ACKO General Insurance, established in 2016, is a leading online-first insurer in India. Serving over 50 million customers, it offers a wide range of products including health, car, and bike insurance. Partnering with digital giants like Ola and Amazon, ACKO also provides innovative trip, electronics, and hotel-stay insurance. They recently won the Golden Peacock Innovative Product award for Ola Trip Insurance.
Galaxy Health Insurance Company Limited, licensed by IRDAI in March 2024, is a new standalone health insurer in India. It& 039;s a joint venture backed by the TVS family and Shri V. Jagannathan, founder of Star Health. Focusing exclusively on health insurance, Galaxy offers comprehensive plans like "Galaxy Promise" with diverse sum insured options and aims to simplify healthcare access with over 3,216 cashless network hospitals. They emphasize innovation, planning to launch a new product monthly, and offer unique features like fixed premiums until age 55 or a claim, alongside wellness programs.