ManipalCigna Health Insurance sees 37% increase in South India gross written premium, expecting mark

– ManipalCigna Health Insurance, one of India's fastest-growing standalone health insurance company, strengths its presence across India and southern markets to cater to the healthcare financing needs and reach new customers segments with its innovative health insurance solutions. As health insurance expert, ManipalCigna Health Insurance saw a robust growth from the southern region - Andhra Pradesh, Karnataka, Kerala, Telangana and Tamil Nadu. As part of its expansion in the southern region, ManipalCignaHealth Insurance aims at launching new branch offices and plans to hire more employees and nearly 10,000 agents for South push in FY24 and expects its business to double to ₹1000+ crore GWP in the next 2 years. ManipalCigna Health Insurance had a claim settlement ratio of88.32% for the financial year 2022-23, demonstrating its strong commitment to offering better claims experience and honouring the financial security of policyholders and their families in times of needs. 

Sapna Desai, Chief Marketing Officer, ManipalCigna Health Insurance, commented, “South India is one of the fastest growing markets for us, and we at ManipalCigna are committed to making a positive impact on people's health and financial well-being in the region. The partnership of Manipal Group’s local expertise being the second largest hospital chain in India and Cigna Healthcare’s global experience has made us a truly differentiated healthcare financing provider. We plan to continue on our growth journey in South India by providing affordable, predictable, and simple health insurance solutions to serve the evolving and diversified healthcare financing needs of our customers”

AshishYadav, Head of Products, added, “At ManipalCigna Health Insurance, we continually strive to offer a range of health insurance products to cater to the evolving healthcare financing needs of various customer segments such as Lifetime Health, Prime Senior, amongst others that comes with many industry first features.”

With innovative and customer-focused product solutions, ManipalCigna Health Insurance stands out as one of the trusted health insurance company in India, addressing the unique health needs of individuals and offering comprehensive coverage to take care of customer’s healthcare financing requirements.For more information on ManipalCigna Health Insurance's product portfolio of offerings, visit the official website: https://www.manipalcigna.com/health-insurance