ManipalCigna’s retail insurance business grows about 46% in Q1
ManipalCigna Health Insurance said retail growth outpaced its overall premium expansion in Q1, with more than 60% of retail new business coming from tier-2 and tier-3 markets. The insurer expects retail to take a larger share of its business mix over the next two to three years.
ManipalCigna reported over 30% Q1 premium growth, led by 46% retail growth and expanded tier-2/3 distribution. More than 60% of retail new business came from smaller cities. It is prioritising profitable SME group insurance while expecting retail to gain share.
Why this matters
No related recent signals were provided. The Q1 retail acceleration establishes a baseline for ManipalCigna’s push toward a larger retail-led business mix, supported by tier-2 and tier-3 demand.
Retail-company is accelerating, up +1,093,900% QoQ.
Also reported by
- The Hindu BusinessLine — 1h after first sighting