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Share on India’s liberalisation of the insurance sector and the rising popularity of the Internet in the late 90s led to Girish Rao embarking on an entrepreneurial journey. Vidal Health Chairman and MD Girish Rao As someone who was looking to challenge the status quo and solve complex problems, the mechanical engineer started Vidal Health in 2002 in Bengaluru to provide third-party administration (TPA) services in the healthcare space. Shankar Bali a telecom and fintech professional joined him as the Joint Managing Director. “At that time, Indian insurance opened up for private organisations. I got the license and began Vidal Health with the mission to provide good quality TPA services to health insurance policyholders in India and abroad,” Girish tells SMBStory. ....
The Bengaluru based health insurance claims processor Vidal Health Insurance TPA Pvt Ltd hopes to close this fiscal with a revenue of about Rs 200 crore after the merger of Vipul MedCorp Insurance TPA, said a senior official.He also said the . ....
Boosted by acquisition, Vidal Health expects over 25% revenue growth this fiscal Boosted by acquisition, Vidal Health expects over 25% revenue growth this fiscal Mumbai, Apr 18: Bengaluru-based third-party insurance player Vidal Health is expecting over 25 per cent jump in revenue this fiscal at Rs 235 crore following the acquisition of the small rival Vipul Medcorp last month. The merger will make Vidal the largest TPA (third-party administration) in terms of the number of lives covered at 3.2 million (2.2 million of its own and 1 million acquired from Vipul) and the second largest in terms of revenue after Medi Assist in an addressable health insurance market of Rs 40,000 crore in premium size, which is served by as many as 22 TPAs now. ....
Express News Service BENGALURU: There have been rumours circulating on social media about people having to show acknowledgement of taking the Covid vaccine to insurance companies to cover hospitalisation for Covid-19. If there is no record of the person being vaccinated, there will be a hike in premium, the rumours state. However, when TNIE checked with multiple insurance companies and sources in the insurance sector, they said there is no link between vaccination and corona insurance cover, as of now. From a regulatory framework, there is no need to produce a Covid vaccination certificate right now as the insurance policy is not designed that way. ....