Cigna seeks to up its stake in Cigna TTK

Cigna TTK has filed an application with the IRDAI to increase Cigna’s stake from 26% to 49% in the joint venture. The increase in stake is subject to regulatory approvals.

Cigna TTK Health Insurance a joint venture between US-based global health service leader, Cigna Corporation and Indian conglomerate TTK Group. Cigna TTK is a standalone health insurance company having a pan-India presence, headquartered in Mumbai. Cigna TTK, currently has over three lakh customers in India with a network of 15 branches, and is present in 6,000 locations through its point of sales network.

Cigna TTK will continue to strengthen its market position in India by further growing its distribution network through expansion and new alliances.