Nov 12 2020

ManipalCigna Health Insurance appoints Mr. Srikanth Kandikonda as Chief Financial Officer

ManipalCigna Health Insurance Company Limited, today announced the appointment of Mr. Srikanth Kandikonda as its new Chief Financial Officer, effective 4th November 2020. In this role, Srikanth will be responsible for leading all of the Company’s finance, internal audit and procurement functions.

Srikanth Kandikonda, is a seasoned finance leader, with over 29 years of experience in the BFSI sector. Before joining ManipalCigna, he was the founding member and CFO of HDFC ERGO Health Insurance (Erstwhile Apollo Munich) serving the company for the whole life cycle from conceptualisation to a final merger. During his tenure with Apollo Munich, he was conferred with the ‘Most Influential CFOs of India’ by the Chartered Institute of Management Accountants (CIMA), UK in 2016. Prior to this role, he has also worked with Axis Bank and Global Trust Bank in Corporate Banking domain and other areas for eleven years. Srikanth is a fellow of the Institute of Cost Accountants of India and a fellow of the Institute of Company Secretaries of India. He holds a bachelor’s degree in commerce and law.

Speaking on the appointment, Prasun Sikdar, Managing Director and CEO, ManipalCigna Health Insurance, said, “We are delighted to have Srikanth, join our team to lead our next chapter of accelerated growth. Srikanth brings to our organization long and distinguished experience, so I am confident that his deep functional expertise in all aspects of finance, will add immense value to ManipalCigna’s further growth strategy, as we continue to provide customers with easier, simpler and more affordable health insurance solutions.”

Commenting on his new appointment, Srikanth Kandikonda stated, “I am honoured to be a part of the ManipalCigna family and join a team with a strong foundation for growth and proven track record of commitment to its customers and partners. The health insurance business in India continues to be a fast-growing segment and I look forward to build on the company’s growth momentum, deliver on its mission to improve the health, well-being and peace of mind of those it serves and help the company create even more value for its shareholders.”

ManipalCigna 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.

About ManipalCigna Health Insurance Company Limited

ManipalCigna Health insurance Company Limited (Formerly known as CignaTTK Health Insurance Company Limited) is a joint venture between Manipal Group, an eminent player in the field of healthcare delivery and higher education in India, Cigna Corporation, a global health services company with over 200 years of experience and Indian conglomerate TTK Group. ManipalCigna is headquartered out of Mumbai and has 46 branch offices covering major metros and towns. The company has built a strong multi-distribution network of over 20,000 agents, 250+ major brokers and is present in over 13,000 point of sales locations across the country through its distribution network. ManipalCigna also has tie-ups with 9 leading Banks, over 30 Corporate Agents, NBFCs and MFIs for distributing health insurance solutions and has a network of over 6500 trusted hospitals across cities including tier I, tier II and tier III towns in India. To learn more, visit

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