Cigna TTK Health Insurance, one of the leading standalone health insurance players in the country, recently announced that it has appointed Mr. Prasun Sikdar as the new MD and CEO of the firm. His appointment was confirmed by the insurer after receiving approval from the IRDAI.
Mr. Sikdar will be replacing Mr. Sandeep Patel, who previously held the same position at Cigna TTK Health Insurance. Mr. Patel, who was the first managing director and chief executive officer of the health insurance company, will be joining Cigna as the JV and chief strategy officer. He will also be serving as a director on Cigna TTK’s board.
Mr. Sikdar will be in charge of launching innovative services and products for the benefit of Cigna TTK’s large consumer base. He will also be working alongside the leadership team to expand the firm’s distribution channels, enhance its brand, and create long-term value for both the customers of Cigna TTK and the organisation itself.
Mr. Sikdar has been employed in the financial services sector for over 22 years. Prior to his employment with Cigna TTK Health Insurance, Mr. Prasun Sikdar served as the global head and the group president of Yes Bank. In this role, he was responsible for growing mutual fund and bancassurance partnerships. Prior to this, he was employed at ICICI Prudential Life Insurance as a senior general manager. In total, Mr. Sikdar served in various positions in ICICI Prudential Life Insurance for a total of 17 years. Before joining ICICI Prudential Life, he worked with GE Capital and Citicorp.
Sources: ETHealthworld, Money Control, The Hindu Business Line