What is the PPN Full Form in Insurance?
The PPN full form in insurance is Preferred Provider Network. In the case of health insurance, the PPN and the General Insurance Public Sector Association (GIPSA) will work together to render cashless treatment for the policy holders at the network hospitals. This system simplifies the process of the medical bill claims for the patients and also ensures standardization of medical costs.
Rate of PPN in insurance
PPN in health insurance refers to the network of hospitals that are in association with the health insurance provider to offer cashless health care treatment to the policyholders. The PPNs list PPN rates for the clients of public sector health insurance companies with which the insurance company is associated. PPN rates are specific only for the list of specified illnesses in the hospital.
When will the PPN rate apply?
PPN rates would be applicable only if the health insurance plan is bought from a Government health insurance company such as Oriental Insurance Company, United India Insurance Company, The New India Assurance Company, or National Insurance Company. The insurance companies should list the illnesses, and the medical treatment should be taken only at the networked hospitals.