Cigna TTK Health Insurance

Cigna TTK Health Insurance
Headquarters Mumbai, Maharashtra, India
Services Insurance, Health Insurance
Website www.cignattkinsurance.in

Cigna TTK is a health insurance firm established as a joint venture between the Cigna, the global insurance player and TTK Group, an Indian conglomerate.[1] Cigna TTK Health Insurance Company Limited is a standalone health insurance company and was incorporated on 12 March 2012, under the Company’s Act of 1956.

Cigna is a global health services company which is listed on the NYSE (NYSE: CI) and is headquartered in Bloomfield, Connecticut, USA. The company has operations in 31 countries including USA, United Kingdom, China, Spain, Korea, Indonesia, New Zealand, Taiwan, Turkey, Thailand and India.

TTK Group is an industry conglomerate based in Chennai, India. The company had different business interests including medical devices (Dr. Scholl’s, Chitra heart valves), contraceptives (Skore, Durex, and Kohinoor), consumer goods (Woodward’s gripe water) & kitchenware (Prestige pressure cookers).

History

Cigna TTK (Cigna TTK Health Insurance Company Limited) was formed as a Joint Venture between Cigna Corporation in November, 2011.[2] Cigna Corporation and TTK have 26% and 74% of the joint venture as per the Indian regulations. The Company was granted IRDA approval[3] in November, 2013 paving the way for a formal launch of its services in India in February 2014.[4]

Offices

CignaTTK is headquartered in Mumbai and has offices in the following Indian cities:[5]

Awards and Recognitions

Cigna TTK has been awarded the “Economic Times Best Promising Brands 2015” and, is partnering the prominent Marathons - Airtel Delhi Half Marathon (ADHM) and Standard Chartered Mumbai Marathon (SCMM) as the official health insurance partner.

Products and Services

ProHealth is a flagship health insurance product from Cigna TTK. In addition, they launched Critical Care and Accident Care as part of their Lifestyle Protection Product Suite, for individual and family. Cigna TTK has also introduced first- of- its kind, group health insurance product- Cigna Global Health Product (CGHP). The product offers global coverage for Indian employees travelling across globe.

References

  1. ↑ http://www.nytimes.com/2011/11/21/business/cigna-to-sell-health-insurance-in-india.html?_r=0
  2. ↑ http://www.financialexpress.com/news/cigna-ttk-form-health-insurance-jv/878799
  3. ↑ http://articles.economictimes.indiatimes.com/2013-11-18/news/44202228_1_operations-irda-approval-mumbai
  4. ↑ http://www.business-standard.com/article/finance/cigna-ttk-health-insurance-bags-licence-from-irda-113111800702_1.html
  5. ↑ http://articles.economictimes.indiatimes.com/2014-02-25/news/47670948_1_commercial-operations-mumbai

External links

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