Galaxy Health Insurance
tops - up its product offering with ‘Galaxy Top - up’
The cover guarantees locked
premiums until age 55 or your first claim, whichever comes first
Chennai, 04 March
2025: Galaxy Health Insurance, India’s youngest
standalone health insurer has launched Galaxy Top-up, a cost-effective
product to enhance health insurance coverage. Designed to offer extra
protection at a lower cost, Galaxy Top-up ensures policyholders have access to
quality healthcare. It is India’s first top up plan that provides Premium
Promise, a feature that guarantees no premium hikes until policyholders
make a claim or turn 55 years of age, whichever comes first. This feature is
available as an optional cover.
Unlike traditional health
insurance plans, Galaxy Top-up offers a higher sum insured, ranging
from ₹5 Lakhs to ₹2 crores. The plan provides comprehensive coverage and
flexibility, including hospitalisation, surgeries, with minimum waiting
period of one year, and supports advanced treatments.
Nanotechnology: Covered
up to 25% of sum insured. This involves using nanomaterials and nanoparticles
to deliver drugs to the specific parts of the body, diagnose diseases, and help
in wound healing by regenerating tissues to help in wound healing. This technology
enables more precise and effective treatment while minimizing side effects.
Nanotechnology plays a pivotal role in the medical field, particularly in
diagnostics, treatment, wound healing and regeneration. This includes
antibiotic or drug delivery systems with site-specific treatment (targeted drug
delivery) in areas such as Cancer treatment, neurodegenerative disorders and
surgeries to reduce complications. This is available first time in the
industry.
Consumables:
Covering 71 consumables, including admission, record, and insurance processing
charges that reduces out-of-pocket expenses. This is available first time in
the industry.
ICU including Digital ICU: Modern
technological gadgets integrated with medical expertise. This is available
first time in the industry.
Durable Medical
Equipment/CAPD: Covered up to 10% of sum insured or Rs 1
Lakh, whichever is less. This is available as an optional cover. This is
available first time in the industry.
Room rent Enhancement: Insured
can opt for any room type. This is available as an optional cover.
Premium Promise: To aid
in managing healthcare expenses, these plans freeze premium rate up to age 55
years or until a claim is made. This will encourage the customers to continue
the insurance cover and is first top - up plan that has this feature in the
country
Coverage for Delivery
expenses: This includes C-section and normal delivery, along with antenatal
scans, supports maternal health.
Coverage for modern treatments,
including organ transplantation and bariatric surgery, ensures access to
cutting-edge medical care
According to the ‘Health Report for Corporate
India 2023’ , India’s medical inflation is soaring at 14%. This is
significantly impacting over 90 million individuals, with healthcare expenses
exceeding 10% of their total income. Top-up plans like Galaxy Top - up serve as
a financial shield against rising medical costs, offering affordable yet
extensive coverage.
"Health insurance is
no longer a luxury—it’s a necessity as health issues in individuals continue to
pose significant challenges. Many policyholders now prefer top-up plans over
additional basic covers because they are more budget-friendly and offer greater
benefits. Keeping this in mind, we have introduced ‘Galaxy Top-up,’ a smart and
cost-effective solution that ensures access to advanced medical care without
financial stress," said Mr. G. Srinivasan, MD
& CEO of Galaxy Health Insurance
Galaxy Health Insurance has
already covered 10000+ lives since launching its Galaxy Promise product and
remains committed to providing affordable and comprehensive health insurance
solutions. The company has strengthened its presence across Andhra Pradesh,
Telangana, Karnataka and Tamil Nadu with its headquarters in Chennai.
About Galaxy Health Insurance:
Galaxy Health Insurance is jointly promoted by the renowned industrial
house TVS family Shri. Venu Srinivasan, Chairman Emeritus of TVS Motor
Company and Sundaram – Clayton Limited along with the family of Shri. V.
Jagannathan, who was earlier CMD of United India Insurance Co. Ltd and the
founder of India’s first standalone health insurance company. Galaxy received
its license from the IRDAI in March 2024.
Website:
https://www.galaxyhealth.com/
