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Insurance cos to review health insurances with TPAs: IRDA

The insurance regulator has asked all life, general, standalone health insurers and TPAs to not only review the active agreements, but also file the copies of revised agreements with IRDA

April 16, 2013 9:34 IST | India Infoline News Service
The Insurance Regulatory and Development Authority (IRDA) on Monday asked all insurance companies to review the existing agreements with third party administrators for providing health service. 

A TPA means a person who is licensed under the IRDA (Third Party Administrators—Health Services) Regulations, 2001 by IRDA, and is engaged, for a fee or remuneration by an insurance company, for the purposes o f providing health services.

This is in order to ensure compliance with the new regulations on health insurance.

The insurance regulator has asked all life, general, standalone health insurers and TPAs to not only review the active agreements, but also file the copies of revised agreements with IRDA on or before July 31, 2013.

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