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Cigna Gets IRDA's Nod to Partner with Manipal Group

Published On Mar 18, 2019 12:00 AM By Sakshi Aggarwal

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.” 

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