Galaxy Health Insurance Strengthens its Portfolio with ‘Personal Accident Shield’

CHENNAI:
Galaxy Health Insurance, India’s youngest standalone health insurer, is redefining personal accident coverage with the launch of ‘Galaxy Personal Accident Shield’, a thoughtfully designed policy that goes beyond financial protection to offer support, stability, and peace of mind for families in distress.

With flexible family floater plans, the policy provides coverage of up to ₹75 Lakhs. In Individual plans, the maximum sum insured will vary depending upon the earning capacity of the insured person. A standout feature in the multi-individual and family floater category is the premium waiver benefit, if the insured person tragically passes away due to an accident, their family is granted a one-year premium waiver, ensuring they can focus on rebuilding their lives without immediate financial stress.

Mr. G. Srinivasan, MD & CEO of Galaxy Health Insurance said, “True innovation in insurance is not just about products, it is about understanding human needs and responding with empathy. Financial security in times of crisis is not a privilege; it is a necessity. Yet, many families remain unaware of how personal accident coverage can be a lifeline in moments of loss. With Galaxy Personal Accident Shield, we are ensuring that no family faces these challenges alone.”

The need for such protection is clear. As reported by the Ministry of Road Transport and Highways in their Road Accidents in India 2022 report, the country experienced a significant number of road accidents that year, leading to a considerable loss of lives and numerous injuries.

Galaxy Personal Accident Shield is more than just an insurance cover, it is a holistic safety net. Floater policy covers not just Accidental death, but also Permanent total disablement, Permanent partial disablement and offering other benefits that includes educational support to help families, Vehicle and / or Residence Modification including home lift and Cost of artificial limbs to regain stability.

Whereas Individual policy covers Accidental death, but also Permanent total disablement, Permanent partial disablement and Temporary Total Disablement, Special beds, Reconstructive surgery, Dental implants following an accident and many more. The policy also comes with attractive optional covers for Individual policy such as Enhanced Education Benefit that provides coverage maximum of Rs 10 Lakhs for the dependent children, Loss of EMI/Loan Protector/Loss of Income Covers up to 6 EMIs, with a maximum of ₹25,000 per EMI, for helping manage financial obligations during recovery and Comprehensive medical expenses extension due to accidental grievous injury ensures complete medical care for accidental injuries and much more.

Galaxy Health Insurance launched its first flagship product Galaxy Promise in September 2024 and in less than five months, the company insured 31000+ lives. The company is expanding on its product portfolio by adding critical covers and riders and deepening its presence across the four southern states – Tamil Nadu, Karnataka, Andhra Pradesh and Telangana.