Tuesday, December 3, 2013

Cigna TTK Health Insurance gets regulatory nod to commence operations

Cigna TTK Health Insurance Company Limited has recently received licence from the Insurance Regulatory and Development Authority (IRDA) to commence its operations in India.

The Cigna TTK Health Insurance Company Limited is a joint venture between Cigna Corporation, a US-based global health service leader and TTK Group, an Indian business conglomerate, which is present across several segments of industry such as- consumer durables, pharmaceuticals and supplements, health care services and bio-medical devices etc.

With this approval, Cigna TTK became the 28th registered general and 5th standalone health insurance company in India. It is all set to begin its operations soon.

Managing Director-cum-Chief Executive Officer of Cigna TTK Health Insurance, Mr. Sandeep Patel thanked IRDA for its support throughout the licensing process. “We are happy to announce that we have received the regulatory approval from IRDA to commence operations in India," he said.

Furthermore, he said, “We are truly excited to mark our presence here and bring to life Cigna TTK's mission to improve the health and well-being of people. We will strongly leverage Cigna's global health services experience and expertise and the trust of the TTK Group to offer an innovative suite of products backed by an enhanced customer experience. To support this, we have extensively invested in state-of-the-art technology, to give customers and distributors a completely hassle-free and personal experience."

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