Latest news with #ManipalCignaHealthInsurance
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Business Standard
15-05-2025
- Health
- Business Standard
Do not apply for health cover without revealing existing hypertension
You may succeed in buying the policy but your claim could get rejected later if any complications arise Premium Sanjay Kumar Singh Karthik Jerome New Delhi Listen to This Article May 17 will be celebrated as World Hypertension Day. According to the World Health Organisation and the India Hypertension Control Initiative, around 25 per cent of Indian adults suffer from hypertension. This condition can lead to serious complications such as heart disease, stroke, kidney and eye disorders, and cognitive decline. 'Hypertension can be the root cause of many diseases regarded as chronic or critical,' says Ashish Yadav, head (products and business operations), ManipalCigna Health Insurance. Getting a cover becomes a challenge Buying health insurance can be challenging for individuals with hypertension. 'Such applicants have to undergo extensive medical testing, which can be
Yahoo
27-03-2025
- Business
- Yahoo
India's LIC reportedly eyeing stake in ManipalCigna Health Insurance
Life Insurance Corporation of India (LIC) is in talks to purchase a 40–49% stake in ManipalCigna Health Insurance, the Economic Times has reported. The move could value the health insurer at approximately Rs35bn–37.5bn ($408m–437m), the report said. ManipalCigna is a joint venture between India-based Manipal Education & Medical Group and US-based Cigna Corporation. The Manipal Group increased its stake to 51% in 2019, with the remaining 49% held by Cigna. If finalised, the deal would mark LIC's foray into the health insurance space. The acquisition discussions have made headlines recently, but no binding agreement has been signed yet. The completion of the deal hinges on approvals from LIC's board and regulatory authorities as per a previous stock exchange filing by the company. Earlier this month, LIC's managing director and CEO, Siddhartha Mohanty, hinted at a deal announcement by the end of 31 March. However, he did not disclose the identity of the target company. The size of the stake is subject to various factors such as valuations and a board decision, he stated, indicating that LIC may not seek a controlling interest in the health insurer. On the sidelines of the Global Conference of Actuaries event in Mumbai, Mohanty said: 'It is a natural choice for LIC to be in health insurance, discussion is going on at final stage.' "India's LIC reportedly eyeing stake in ManipalCigna Health Insurance " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
