Shriram General Insurance, founded in 2006, is a joint venture between Shriram Group and Sanlam Limited. This leading Indian insurer offers comprehensive health plans with high sum insured and a 95,000+ healthcare provider network. Primarily focused on serving common people, they provide various personal and commercial insurance solutions.
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.