CONSULTANCY SERVICES FOR EVALUATION AND CREATION OF A COMMON THIRD PARTY ADMINISTRATOR (TPA) FOR HANDLING HEALTH INSURANCE CLAIMS
General Insurers Public Sector Association (GIPSA) promoted by four Public Sector General
Insurance Companies i.e. National Insurance Company Ltd., The New India Assurance
Company Ltd, The Oriental Insurance Company Ltd and United India Insurance Company Ltd.,
provides consultative platform to its Member Companies to deliberate on the issues of common
interest.
In order to build a sustainable and a competitive position in Health Insurance business, GIPSA
member companies intend to explore various options including, setting up of a common
company to process health insurance claims. It is felt that a subsidiary or a model based on
Public Private Partnership (PPP)/ Joint Venture (JV) could help them achieve effective and
better control on data, pricing, incurred claim ratio, and to provide best services to health
insurance policyholders. In this regard, GIPSA proposes to engage a Management Consultant
to avail expert advice and to help them to implement the above initiatives in line with the
member companies aspirations.
