locations and 25 states Pan-India. FHPL caters to the needs of Health Insurance benefits administration for Individual customers, Corporate clientele, State/ Central Government sponsored Health schemes. FHPL is the first licensed TPA to be certified with ISO 9001:2008 for quality standards and processes, ISO/IEC 27001:2013 for Information Security standards.
We are India’s leading HealthTech, and InsurTech company focused on administering health benefits across employers, retail members, and public health schemes. We consistently strive to drive innovation and participate in such initiatives, to lower health care costs.
Our Health Benefits Administration model delivers the tools necessary for a health plan to succeed, whether it’s our modular claims management system, our technology that unveils data to make crucial decisions, or our service solutions built around the voice of the customer. In short, our goal is to link our success to that of our members.
MDIndia Healthcare Services (TPA) Pvt. Ltd. was founded in November 2000, with exclusive focus on healthcare insurance and aim of providing TPA (Third Party Administration) services to Indian Health Insurance Sector. IRDA (Insurance Regulatory and Development Authority), the regulatory body that governs and licenses all players in the insurance industry, issued the TPA License (No. 005) to MDIndia in March 2001.
Ayushman Bharat, a flagship scheme of Government of India, was launched as recommended by the National Health Policy 2017, to achieve the vision of Universal Health Coverage (UHC). This initiative has been designed to meet Sustainable Development Goals (SDGs) and its underlining commitment, which is to "leave no one behind."