GIPSA is an abbreviation for “General Insurance Public Sector Association”. It is an association of the four public sector general Insurance Companies, which are namely as below:
- The New India Assurance Company Ltd,
- National Insurance Company Ltd,
- United India Insurance Company Ltd, &
- The Oriental Insurance Company
Medical treatment packages by General Insurance Public Sector Association covers commonly occurring ailments.
In order for Hospital to join GIPSA preferred provider network list (Commonly referred to as PPN), they have to accept GIPSA rates. This helps the insurers rationalize the settlement of health insurance claims. GIPSA has limited cashless mediclaim services available to policy holders of the above public sector general insurance companies to hospitals that honor GIPSA suggested rates for treatment packages.
The Public Sector Insurers viz. National Insurance Co. Ltd; New India Assurance Co. Ltd.; Oriental Insurance Co. Ltd; and United India Insurance Co. Ltd. have negotiated special Package Rates with many hospitals across the Country (12 Cities: Ahemdabad, Chandigarh, Chennai, Delhi, Hyderabad, Mumbai, Indore, Coimbatore, Kolkata, Bangalore, Jaipur and Pune.) for a number of medical procedures. This negotiated tariff is offered under General Insurers Public Sector Association (GIPSA) wherein the 4 PSU insurers have created an Association and empanelled hospitals for fixed closed packages. Nationwide more than 550 hospitals have enrolled for GIPSA.
The Major Benefit GIPSA is to safeguard customers from being charged more by hospitals which in turn will ensure better utilization of Sum Assured in the Health Insurance.
Our team of experts can help your hospital in empanelment procedure.
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