As name TPA-Third party administrator indicates,health insurance companies are allowed to render remuneration based  health services from third party associates. TPA can work for any number of insurance companies. If any insurance company is offering group insurance for firm having thousands of employees,its not possible for it to handle higher number of  claims.As TPAs are…

Retirement is an important milestone in anyone’s life.There are different options available for post retirement income & we will look at one of them – Immediate Annuity Plan. Immediate Annuity Plans: As name indicates,policy holder needs to purchase the annuity by paying lumpsum purchase price. Annuity payouts are immediate as per annuity payment mode chosen…

Recently HDFC Life Insurance have come up with the Health Insurance Plan Viz.HDFC Life Heath Assure Plan. This plan is similar to any basic mediclaim plan which reimburses the actual hospitalization expenses ..there are few other health plans offered by life insurance policies which offers benefits as fixed amount irrespective of the actual expenses. This…