Zurich Kotak Health Insurance offers a range of plans for individuals and families, designed to cover different healthcare needs. In August 2024, the company was rebranded from Kotak Mahindra General Insurance after Zurich Insurance Group acquired a 70% stake, forming a joint venture with Kotak Mahindra Bank.
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.