07 February 2017 Current Affairs: Public sector lender Bank of Maharashtra has partnered with insurance company Cigna TTK Health to market the insurer’s products in the bank’s branches across the entire country. Under the agreement, the bank will offer the all of Cigna TTK’s superior health insurance products to its 2 crore customers through its network of over 1,896 branches, its 14,000 bank employees across the country as well as through its digital platforms.
Bank of Maharashtra’s tie-up with Cigna TTK 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.
Bank of Maharashtra enjoys great visibility in a large number of tier III and tier IV cities, helping expand Cigna TTK’s footprint across previously unchartered territories, helping to offer affordable health insurance solutions to an increasing number of people .