Evidence of actuarial hiring: IRDAI-registered insurer (Appointed Actuary required) (source). Checked 10 Nov 2026.
About ManipalCigna
ManipalCigna Health Insurance is a standalone health insurer that began operations in 2014 as Cigna TTK Health Insurance, a joint venture between the US insurer Cigna and the TTK group. The Manipal Group bought TTK's stake in 2019 and the company was renamed; Manipal holds 51% and Cigna 49%. Reports in 2024 and 2025 said LIC was in talks to buy a stake, but no completed deal had been confirmed at the time of writing. It is not listed.
The company is headquartered in Mumbai, where the actuarial team sits. It sells retail and group health insurance, with a growing retail book through agents, banks and online.
For an actuary, ManipalCigna combines a hospital-group owner with a global health insurer, so pricing work can draw on provider cost insight and Cigna's international methods. The team is small, giving broad exposure.
Also known as: Cigna TTK Health Insurance
What the actuarial team does
- Retail and group health pricing
- IBNR reserving and the Appointed Actuary's statutory reports
- IRDAI product filings and renewal premium reviews
- Solvency monitoring and capital planning
- Claims and provider cost analysis
- Reporting to Cigna group
How students get in
ManipalCigna posts openings on its careers page (manipalcigna.com/careers) and on job portals. Actuarial roles in Mumbai appear occasionally; the exact papers required are not published, but core-paper passes are the usual baseline. A named trainee scheme, internship programme or exam-support policy is not published. Students should apply through the careers page and watch the Institute of Actuaries of India job board.
Roles this employer has advertised:
Questions students ask
Which papers does ManipalCigna ask for?
Not published; CS1, CS2 and CM1 are a sensible baseline.
Where is the actuarial team?
At the Mumbai head office.
Are internships offered?
Not published.
