Thursday, April 3, 2014

Cigna TTK Health Insurance Unveils 'Prohealth'

The latest entrant in the standalone health insurance segment Cigna TTK Health Insurance Company on Wednesday announced the alunch of a health insurance product-ProHealth, with an add-on Critical Illness option.

Cigna TTK is a joint venture between the Cigna Corporation, a US-based global health services provider and the TTK Group, an Indian business conglomerate, which is present across several segments of industry. It has recently got the necessary regulatory approval from the Insurance Regulatory and Development Authority (IRDA) for a retail health insurance product. In the joint venture, the Cigna Corporation holds the maximum permissible share of 26%, while the TTK Group holds the lion share of 74%.

Under ProHealth, the policyholders will get immediate benefits of diagnostic tests cost, drugs and doctor's fees prescribed by the physician for minor ailments through Cigna TTK Health Maintenance Benefits. It also offers a Healthy Reward Programme that allows policyholders to earn reward points on the premium paid and accrue additional points by opting for Cigna TTK's ProLife, an online wellness programme.

The most important feature of this product is that it offers medical emergency cover across the globe. Besides, it has a Smart Restoration feature that restores the entire sum insured for the later claims within the same year, in case, it is exhausted. It also allows customers to opt for an add-on Critical Illness cover.

“ProHealth is a flexible product which can be customised according to the different needs of the customers", CignaTTK Health CEO and Managing Director Mr. Sandeep Patel said.

It has four variants and multiple customisation options to cater to all consumer segments, he added.

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