Cigna Gets IRDA's Nod to Partner with Manipal Group

Cigna Health Insurance has received the Insurance Regulatory and Development Authority’s (IRDA) necessary regulatory approval to partner with Manipal Group. Manipal Group will hold a stake in the health insurance venture. Cigna Corporation will continue to hold its 49% stake in the joint venture.

Cigna, with the new partnership, will help Cigna bridge the gap between healthcare delivery and healthcare financing, enabling the company to provide customers with a more comprehensive, innovative, personalized and affordable suite of healthcare solutions.

Jason Sadler, President, Cigna International Markets said: “India is an important market for Cigna and we are pleased to welcome Manipal Group on board, a pioneer in healthcare delivery ecosystems, as our new health insurance joint venture partner. The joint venture is well-aligned with our mission to improve the health, well-being, and sense of security of our customers.”