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.
Narayana Health Insurance Ltd. is a stand-alone health insurer promoted by Narayana Health and is a wholly-owned subsidiary of Narayana Hrudayalaya Ltd. Chaired by renowned cardiac surgeon Dr. Devi Shetty, the company combines clinical expertise with insurance to improve healthcare access. It focuses on offering simple, affordable, and transparent health insurance solutions. Initially targeting the Karnataka market, the company aims to expand its presence across India while strengthening trust through its integrated healthcare and insurance model.