Universal Sompo General Insurance, a public-private partnership, is a joint venture of Allahabad Bank, Karnataka Bank, Indian Overseas Bank, Dabur Investment Corporation, and Sompo Japan. They offer comprehensive health insurance, including individual, family, critical illness, and COVID-19 plans, providing crucial financial aid during medical emergencies. With 86 branches and 4,000+ network hospitals, plans are easily purchasable online.
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.