Galaxy Health Insurance Launches First Product Galaxy Promise, Aims to Tackle Rising Healthcare Costs in India
Mumbai: Galaxy Health Insurance, the newly licensed health insurance company backed by the TVS family and V. Jagannathan, founder of Star Health & Allied Insurance, has introduced its maiden product--the Galaxy Promise plan. This comprehensive health insurance cover offers coverage ranging from Rs 3 lakh to Rs 1 crore.
The key feature of Galaxy Promise is the 'Premium Promise', which keeps premium rates fixed until age 55 or till a claim is made, motivating continuous coverage amidst the rising healthcare costs in India, estimated to grow by 10-15% annually due to inflation, advanced treatments, and increasing demand for specialized care.
Available in four variants--Signature, Elite, Premier, and Enhanced Optional covers--, this innovative plan targets families seeking comprehensive yet affordable health cover. According to Galaxy Health Insurance Managing Director and CEO G. Srinivasan, "We want to empower individuals and families to manage their health confidently. Our new plans are designed to make healthcare accessible and reliable for families."
Key benefits of the policy include unlimited restoration of the sum insured, consumables, admission, record, and processing charges with no co-payment requirement, coverage for room rent, ICU, digital ICU facilities, two-year premium waiver for insured organ donors, women-centric treatment options like assisted reproduction treatments and newborn care.
To encourage healthy habits among its clientele, Galaxy Health Insurance has partnered with the Gala Fit – Pro Activity Care wellness programme that rewards policyholders up to 20% discount on their premium at renewal based on participation in a series of wellness activities.
Additionally, the company offers enhanced pre-hospitalization coverage for the Signature plan and extended post-hospitalization coverage within 90 and 180 days. "We're excited to revolutionize the health insurance sector with our unique approach," stated G. Srinivasan during an interview.
For those seeking additional information about the new Galaxy Health Insurance offerings, they may visit www.galaxyhealthinsurance.com or speak directly with a licensed representative at a location near them.