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Cigna TTK Health Insurance bags licence from Irda

Insurance major to shortly commence India operations

M Saraswathy  |  Mumbai 

Company Limited, a joint venture between the US based global health service leader, Cigna Corporation, and Indian conglomerate TTK Group, has received the (R3) from the Regulatory and Development Authority (Irda) on November 13, 2013 and is set to commence its operations soon.

Sandeep Patel, Managing Director & CEO, said, "We are happy to announce that we have received the regulatory approval from to commence operations in India. We would like to thank the for its support throughout the licensing process."

With this registration, the total number of general insurers registered with the Authority has gone upto 28. This is the fifth standalone health insurer in India.

will be a stand-alone company, headquartered in Mumbai and will look to roll out a pan India presence.

First Published: Mon, November 18 2013. 17:44 IST