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 is a new standalone health insurer, licensed by IRDAI in March 2024. It is backed by the TVS Group and V. Jagannathan, the founder of Star Health, which gives it experienced leadership despite being a new company. Since it focuses only on health insurance, Galaxy is building plans around medical coverage needs rather than offering multiple insurance types. It may suit buyers open to a new insurer, but it’s important to check its hospital network, claim support, and overall track record before making a decision.