Multiple choice

Health claims servicing are outsourced by the insurers to the TPAs at a remuneration of __________ of the premium collected.

  1. five-six percent

  2. six-seven percent

  3. one-three percent

  4. eight-nine percent
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Third party administrators were introduced in the year 2001. They are licensed and regulated by IRDAI and mandated to provide health services. The minimum capital and other stipulations to qualify as a TPA are prescribed by IRDAI. Thus, health claims servicing are now outsourced by the insurers to the TPAs at a remuneration of five-six percent of the premium collected.

Keep practicing — related questions