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Cigna TTK Health Insurance secures license from IRDAI, to shortly commence India operations
Mumbai, 18th November 2013 Cigna TTK Health Insurance Company Limited, a joint venture between the U.S. based global health service leader, Cigna Corporation, and Indian conglomerate TTK Group, has received the regulatory - license from the Insurance Regulatory and Development Authority (IRDA) on 13th November, 2013 and is set to commence its operations soon. Announcing this development, Mr. Sandeep Patel, Managing Director & CEO, Cigna TTK Health Insurance said, "We are happy to announce that we have received the regulatory approval from IRDA to commence operations in India. We would like to thank the IRDA for its support throughout the licensing process “We are truly excited to mark our presence here and bring to life Cigna TTK Health Insurance’s mission to improve the health, well-being and sense of security of the people we serve. We will strongly leverage Cigna’s global health services experience and expertise, and the trust, credibility and experience 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." Cigna TTK Health Insurance is a stand-alone health insurance company, headquartered in Mumbai and will look to roll out a pan India presence.
U.S. health service giant Cigna Corporation, and Indian conglomerate TTK Group have entered into a joint venture to sell health insurance products in India. Cigna TTK Health Insurance Company Limited (Cigna TTK) has been incorporated and is based in Mumbai.
Cigna Corporation (NYSE: CI) is a global health service company dedicated to helping the people we serve improve their health, well-being and sense of security. All products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Connecticut General Life Insurance Company, Cigna Health and Life Insurance Company, Life Insurance Company of North America and Cigna Life Insurance Company of New York. Such products and services include an integrated suite of health services, such as medical, dental, behavioural health, pharmacy, vision, supplemental benefits, and other related products including group life, accident and disability insurance. Cigna maintains sales capability in 30 countries and jurisdictions, and has more than 80 million customer relationships throughout the world. To learn more about Cigna®, including links to follow us on Facebook or Twitter, visit www.cigna.com
TTK is widely recognized across India with a reputation built across eight decades for quality consumer products and services, the three letters in ‘TTK’ represents the corporate philosophy of the Group – Trust, Transparency and Knowledge. TTK’s various operations include manufacturing and marketing of kitchenware, fast moving consumer goods, pharmaceuticals, contraceptive devices, bio-medical devices, food products, maps and atlases, and other services. The company’s multiple businesses sell brands that are household names including Prestige, Woodwards, Eva, Fryums etc. TTK has its roots in India but reaches every continent in the globe with its wide range of products. The flagship company of the group, TTK Prestige, has won several awards including the India’s “Best SME Company for the year 2010” presented by the Prime Minister of India. TTK Prestige has earned a spot in FORBES ASIA’s list of “Best under a Billion” companies. To learn more about TTK Companies, visit www.ttkhealthcare.com or www.ttkprestige.com
