Galaxy Health Insurance Expands Portfolio with ‘Accident Shield’ for Comprehensive Accident Protection
Varahi media.com online news,Chennai, 18 March 2025: Galaxy Health Insurance, India’s youngest standalone health insurer, has introduced Galaxy Personal Accident Shield, a thoughtfully designed
Varahi media.com online news,Chennai, 18 March 2025: Galaxy Health Insurance, India’s youngest standalone health insurer, has introduced Galaxy Personal Accident Shield, a thoughtfully designed policy that extends beyond financial compensation to offer stability and support to families affected by accidents.
With coverage up to ₹75 Lakhs, this policy is available in both individual and family floater plans. For individual plans, the sum insured is based on the insured person’s earning capacity. In the family floater category, a unique premium waiver benefit ensures that if the primary insured passes away due to an accident, their family receives a one-year premium waiver, allowing them to manage financial challenges without immediate strain.
భారత్ కోసం వాణిజ్య వాహన రుణ సేవలను ప్రారంభించిన పూనావాలా ఫిన్కార్ప్
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ఇది కూడా చదవండి…శ్రీ వెంకటేశ్వర క్రియేషన్స్ ద్వారా తెలుగు రాష్ట్రాల్లో గ్రాండ్గా విడుదల కానున్న ‘L2E ఎంపురాన్’
Speaking on the launch, Mr. G. Srinivasan, MD & CEO of Galaxy Health Insurance, said, “Insurance innovation is about understanding human needs and offering security during life’s most difficult moments. Financial stability during a crisis should not be a privilege but a necessity. With Galaxy Personal Accident Shield, we aim to ensure that no family navigates these hardships alone.”
India’s rising accident statistics highlight the urgency of such protection. As per the Ministry of Road Transport and Highways report on Road Accidents in India 2022, the country witnessed a significant number of accidents, leading to substantial loss of lives and injuries.
Comprehensive Coverage and Benefits
- Floater Policy Benefits: Covers Accidental Death, Permanent Total Disablement, Permanent Partial Disablement, along with additional support for educational expenses, home and vehicle modifications, and artificial limbs.
- Individual Policy Benefits: Covers Accidental Death, Permanent Total Disablement, Permanent Partial Disablement, and Temporary Total Disablement, along with additional benefits like reconstructive surgery, dental implants, and special bed costs.
- Optional Covers for Individuals:
- Enhanced Education Benefit: Up to ₹10 Lakhs for dependent children.
- Loss of EMI/Loan Protector: Covers up to 6 EMIs, with a maximum of ₹25,000 per EMI.
- Comprehensive Medical Expense Extension: Covers treatment costs for grievous accidental injuries.
Galaxy Health Insurance, which launched its flagship product Galaxy Promise in September 2024, has already insured over 31,000 lives in under five months. The company continues to expand its product portfolio and presence across Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana, strengthening its commitment to providing essential insurance solutions.
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