Express Healthcare

Medi Assist service healthcare premiums of over Rs 10,000 crores

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The total number of policyholders benefiting from the health insurance premiums has grown from 1.24 crores to a 4.5 crores (2.6 times) since FY-15

Medi Assist Insurance TPA becomes India’s first Third Party Administrator (TPA) to service more than Rs 10,000 crores of active group and retail healthcare premiums, excluding the premiums managed by Medi Assist for the government business where the company supports states and central government health schemes, managing over about 7 crore lives separately.

The company has invested significantly in artificial intelligence and machine learning to enable automated claims adjudication. Medi Assist has also enabled key stakeholders like hospitals by providing them a digital interface to connect with the TPA for speedy transmission of claims information thereby reducing the timeline for discharge.

The total number of policyholders benefiting from the health insurance premiums has grown from 1.24 crores to a 4.5 crores (2.6 times) since FY-15. As of January 2022, Medi Assist has settled around 41 lakh claims, crossing the figure of 30+ lakh claims in 12 months of the previous financial year, these include domiciliary and COVID claims.

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