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 products. ACKO recently won the Golden Peacock Innovative Product award for its 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, providing experienced leadership despite being a new company. Focusing solely on health insurance, Galaxy designs 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.