 "Vidal Health Insurance buys Vipul MedCorp TPA for an undisclosed amount")
Vidal Health Insurance TPA has acquired Vipul MedCorp Insurance TPA for an undisclosed amount, making it the largest third-party administrator (TPA) in this space after Medi Assist Insurance TPA.
The combined entity is expected to manage premiums to the tune of Rs 2,000 crore in 2021-22 and a TPA fee of over Rs 200 crore. In 2020-21 (FY21), the combined entity will close with a TPA fee of Rs 160 crore.
As a standalone company, Vidal Health will close FY21 with approximately Rs 100 crore. A TPA is a body that processes insurance claims admissible under the Mediclaim policy.
The combined entity is expected to manage premiums to the tune of Rs 2,000 crore in 2021-22 and a TPA fee of over Rs 200 crore. In 2020-21 (FY21), the combined entity will close with a TPA fee of Rs 160 crore.
As a standalone company, Vidal Health will close FY21 with approximately Rs 100 crore. A TPA is a body that processes insurance claims admissible under the Mediclaim policy.
