India's Largest Private Insurer Partners with UnitedHealth Group to Give Travelers Visiting the U.S. Access to a Broad Array of Health Care Services
MINNEAPOLIS--(BUSINESS WIRE)--UnitedHealth Group (NYSE: UNH) and ICICI Lombard, India's largest private general insurance company and second-largest health insurer, are partnering to provide ICICI Lombard's policyholders traveling to the United States with access to UnitedHealthcare's programs and services.
Through this initiative, any of ICICI Lombard's 1.6 million policyholders traveling to the United States who are covered by the insurer's Overseas Travel Insurance or Student Overseas Medical Insurance will have access to UnitedHealthcare's Options preferred provider network as well as medical management and organized resources that align to their health needs, all of which help millions of people take charge of their health.
The partnership with ICICI Lombard illustrates the increasingly global nature of today's health care marketplace in which health companies are offering broader access to more innovative health care solutions for a more mobile population. UnitedHealth Group's growing global business is helping lead this trend by offering expatriate coverage for both U.S. and international foreign companies.
A recent independent study by SK&A Information Services, Inc., a leading provider of health care information solutions and research, found that U.S. physician offices accept UnitedHealthcare insurance more than any other plan.
Sudhir Menon, Head, Travel Insurance, ICICI Lombard, said: "This partnership is an innovative benefit for Indians who are increasingly traveling abroad for both occupational and educational purposes. We are committed to continuously enhancing our service and value proposition, and we look forward to leveraging the assets of UnitedHealth Group to deliver the best in service and resources to our customers throughout their travels to the United States."
Ori Karev, CEO of UnitedHealth International, said: "Our new partnership with ICICI Lombard is an important step in making access to cross-border health care more seamless for consumers, a model we are exploring in multiple markets. ICICI Lombard is an outstanding partner committed to enhancing the quality and access to health care for its members. We believe Indians traveling overseas will have peace of mind knowing that, when they visit the U.S., their health care needs will be met."
About ICICI Lombard General Insurance
ICICI Lombard is a 74:26 joint venture between ICICI Bank Limited, India's second largest bank with $79 billion in assets and Fairfax Financial Holdings Limited, a Canada-based $26 billion diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management.
About UnitedHealth Group
UnitedHealth Group (www.unitedhealthgroup.com) is a diversified health and well-being company dedicated to making health care work better. Headquartered in Minneapolis, Minn., UnitedHealth Group offers a broad spectrum of products and services through seven operating businesses: UnitedHealthcare, Ovations, AmeriChoice, Uniprise, OptumHealth, Ingenix, and Prescription Solutions. Through its family of businesses, UnitedHealth Group serves approximately 70 million individuals nationwide.
About UnitedHealth International
UnitedHealth International is the global arm of UnitedHealth Group (NYSE: UNH), one of the largest and most diverse health care companies in the United States. UnitedHealth International brings this wealth of experience, skills, tools and products to the rapidly changing global health care marketplace. Source
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