Galaxy Health Insurance, formerly known as Galaxy Health & Allied Insurance Co Ltd, has named G. Srinivasan, a seasoned insurance industry veteran, as its Managing Director and Chief Executive Officer (MD & CEO). The Insurance Regulatory and Development Authority of India (IRDAI) has recently granted the company a licence to operate as a stand-alone health insurer.
Galaxy Health Insurance is promoted by the renowned TVS Group, led by Shri. Venu Srinivasan, in partnership with the family of Shri. V. Jagannathan, former CMD of United India Insurance Co. Ltd. and founder of Star Health & Allied Insurance Co. Ltd.
G. Srinivasan brings over four decades of experience in the insurance sector, having held prominent roles at United India Insurance Co. Ltd. and New India Assurance Co. Ltd., where he was instrumental in taking New India public. He has also served as a director on the board of GIC Re and as Chairman of the General Insurance Council. In addition, he was Director of the National Insurance Academy, Pune, contributing significantly to the insurance landscape in India.
Speaking on the appointment, Dr. Sai Satish, Chairman of Galaxy Health Insurance and a renowned cardiologist, said, “With Mr. Srinivasan at the helm, we are confident that Galaxy Health Insurance will set new benchmarks in the health insurance sector. Our mission is to provide exceptional services to our customers while fostering a familial atmosphere within the organization.”
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Sudarshan Venu, Managing Director of TVS Motor Company and TVS Holdings Ltd., expressed his enthusiasm for the venture, adding that Galaxy Health Insurance is poised to deliver top-tier services to the insuring public.
With operations set to commence soon, Galaxy Health Insurance aims to redefine the health insurance landscape by prioritizing customer-centric services and excellence in healthcare coverage.
