Press Releases

Cigna TTK Health Insurance Appoints Prasun Sikdar as Managing Director and Chief Executive Officer

ManipalCigna  - 27 June 2018

 

Mumbai - June 27, 2018: Cigna’s (NYSE:CI) India business, Cigna TTK Health Insurance, a joint venture
between U.S.-based global health services company, Cigna Corporation and Indian conglomerate TTK
Group, today announced the appointment of Mr. Prasun Sikdar as its new MD and Chief Executive
Officer following regulatory approval from the Insurance Regulatory and Development Authority of India
(IRDAI). He succeeds Mr. Sandeep Patel, former MD and Chief Executive Officer, who will take over as
Chief Strategy and JV Officer for Cigna and will serve as Director on the Cigna TTK Health Insurance
Board.

Prasun will be responsible for building upon the company’s already strong position in India. He will
continue to focus on delivering innovative products and services to the company’s growing customer
base. With his deep experience in partnerships, he will also be working with the leadership team to
further expand the company’s distribution channels, while enhancing the brand and creating long-term
value for the organization and its customers.

Prasun brings more than 22 years of leadership experience in financial services and deep insurance
knowledge to Cigna TTK. Before joining Cigna TTK, Prasun was Group President and Global Head at Yes
Bank, where he managed and grew key bancassurance and mutual fund alliances and partnerships. Prior
to this he was a founding member and Senior General Manager – Chief Sales & Distribution at ICICI
Prudential Life Insurance. During his 17 years with ICICI Prudential Life Insurance, he worked across
several portfolios including Operations & Underwriting, Bancassurance, Agency, Alternate Distribution,
Health Business and Sales Strategy. Before ICICI Prudential Life, he has been associated with GE Capital
(SBI Cards) and Citicorp.

Mr. Jason Sadler, President, International Markets, Cigna said: “We are delighted to have appointed
Prasun as we continue to grow at a fast pace across India and deliver products and services to improve
the health, well-being and sense of security of our customers. I am confident that his passion for
innovation, as well as his rich and diverse experience, will add immense value and strengthen our
market position in India.”

Cigna TTK is one the fastest growing health insurance companies in India and has created a niche in the
health and wellness sector by offering its customers innovative products and services. Since
commencing operations in 2014, the company has established a significant presence in the market and
has fostered new partnerships with leading financial institutions. In 2018, Cigna TTK was recognized as
the Best Health Insurance Company at the Indian Insurance Summit and was certified as a ‘Great Place
to Work’.

Commenting on his new appointment, Prasun said: “I am honoured to become part of the Cigna TTK
family and am excited to have the opportunity to lead this respected organization. Health Insurance
continues to be a fast-growing segment and I see tremendous opportunity for Cigna TTK to support
access to health and wellness. I look forward to building a superior customer experience, delivering
profitable growth for the organization and enabling the expansion of quality healthcare to millions of
people in India.”

About Cigna TTK Health Insurance Company Limited

Cigna TTK Health Insurance Company Limited is a joint venture between the U.S. based global health
services leader, Cigna Corporation and Indian conglomerate TTK Group. Cigna Corporation (NYSE:CI)
maintains sales capability in 30 countries and jurisdictions and has more than 95 million customer
relationships worldwide. TTK is widely recognized across India for its reputation for quality consumer
products and services that spans across eight decades.

Cigna TTK is a stand-alone health insurance company with a pan-India presence, headquartered in
Mumbai. Cigna TTK offers differentiated health insurance solutions including health and wellness
programs that support customers in making lifestyle changes and managing chronic medical conditions.
To learn more, visit www.cignattkinsurance.in

About Cigna

Cigna Corporation (NYSE: CI) is a global health service company dedicated to helping people improve
their health, well-being and sense of security. All products and services are provided exclusively by or
through operating subsidiaries of Cigna Corporation, including Connecticut General Life Insurance
Company, Cigna Health and Life Insurance Company, Life Insurance Company of North America and
Cigna Life Insurance Company of New York. Such products and services include an integrated suite of
health services, such as medical, dental, behavioural health, pharmacy, vision, supplemental benefits,
and other related products including group life, accident and disability insurance. Cigna maintains sales
capability in 30 countries and jurisdictions and has more than 95 million customer relationships
throughout the world. To learn more about Cigna®, including links to follow us on Facebook or Twitter,
visit www.cigna.com.

Media Contact:
Sapna Desai
SVP, Head Marketing & Communication
Mob: +91 916 7206 587
Email: sapna.desai@cignattk.in

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