A Fixed Daily Cash Benefit Plan with worldwide protection for illness or injury
Mumbai, October 19, 2015: Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna Corporation (NYSE:CI), and Indian conglomerate TTK Group, today announced the launch of its latest product - ProHealth Cash.
ProHealth Cash is designed to provide top-up, gap and base cover option to varied consumer segments across India based on current coverage and overall affordability criteria. It can act as a supplementary benefit tool that takes care of non-medical and incidental expenses, like food and travelling cost of the companion, helping one overcome increased financial burden during hospitalization for consumers, who already have a medical indemnity cover. Especially, since these costs are not covered as part of any health insurance policy.
For those who do not have any form of indemnity cover ProHealth cash can act as an affordable alternative to help ease the burden of hospitalization cost with minimal administrative processes. ProHealth Cash pays a fixed daily benefit to an insured person for each day of hospitalization irrespective of the actual medical expenses, incurred.
One of the most significant features of this product is that it will pay for the eligible fixed benefit even if the hospitalization occurs outside of India, anywhere in the world. The Product is one of the most comprehensive and affordable option available in the market today and is available under two plan variants, Basic and Enhanced. It provides coverage towards Hospitalization and increased payouts for ICU, Worldwide and Accidental admission. Moreover it also allows for features like Convalesce Benefit, Companion Benefit and Compassionate Benefit, with add on covers for Day Care, Accident Death and Critical Illness Benefit with annual coverage options ranging from INR 30,000 to 9 Lacs.
Announcing the launch, Mr. Sandeep Patel, CEO and Managing Director, Cigna TTK Health Insurance Company Limited said, “With the rise in the standard of living, hospitalization costs in the country have been increasing significantly. ProHealth Cash not only compensates for incidental expenses which may not be otherwise covered by health insurance, it also offers daily benefit for each day of hospitalization, anywhere across the world. The launch of this plan is an addition to our existing range of innovative products filling risk and coverage gaps for consumers across segments, adding another milestone towards our mission to improve the health, well-being and sense of security of the people we serve.”
ProHealth Cash offers immediate access to Cigna TTK’s online wellness program- ProActiv Living, including Health Risk Assessment, Targeted Risk Assessment and Lifestyle Management Programs to improve lifestyle.
About CignaTTK Health Insurance Company Limited
CignaTTK Health Insurance Company Limited is a joint venture between the U.S. based global health service leader, Cigna Corporation and Indian conglomerate TTK Group. Cigna Corporation (NYSE:CI) maintains sales capability in 31 countries and jurisdictions and has more than 80 million customer relationships throughout the world. TTK is widely recognized across India with a reputation built across eight decades for quality consumer products and services.
Cigna TTK is a stand-alone health insurance company having a pan India presence, headquartered in Mumbai. Cigna TTK will offer differentiated health insurance solutions including health and wellness programs that support customers in making lifestyle changes and managing chronic medical conditions. To learn more, visit www.cignattkinsurance.in