Galaxy Health Insurance Launches 'Galaxy Promise', Affordable Solution for Families Seeking Health Coverage

Chennai: Standalone health insurer Galaxy Health Insurance Company Ltd has launched its first product, 'Galaxy Promise', targeting families seeking affordable health coverage. The company announced the launch on Thursday.

Jointly promoted by renowned industrialist Venu Srinivasan and Sundaram-Clayton Ltd Chairman Emeritus, and V Jagannathan, founder of Star Health and Allied Insurance Company Ltd, Galaxy Heatlh Insurance was approved by the Insurance Regulatory and Development Authority of India (IRDAI) earlier this year to commence its operations.

Galaxy Promise offers sum insured options ranging from Rs 3 lakh to Rs 1 crore. The product is available in multiple plans including Signature, Elite, and Premier, which offer flexibility to customers.

"Our ethos is rooted in the belief that healthcare should be accessible, dependable, and proactive for every family," said G Srinivasan, Managing Director and CEO of Galaxy Health Insurance. "We are committed to creating solutions that not only provide financial security in times of need but also encourage a culture of preventive health and wellness."

With 'Galaxy Promise', the company aims to address rising healthcare costs by offering a blend of stability, affordability, and comprehensive family support.

According to sources in the know, the company's goal is to make quality health insurance affordable and accessible to all families. With its launched product, Galaxy Health Insurance is now expanding its presence in the rapidly growing private health insurance sector.