What does the term 'service provider' refer to?

A service provider is simply a company or an individual who provides 'service' to others. In terms of insurance, the term 'service provider' refers to the company/agency through which you are covered or insured. Apollo Munich is one of India's fastest growing and most reliable insurance service providers. They provide services like hospital networking, reimbursement of hospitalization charges, etc. (in accordance with the terms and conditions of the policy)

Apollo Munich, the insurance service provider, can be contacted when you wish to claim or renew the policy you have purchased. All policies, opted for by the client, are governed by the rules and regulations set by the service provider, i.e., Apollo Munich.