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Cigna TTK Health Insurance Company Limited, a joint venture between the US based global health service leader, Cigna Corporation, and Indian conglomerate TTK Group, has received the regulatory licence (R3) from the Insurance Regulatory and Development Authority (Irda) on November 13, 2013 and is set to commence its operations soon.
Sandeep Patel, Managing Director & CEO, Cigna TTK Health Insurance said, "We are happy to announce that we have received the regulatory approval from Irda to commence operations in India. We would like to thank the Irda 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.
Cigna TTK will be a stand-alone health insurance company, headquartered in Mumbai and will look to roll out a pan India presence.
