{"id":9843,"date":"2018-09-03T16:47:16","date_gmt":"2018-09-03T16:47:16","guid":{"rendered":"http:\/\/yourchennai.com\/?p=9843"},"modified":"2018-09-03T16:47:16","modified_gmt":"2018-09-03T16:47:16","slug":"manipal-group-buys-strategic-stake-in-cigna-ttk-health-insurance-company","status":"publish","type":"post","link":"https:\/\/yourchennai.com\/index.php\/2018\/09\/03\/manipal-group-buys-strategic-stake-in-cigna-ttk-health-insurance-company\/","title":{"rendered":"Manipal Group Buys Strategic Stake in Cigna TTK Health Insurance Company"},"content":{"rendered":"
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Cigna TTK Health Insurance Company Limited (Cigna TTK) has received\u00a0necessary regulatory approvals, from the Insurance Regulatory and Development Authority of India\u00a0(IRDAI) to partner with Manipal Group, a leader in the field of healthcare delivery and higher education.\u00a0As per the new structure, Cigna Corporation (NYSE: CI) will continue to hold its 49 percent stake in the\u00a0Indian health insurance venture, while Manipal Group and TTK Group will jointly hold 51 percent stake\u00a0in the joint venture.<\/p>\n

The new partnership will help Cigna TTK bridge the gap between healthcare delivery and healthcare\u00a0financing, enabling the company to provide customers with a more comprehensive, innovative,\u00a0personalized, and affordable suite of healthcare solutions.<\/p>\n

\"CignaJason Sadler, President, Cigna International Markets said: \u201cIndia is an important market for Cigna and\u00a0we are pleased to welcome Manipal Group on board, a pioneer in healthcare delivery ecosystems, as\u00a0our new health insurance joint venture partner. The joint venture is well-aligned with our mission to\u00a0improve the health, well-being and sense of security of our customers.\u201d<\/p>\n

Since its inception in 2014, Cigna TTK has created a strong position in the standalone health insurance\u00a0segment and is one of the fastest growing health insurance companies in India. With a deep focus on\u00a0health and wellness, the company has built a strong multi-distribution network with more than 10 lakh\u00a0customers in India. Currently, the company has more than 19 branches and is present in more than\u00a08,000 point of sale locations across India through its distribution network.<\/p>\n

Dr Ranjan Pai, Chairman, Manipal Education & Medical Group (MEMG) said: \u201cThe two organisations\u00a0are a good cultural fit. The combination of Cigna\u2018s global expertise in health and wellness, its ability to\u00a0offer customized solutions for the Indian market, and Manipal Group\u2019s integrated healthcare expertise\u00a0with multi-specialty hospital networks will create a true differentiation for healthcare in India.\u201d<\/p>\n

Manipal Group has diversified and established business models to serve the needs of its customers. This\u00a0includes building world-class hospitals, fostering preventive healthcare processes, and nurturing best\u00a0medical faculties through education institutions.<\/p>\n

\u201cOur joint venture with Manipal Group will help us deliver a superior customer experience to build a\u00a0differentiated market position, create a strong path for our future growth, and enable the expansion of\u00a0quality healthcare to millions of people in India\u201d, said Prasun Sikdar, MD & CEO, Cigna TTK Health\u00a0Insurance Company Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cigna TTK Health Insurance Company Limited (Cigna TTK) has received\u00a0necessary regulatory approvals, from the Insurance Regulatory and Development Authority of India\u00a0(IRDAI) to partner with<\/p>\n","protected":false},"author":1,"featured_media":9844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,30],"tags":[13400,13397,13398,13399,11592,1616],"class_list":["post-9843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-companies-economy","category-news-business-political-national-realestate","tag-cigna-corporation","tag-cigna-ttk-health-insurance","tag-irdai-approval","tag-manipal-group","tag-partner","tag-partnership"],"views":1447,"jetpack_featured_media_url":"https:\/\/yourchennai.com\/wp-content\/uploads\/2018\/09\/Cigna-TTK-Health-Insurance.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/9843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/comments?post=9843"}],"version-history":[{"count":1,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/9843\/revisions"}],"predecessor-version":[{"id":9846,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/9843\/revisions\/9846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/media\/9844"}],"wp:attachment":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/media?parent=9843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/categories?post=9843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/tags?post=9843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}