ManipalCigna Health Insurance

High claims for Covid-19 a challenge for the industry, says the senior executive

Max India, which owned 51 per cent in the insurer sold its stake to True North in February 2019 for Rs 510 crore

The scheme is applicable for the customers of ProHealth Insurance plans who have an obligation of mandatory co-payment benefit and policy is issued on or before April 30, 2020

The earlier joint venture partner, TTK group, will exit the business entirely and US based global health service provider Cigna Corporation will hold 49 per cent in the joint venture