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Bank of Maharashtra ties up with Cigna TTK

Bank of Maharashtra is partnering with insurance company Cigna TTK Health to market the insurer’s products in the bank’s branches across the country. The bank will offer all of Cigna TTK’s superior health insurance products to its 2 crore customers through its network of over 1896 branches, its 14,000 bank employees across the country as well as through its digital platforms. Ravindra Marathe, MD and CEO of the bank, said the tie-up will bolster penetration of health insurance in the country, which is currently between 5-7%. Additionally, the World Health Organization’s (WHO) Sustainable Development Goals 2030 include ensuring healthy lives and promoting well-being for all at all ages, with a specific focus on India. The bancassurance tie-up will be a positive step towards this end, he added.

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