Glossary
TPA (Third Party Administrator)
An IRDAI-licensed company that handles claims for an insurer.
A TPA is licensed by IRDAI and engaged by an insurer for a fee to provide policy and claim services, such as cashless approvals and reimbursement processing. Your insurer remains responsible for the claim decision.
Related guides
More glossary terms
DeductibleCo-payment (Co-pay)IDV (Insured Declared Value)No Claim Bonus (NCB)Claim Settlement Ratio (CSR)Incurred Claim Ratio (ICR)
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