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.'
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