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Wealth manager and insurer sign Indian partnership

By Cristian Angeloni, 3 Oct 19

To provide global health cover to high net worth individuals

ManipalCigna Health Insurance Company and IIFL Wealth Finance have entered into a partnership to ensure the wealth management firm’s clients can have “cashless” access to healthcare facilities around the world.

Under the partnership, the health cover offered to customers of Mumbai-headquarterd IIFL Wealth will include consultations, prescribed drugs, diagnostic and wellness.

HIV/Aids, dental, vision, travel vaccination and health appliances will be covered as well.

ManipalCigna is a joint venture between US global health service provider Cigna Corporation, Indian conglomerate TTK Group and Manipal Education & Medical Group.

Extended access

Prasun Sikdar, managing director and chief executive of ManipalCigna, said: “Our partnership with IIFL Wealth is built on our shared passion for improving customer’s access to quality healthcare.

“We are confident that our global health insurance solutions will meet the unique health needs of IIFL Wealth’s high net worth customers – giving them access to the best medical care, anywhere around the world.”

Karan Bhagat, founder, managing director and chief executive of IIFL Wealth Management said: “The global health insurance cover offered by ManipalCigna to our clients fits perfectly into our bouquet of wealth management services.

“Given ManipalCigna’s vast experience in providing high standards of healthcare, our clients can rest assured in the knowledge that their medical needs and well-being will be taken care of across the world.”

Tags: India

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.