What is meant by GIPSA? And why is it important?

 

GIPSA stands for (General Insurance Public Sector Association) which is helpful for health insurance policyholders. It is a group of the four best public sector insurance companies. And those companies are New India Assurance Company, Oriental Insurance company, United India Insurance company, and National Insurance company.

 

This group of companies has limited cashless services for hospitals and creates their preferred provider networks (PPNs) based on their packages. According to the reports, this decision has impacted more than 5.49 crore health insurance policyholders.

 

How Does Gipsa Work?

As we know, GIPSA is General Insurance Public Sector Association, and the work of GIPSA is to provide insurance facilities. GIPSA includes insurance coverage for common illnesses like the appendix, kidney stones, hysterectomy, angioplasty, etc.

 

According to the reports, more than 550 hospitals and 12 cities across India have GIPSA services. 

Suppose you live in places like Kolkata, Bangalore, Mumbai, Pune, Indore, Chennai, Hyderabad, Chandigarh, Delhi, Jaipur, etc. So you can take advantage of it. 

 

Essential Points For Policyholders-

Points to remember for policyholders decided by GIPSA –

• Policyholders can easily take advantage of cashless mediclaim insurance services from the hospitals approved by GIPSA.

• Hospitals under GIPSA have to charge as per the decided package rates. If any hospital charges beyond the fixed rates, then policyholders take action against those hospitals with the help of insurance companies.

• If policyholders want to claim their refund for the treatment done by the hospitals under GIPSA, then the insurer has to repay as per the GIPSA rates.

What Are The Benefits Of GIPSA

 

Read More: https://www.indhospitalsolution.com/whatismeantbygipsaandwhyisitimportant/