Having decided on a three-tier equity structure for third party administrators (TPAs) in health insurance, the Insurance Regulatory and Development Authority (IRDA) is planning to provide flexibility to insurance companies in deciding whether they want to permit TPAs to collect premium on their behalf.
Senior IRDA functionaries told Business Standard that the regulator was planning to restrict TPAs--which were outsourcing agencies employed by insurers--only from underwriting and participating in an insurance company
