Apollo Munich health insurance company, now known as HDFC Ergo General Insurance offers exclusive plans for individuals, families, senior citizens, etc. These health insurance plans provide comprehensive coverage to secure the healthcare needs and financial stability of the policyholders. After merging with HDFC Ergo Health Insurance, Apollo Munich expanded its insurance product portfolio. The insurer offers insurance products ranging from motor, health, travel, home, and personal accident.
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.