As your father and mother are 58 and 50 years old, I would recommend buying separate policy for both of them with minimum sum insured of Rs. 500,000 (due to high medical costs now a days).
Third Party Administrators (TPA) is an important link between Insurance companies, policyholders & healthcare providers (Hospitals and nursing homes). TPA’s role is to provide administrative support to the insurance companies for servicing Mediclaim insurance policies.2. What is TPA ? Is Policy taken through TPA is good or benificial?
More Info - http://www.policywala.com/forum/show...ht=Third+Party
Check the survey result here and take your call -3. Which company's policy is good?
Thanks,
Amal
http://www.policywala.com/forum/show...HT-MaRS-Survey