Cigna TTK Health Insurance, a joint venture of the US-based Cigna Corporation and TTK Group, is reportedly planning to expand its bancassurance partnership with Andhra Bank.
Phase II of the bancassurance tie-up with Andhra Bank has just commenced in 2017 and will cover 2,000 branches across the country, including Telangana and Andhra Pradesh. On distribution side, Cigna TTK will add 10,000 new agents to its existing strength of 15,000 agents.
As part of the partnership entered into with Andhra Bank in September 2016, TTK Health Insurance had covered over 800 branches in the first phase.
