Newspatrolling.com News cum Content Syndication Portal Online
- Joins hands with Policybazaar to leverage its extensive pan-India network
- Insured over 6953+ lives in Karnataka , and built a strong network of 1621+ agents in the state
Bengaluru, June 23, 2025 – Galaxy Health Insurance, India’s youngest health insurer backed by the families of TVS Group and insurance veteran V. Jagannathan, has launched its flagship offering – Galaxy Marvel, designed to meet the evolving needs of today’s health-conscious society.
This innovative product encourages wellness by offering health-linked incentives and digital wallet credits to policyholders who maintain good health, while providing robust and comprehensive coverage that aligns with the expectations of today’s discerning Indian consumer. Galaxy Marvel follows the success of the insurer’s first flagship product, Galaxy Promise, launched in October 2024.
Over the past year, the company has expanded its physical presence across South India, insured over 6953+ lives in Karnataka, and built a strong network of 1621+ agents in the state.
The company has partnered with Policybazaar, India’s largest insurance distributor, to make Galaxy Marvel available to its present and potential customer base, pan-India.
Commenting on the launch, G. Srinivasan, MD & CEO, Galaxy Health Insurance, said, “At the heart of any health insurance offering is the aim to ensure people are insured, financially protected, and encouraged to stay healthy. We started Galaxy Health Insurance with a commitment to designing customer-centric, affordable, and accessible products and building a long-term relationship with them. Understanding the pulse of India, we have introduced Galaxy Marvel – a plan that incentivises wellness by rewarding policyholders for maintaining good health. Policybazaar has been a trusted and forward-thinking partner, consistently driving innovation and customer value in the digital insurance landscape. We are pleased to partner with Policybazaar in making this innovative product accessible to customers across India, thereby supporting deeper health insurance penetration.”
Sarbvir Singh, Joint Group CEO – PB Fintech , added, “Preventive healthcare has to be the next big leap in insurance. Products like Galaxy Marvel are important because they shift the focus from illness to wellness. By linking incentives like wallet credits and premium discounts to healthy behaviour, they not only empower consumers to take charge of their health but also help ease long-term pressure on the healthcare system. It’s a smart, timely approach, and exactly the kind of innovation the industry needs more of.”
Product Highlights:
- No cap on room rent – all room categories covered
- Premium Promise fixed premium until first claim or age 55, whichever comes first.
- Wealth for Health: If no claims are made for five consecutive policy years, the base premium for the first year will be credited to the insured’s wallet
- 71 Consumables including Admission, Record and Insurance Processing charges are covered
- 100% sum insured restoration unlimited number of times for the same or different illnesses
- Premium waiver in case of critical illness or for organ donors
- Outpatient Benefit: Available in four plans viz Silver, Gold, Platinum and Diamond. Unlimited Teleconsultation, In-clinic doctor consultation, Prescribed Pathology and Radiology, Prescribed Pharmacy
- 15% discount for eligible NRI/OCI policyholders
- Zero co-payment across all age groups
- Integrated wellness platform Gala Fit-Pro, offering discounts on renewal premiums based on fitness engagement
- Newborn baby cover of up to ₹5 Lakhs
- Delivery expenses cover of up to ₹2 Lakhs
- Coverage for modern and AYUSH treatments, including robotic surgeries
- Annual health check-up benefits worth ₹12,000 (individual) / ₹20,000 (floater)
Headquartered in Chennai, Galaxy Health Insurance received its license from the IRDAI in March 2024. It currently operates through a vast network of over 8800+ agents across the four southern states – Tamil Nadu, Karnataka, Telangana, and Andhra Pradesh. Over the past year, the company has established a physical presence across these states and insured more than 84500+ lives.
