By
Tricitynews
Chandigarh 28th June:- 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 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 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 Sikdar 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.
Jason Sadler, President, International
Markets, Cigna said that e are delighted to have appointed Prasun Sikdar 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. He is 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.
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.
Commenting on his appointment, Prasun said
that he is 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 he see tremendous
opportunity for Cigna TTK to support access to health and wellness. He 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.
