TPA is a person or organization that processes claims and performs other administrative services in accordance with a service contract, usually in the field of employee benefits. What is the full form of TPA?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Third Party Allowed
B	Treaty Party Administration
C	Third Panel Administration
D	Third Party Administration

Explanation:

Detailed explanation-1: -1) TPAs function as intermediaries between the insurance provider and the policyholder and its key function is processing of claims and settlement. 2) The TPA issues ID cards to policyholders, which have to be shown to the hospital authorities before availing any cashless hospitalisation services.

Detailed explanation-2: -The third-party as the name simply signifies is someone or an organisation which is the third party and is the administrator. TPA is the abbreviation for Third Party Administrator. So, this is someone who is not directly involved in the administration process of the services which are mentioned in the contract.

Detailed explanation-3: -What is a TPA? A Third Party Administrator is a body that processes insurance claims admissible under the mediclaim policy. In general, these administrators are independent but can also act as an entity belonging to the insurer/s. These bodies are licensed by Insurance Regulatory IRDAI.

Detailed explanation-4: -Another major advance was the clot-dissolving medicine tPA (for tissue plasminogen activator), the first treatment for acute ischemic stroke to receive Food and Drug Administration (FDA) approval.

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