Shriram General Insurance, founded in 2006, is a joint venture between Shriram Group and Sanlam Limited. A leading Indian insurer, it offers comprehensive health plans with high sum insured and a 14,000+ hospital network. Primarily focused on serving common people, they provide various personal and commercial insurance solutions, supporting national growth.
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.