Key Points
The Insurance Regulatory & Development Authority of India (IRDAI) in a recent meeting okayed the issuance of a Certificate of Registration to Galaxy Health and Allied Insurance Company Limited, authorizing it to conduct health insurance operations within India..
This marks the sixth registration approval within approximately a year across various segments including life, non-life, and health insurance..
Notably, earlier this year, IRDAI granted Narayana Health in-principle approval to establish a health insurance enterprise in the country...
Galaxy Health and Allied Insurance Company Limited is spearheaded by V Jagannathan, the founder of Star Health and Allied Insurance Company, has emerged as the latest addition to the Indian health insurance market..
In tandem with the registration of Galaxy Health and Allied Insurance Company Limited, IRDAI has unveiled a series of new regulations aimed at fortifying the regulatory framework governing the insurance industry..
