Oriental Health Insurance, an Indian-owned and operated brand, began operations in 1947. Initially a subsidiary of LIC until 1973, its ownership transferred to the central government in 2003, making it a public sector insurer. Today, it boasts over 6,000 employees and a network of 4,000+ hospitals nationwide.
Galaxy Health Insurance Company Limited, licensed by IRDAI in March 2024, is a new standalone health insurer in India. It& 039;s a joint venture backed by the TVS family and Shri V. Jagannathan, founder of Star Health. Focusing exclusively on health insurance, Galaxy offers comprehensive plans like "Galaxy Promise" with diverse sum insured options and aims to simplify healthcare access with over 3,216 cashless network hospitals. They emphasize innovation, planning to launch a new product monthly, and offer unique features like fixed premiums until age 55 or a claim, alongside wellness programs.