ManipalCigna Health Insurance, a leading standalone health insurance company in India, has appointed Joydeep Saha as its new Managing Director and Chief Executive Officer. The appointment was made after receiving regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI). Joydeep brings over two decades of experience in the insurance industry, with expertise in actuarial science, product development, and business strategy.
Joydeep has been associated with ManipalCigna for over seven years, previously serving as Appointed Actuary and Chief Officer. He holds a Master’s degree in Applied Statistics and Informatics from the Indian Institute of Technology, Bombay. Jérôme Droesch, CEO of Cigna Healthcare International Health, expressed confidence in Joydeep’s ability to lead the company into its next phase of strategic growth, citing his deep understanding of the organization and the health insurance industry.
S Vaitheeswaran, Vice Chairman of Manipal Education & Medical Group, also praised Joydeep’s experience and commitment, stating that his extensive tenure and institutional knowledge make him perfectly positioned to lead the business into the future. Joydeep will work closely with the leadership team to expand the company’s distribution channels, strengthen the brand, and create long-term value for the organization and its customers.
Joydeep expressed his enthusiasm for the appointment, stating that the health insurance industry is undergoing rapid transformation, and ManipalCigna is well-positioned to lead this change. He looks forward to expanding the company’s reach, leveraging technology to enhance customer experience, and further strengthening its market leadership. ManipalCigna has created a niche in the health and wellness sector by offering innovative products and services to its customers.
The appointment of Joydeep Saha as MD and CEO underscores ManipalCigna’s commitment to building a leadership team with a deep understanding of the industry and a passion for delivering customer value. With Joydeep at the helm, the company is expected to continue its growth trajectory and strengthen its market position in the dynamic and evolving health insurance industry. Overall, Joydeep’s appointment is a positive development for ManipalCigna, and the company is poised to achieve great things under his leadership.