Bhubaneshwar,19th January 2024 – ManipalCigna, one of the fastest-growing standalone health insurance company, is actively enhancing its footprint in Odisha and Eastern India. The company is dedicated to providing innovative and customized health insurance solutions to address the diverse health challenges faced by different customer segments in Odisha and provide them with lifelong access to quality healthcare.
Leveraging its expertise in health insurance, ManipalCigna Health Insurance has seen steady growth in the eastern region. The Company has a network of close to 1000 hospitals in the 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 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, “The Odisha state grapples with a significant 27.19% prevalence of major Non-Communicable Diseases (NCDs), such as hypertension, diabetes, respiratory ailments, digestive diseases and neurological disorders. This percentage surpasses the national average of 11.63%, as revealed in a study conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). In response to the rising healthcare incidences and escalating treatment costs, ManipalCigna has been steadfast in offering tailored health insurance products to meet the unique health needs of Odisha’s residents. With product solutions like ManipalCigna Lifetime Health we offer customers many innovative features to facilitate their unique healthcare needs. This product, known for affordability and high sum insured coverage, offers a well-rounded defense against life’s unprecedented circumstances.”
Desai further added, “As a health insurance expert, ManipalCigna 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.
Odisha is a crucial market for ManipalCigna Health Insurance, and the Company is committed to offering affordable solutions, increasing penetration of health insurance and providing its customers with easy and lifetime access to quality healthcare. For more information on ManipalCigna Health Insurance’s product portfolio of offerings, please visit the official website: https://www.manipalcigna.com/health-insurance