ManipalCigna Health Insurance provides customised insurance solutions to bolster healthcare in Hyderabad. Details here
ManipalCigna Health Insurance, a rapidly expanding independent health insurance company in India, is proactively enhancing its footprint in Hyderabad and nationwide. It aims to cater to various healthcare financing needs and introduce its innovative health insurance solutions to new customer segments.
In the fiscal year 2022-2023, the insurer achieved a substantial gross written premium of approximately more than ₹150 crores in Andhra Pradesh and Telangana, establishing itself as the second-largest market for business growth in South India. The company is dedicated to increasing the adoption of health insurance in the Andhra Pradesh and Telangana regions, ensuring its customers have convenient and lifelong access to high-quality healthcare services.
During the fiscal year 2022-23, the health insurance specialist ManipalCigna disclosed an approximate gross written premium (GWP) of ₹500 crore, representing an impressive 37% growth across the entire southern market encompassing Telangana, Andhra Pradesh, Karnataka, Kerala, and Tamil Nadu. As a standalone health insurer, the company has ambitious plans to double its business, targeting a GWP of more than ₹1000 crore within the next two years.
This expansion strategy includes the launch of new branch offices, a significant increase in the workforce, and the recruitment of over 10,000 agents in the southern region. Sapna Desai, Chief Marketing Officer, ManipalCigna Health Insurance, commented, “Andhra Pradesh and Telangana have a high prevalence of non-communicable diseases as per various industry surveys.
With this in mind, we at ManipalCigna remain committed to providing reliable health insurance solutions to safeguard our customers’ health and well-being in the region. Our
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