Latest news with #GSrinivasan
United News of India
11 hours ago
- Business
- United News of India
Galaxy Health Insurance partners with Policybazaar to leverage its extensive pan-India network
Hyderabad, June 24 (UNI) Galaxy Health Insurance, India's youngest health insurer backed by the families of TVS Group and insurance veteran V Jagannathan, on Tuesday announced it has launched its flagship offering – Galaxy Marvel, designed to meet the evolving needs of today's health-conscious society. The Chennai-based company has now partnered with Policybazaar (PB), India's largest insurance distributor, to make Galaxy Marvel available to its present and potential customer base, pan-India. Galaxy Marvel follows the success of the insurer's first flagship product, Galaxy Promise, launched in October 2024, the insurance company said in a release here. Over the past year, the company has expanded its physical footprint across South India, insuring over 2,980 lives in Telangana and 1,750 lives in Andhra Pradesh, supported by a robust network of more than 980 agents in Telangana and 913 in Andhra Pradesh. Commenting on the launch, Galaxy Health Insurance Managing Director and CEO, G Srinivasan, said, '... Understanding the pulse of India, we have introduced Galaxy Marvel – a plan that incentivises wellness by rewarding policyholders for maintaining good health. We are pleased to partner with Policybazaar in making this innovative product accessible to customers across India, thereby supporting deeper health insurance penetration.' PB Fintech Joint Group CEO Sarbvir Singh said, 'Products like Galaxy Marvel are important because they shift the focus from illness to wellness. By linking incentives like wallet credits and premium discounts to healthy behaviour, they not only empower consumers to take charge of their health but also help ease long-term pressure on the healthcare system. It's a smart, timely approach, and exactly the kind of innovation the industry needs more of.' UNI KNR SS
Hans India
13-05-2025
- Business
- Hans India
Galaxy Health eyes Rs 200-cr premium income
Hyderabad: Galaxy Health Insurance, health insurer, insurance penetration, rural healthcare, premium income, hospital network expansion Galaxy Health Insurance, India's newest standalone health insurer, has unveiled bold plans to expand its footprint across the country, while focusing on innovation, affordability, and trust in healthcare services. Addressing the media in Hyderabad, G Srinivasan, Managing Director and CEO of Galaxy Health Insurance, shared the company's progress and roadmap for rapid growth. 'We are a young company—just five months into operations—but we are growing fast, our focus is on increasing insurance penetration, especially in underserved and rural areas,' G Srinivasan, Managing Director and CEO of Galaxy Health Insurance. Within just four months of operations last year, Galaxy Health Insurance generated Rs17 crore in premium income. For the current financial year, it is targeting an ambitious Rs200 crore. The company has set up 61 offices and built a 6,000-strong agent network, which it aims to scale up to 50,000 by year-end. The company has partnered with 3,400 hospitals and aims to double this network to 7,000 by the end of the year. In Hyderabad alone, Galaxy has tied up with all major healthcare providers. Founded in March 2024 and operational since October, Galaxy has already established a strong presence in four southern states—Tamil Nadu, Karnataka, Telangana, and Andhra Pradesh.
