Dr. Nayan Shah, a Radiologist by profession and one of the founders (currently the Managing Director of Paramount Health Group) of Paramount, had a vision to provide high-quality Healthcare Management Services.
In 1996, Dr. Shah along with Mr. H.R. Shah founded and registered Paramount Healthcare Management Pvt. Ltd. (PHM) and it was initially formed with the idea of providing healthcare for relatives of NRI in India
In 1999, PHM entered into a joint venture with Munich RE, Germany. (Munich RE is one of the world’s largest reinsurance company)
Paramount Health Services & Insurance TPA Pvt. Ltd. (erstwhile Paramount Health Services TPA Pvt. Ltd.) was formed in 2001
Paramount Health Services TPA Pvt. Ltd. obtained license from Insurance Regulatory and Development Authority of India to act as a Third-Party Administrator in 2002
Recipient of 'TPA of the Year' award for 3 consecutive years at the India Insurance Summit & Awards (2017, 2018 & 2019)
Paramount is presently servicing more than
Policies and an additional
State Government Health Policies.