Kolkata : ManipalCigna, one of the fastest-growing standalone health insurance company, is actively expanding in India and eastern markets to tap into diverse customers segments with its innovative health insurance solutions. Leveraging its strong multi-channel distribution network and multi-product offerings, the company is at the forefront of healthcare financing and is dedicated to providing lifelong access to quality healthcare to people of Eastern Region.
As a standalone health insurance entity, ManipalCigna has a network of close to 1000 hospitals in Eastern region, out of the 9,000+ pan-India hospitals across the country. To further strengthen its presence and serve the patients in Eastern India, in 2023 Manipal Hospitals also acquired stakes in Kolkata-based AMRI (Advanced Medical Research Institute) Hospitals. This makes Manipal Hospitals the largest hospital chain in eastern India to effectively address the growing demand for high-quality tertiary and quaternary healthcare in Eastern India.
Sapna Desai, Chief Marketing Officer, ManipalCigna Health Insurance, said, “As per National Health Account (NHA) report, in West Bengal 67% of people rely on Out-of-Pocket Expenses (OOPE) to cover their healthcare-related costs. Several research studies also show health concerns of diabetes, hypertension, obesity, and the West Bengal state has also consistently ranked high in the number of cancer cases over the past years. Thus, to address the health challenges and associated treatment costs, ManipalCigna offers various tailored health insurance solutions such as Manipal Cigna Lifetime Health that covers illnesses and hospitalizations and offers Sum Insured up to ₹3 crore to cater the unique health requirements of the West Bengal market.”
Desai further added, “As health insurance expert, Manipal Cigna Health Insurance saw a robust growth from the eastern region. The Company has garnered 38% gross written premium (GWP) growth in the financial year 22-23 and we expect our business to double in the next 2 years in the eastern region. We have close to 8,000 advisors, major partners present in around 1500 point of sales locations across the region through distribution network, and 12 branch offices in Eastern India. As part of our expansion plan, we aim to launch new branch offices and plan to hire more employees and agents for East push in FY24.
To address the healthcare financing burden in the state, the insurer has launched ManipalCigna Lifetime Health with Sum Insured up to Rs 3 Crores each, for domestic and global coverage, unlimited restoration of Sum Insured for unrelated illnesses for coverages in India, to ensure policy holders never run out of cover, amongst others. Further, customers are empowered to customize their coverage with cumulative bonus, worldwide medical emergency hospitalization, and comprehensive coverage for maternity, surrogacy, and oocyte donor procedures to ensure our policyholders have a lifelong expert in health, providing financial security and peace of mind.