Cigna Announces US $25,000 Donation to Water for People Organization in India
MUMBAI, India, January 17, 2012 - Global health service company Cigna (NYSE: CI) today announced that the Cigna Foundation will donate US$25,000 (approximately Rs. 13 lakhs) to Water for People for clean water projects in West Bengal, India, bringing the total donated since 2008 to US$190,000 (nearly Rs. 99 lakhs). Water for People, a non-profit global organization, supports the development of locally sustainable drinking water resources, sanitation facilities, and hygiene education programs.
"Cigna is proud to offer this contribution to Water for People to help with their important work in building a sustainable infrastructure for communities in India," said Cigna Chief Executive Officer David Cordani. "The health benefits of clean water in India are significant given that 38 million Indians are affected by waterborne diseases annually. As Cigna develops a permanent presence in India, we are committed to investing in local philanthropic initiatives that help people live healthier lives."
The move comes as Cigna and TTK Group, the Indian conglomerate, today announced that their joint venture to sell health insurance in India will be named Cigna TTK and will be headquartered in Mumbai. Cordani and TT Jagannathan, Chairman of TTK Group, said that Sandeep Patel, Managing Director Cigna Health Solutions India, Pvt. Ltd., will serve as Chief Executive Officer of the joint venture.
In addition to the donation, Cigna will also develop a comprehensive social responsibility program that leverages TTK's existing partnerships with charities and non-governmental organizations that serve underprivileged children through schools, as well as health and wellness initiatives and other programs targeting rural and underprivileged populations.
The Cigna Foundation is a private foundation funded by contributions from Cigna Corporation and its subsidiaries. The Cigna Foundation supports organizations sharing its commitment to enhancing the health of individuals and families, and the well-being of their communities, with a special focus on those communities where Cigna employees live and work.
Cigna Corporation (NYSE: CI) is a global health service company dedicated to helping people improve their health, well-being and sense of security. All products and services are provided exclusively through operating subsidiaries of Cigna Corporation, including Connecticut General Life Insurance Company, Cigna Health and Life Insurance Company, Life Insurance Company of North America and Cigna Life Insurance Company of New York. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy and vision care benefits, and other related products including group life, accident and disability insurance. Cigna maintains sales capability in 30 countries and jurisdictions, and has approximately 70 million customer relationships throughout the world. To learn more about Cigna®, including links to follow us on Facebook or Twitter, visit www.cigna.com.
TTK is widely recognized across India with a reputation built across eight decades for quality consumer products and services. The three letters in 'TTK' represents the corporate philosophy of the Group - Trust, Transparency and Knowledge. TTK's various operations include manufacturing and marketing of kitchenware, fast moving consumer goods, pharmaceuticals, contraceptive devices, bio-medical devices, food products, maps and atlases, and other services. The company's multiple businesses sell brands that are household names including Prestige, Woodwards, Eva, Kohinoor, Durex, Scholl, Fryums etc. TTK has its roots in India but reaches every continent in the globe with its wide range of products. The flagship company of the group, TTK Prestige, has won several awards including the India's "Best SME Company for the year 2010" presented by the Prime Minister of India. TTK Prestige has earned a spot in FORBES ASIA's list of "Best under a Billion" companies. To learn more about TTK Companies, visit www.ttkhealthcare.com or www.ttkprestige.com.
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