Galaxy Health Insurance has recently launched “Galaxy Promise”, a robust health insurance solution aimed at providing affordable and extensive coverage for Indian families. Available with sum insured options ranging from Rs 3 Lakhs to Rs 1 Crore, the product offers different plan levels, including the Signature, Elite, and Premier plans, along with additional Enhanced Optional Covers to cater to a variety of health needs.
Designed with a customer-centric approach, Galaxy Promise addresses India’s escalating healthcare costs, which are influenced by factors such as inflation, advances in treatment, and the growing demand for specialized care. The company, jointly promoted by the esteemed TVS family—represented by Shri. Venu Srinivasan, Chairman Emeritus of TVS Motor Company and Sundaram–Clayton Limited—and Shri. V. Jagannathan, the founder of Star Health & Allied Insurance Co. Ltd., received its IRDAI license earlier this year, marking its official entry into the insurance market.
Galaxy Promise distinguishes itself with nine standout benefits tailored to support policyholders’ health and wellness needs. One of its primary features, Unlimited Restoration of Sum Insured, allows policyholders to make multiple claims within the same policy year, ensuring that coverage is restored even for repeat claims, providing continuous support for recurring or new health issues.
The Premium Promise feature keeps premium rates stable up to age 55 or until a claim is made, offering customers predictability in managing healthcare costs. Additionally, the plan covers 68 consumable items, admission, record, and insurance processing charges, as well as comprehensive room and ICU coverage, including digital ICU options.
Policyholders also benefit from a premium waiver if they or an immediate family member donate an organ, underscoring Galaxy’s commitment to promoting social good. Further, the plans cater specifically to women’s health needs, offering coverage for treatments like Assisted Reproduction, in-utero fetal surgery, maternity, and newborn care, creating a holistic approach to family health.
Another unique feature is the Cumulative Bonus, which can accumulate up to 500% of the insured sum, rewarding policyholders for claim-free years. The Gala Fit wellness program, a proactive care initiative, encourages healthy living by providing up to a 20% discount on premium renewals, as well as rewards for wellness activities.
This wellness initiative is designed to engage policyholders of all ages, offering programs tailored for both adults and children. Galaxy Promise plans also address the common waiting period issue; they reduce the waiting time for specified diseases from 24 to 18 months and for pre-existing conditions from 36 to 25 months for a three-year term under the Signature plan, while offering a PED Buy Back option for further reduction.
Supporting advanced healthcare needs, Galaxy Promise includes coverage for high-cost treatments such as robotic surgeries, as well as extended pre- and post-hospitalization coverage of up to 90 and 180 days in the Signature plan.
G. Srinivasan, Managing Director and CEO of Galaxy Health Insurance said, “At Galaxy Health Insurance, our ethos is rooted in the belief that healthcare should be accessible, dependable, and proactive for every family. 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 these new plans, we aim to address the rising healthcare costs by offering a blend of stability, affordability, and comprehensive family support. Our goal is to empower individuals and families to manage their health with confidence, knowing they are supported through every life stage.”
These comprehensive, customer-focused benefits demonstrate Galaxy Health Insurance’s commitment to supporting families through every stage of life, helping to provide peace of mind and financial security amid rising healthcare demands.
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