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Health Insurance Glossary (1) - INDIA

Posted by HannahSP on Sat, 19 Dec 2009

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AgentAn agent is appointed by the insurer to conduct business on behalf of the insurance company. An agent must hold a license issued by the IRDA. ClaimThe process of applying to the insurer for reimbursement of the expenses incurred for treatment is called “filing a claim”. Usually, this process is handled by a service provider to the health insurance company. This service provider is called a “Third Party Administrator” (See below). Cashless ClaimAs the term suggests, the insured can make a cl... Read More

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