INTERVIEW QUESTIONS INSURANCE DETAILS

Question: Who can apply to become a TPA with an insurance company?

Answer: The insurance company selects its third party administrator or TPA as per various IRDA norms including some insurance company centric norms. As per IRDA guidelines TPA is required to maintain minimum paid-up equity share capital of Rs 4 crore with at least one director having a MBBS degree. The insurance company can change its TPA if it is under performs as per their agreement with the selected TPA.

The insurance company selects its third party administrator or TPA as per various IRDA norms including some insurance company centric norms. As per IRDA guidelines TPA is required to maintain minimum paid-up equity share capital of Rs 4 crore with at least one director having a MBBS degree. The insurance company can change its TPA if it is under performs as per their agreement with the selected TPA. Source: CoolInterview.com

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