* Targets Deeper Health Insurance Penetration Across Odisha by FY26
* Opens regional office in Bhubaneswar; to onboard 1000 agents across the state by FY26
Bhubaneswar, 21. 11. 2025: (A.D.News) Galaxy Health Insurance India’s youngest standalone health insurer, backed by Mr. Venu Srinivasan from the TVS Group and the family of insurance veteran Shri V. Jagannathan, today announced the launch of its regional office in Bhubaneswar, Odisha. The expansion marks a key milestone in Galaxy’s vision to strengthen its presence in East India and bridge the significant health protection gap through affordable and inclusive health insurance solutions.
The gap between growing healthcare needs and insurance penetration highlights the urgent need to make coverage more inclusive and affordable for residents across the state. Galaxy Health Insurance aims to close these gaps by making quality health protection accessible to every household, especially informal-sector workers, lower-middle-income families, and rural migrants who lack adequate financial cover.
As part of its East India roadmap, Galaxy Health Insurance plans to onboard over 1000 agents in the state by FY26. The company’s focus will be on strengthening distribution and leveraging digital outreach to enhance insurance awareness and accessibility in underserved communities.
“Odisha represents a key growth market for us, reflecting the strong entrepreneurial energy and growing demand for reliable health insurance services. With our presence in Bhubaneswar, we aim to make health protection simple, affordable, and inclusive. At Galaxy Health Insurance, our goal is to ensure that even families outside formal financial systems can access the care and security they deserve. Our expansion in East India reinforces our commitment to building trust and enabling protection-led financial resilience,” said Mr. G. Srinivasan, MD & CEO, Galaxy Health Insurance.
Galaxy Health Insurance received its operating licence from IRDAI in March 2024. Within its first year, the company has built a network of over 14000+ agents and insured more than 2.5 lakh lives across India.
The company’s key offerings include: Galaxy Promise, a comprehensive health plan designed for families; Galaxy Marvel, a customizable plan that incentivises healthy living while providing comprehensive family coverage.
About Galaxy Health Insurance:
Galaxy Health Insurance Company Pvt Ltd. is a standalone, IRDAI-licensed health insurer headquartered in Chennai. Established in December 2023 and licensed in March 2024, it is promoted by notable industry leaders-Shri Venu Srinivasan (TVS Motor Company and Sundaram-Clayton Limited) and the family of Shri V. Jagannathan (former CMD of United India Insurance and founder of India’s first standalone health insurer). Galaxy Health Insurance aims to be a leader in providing comprehensive, affordable, and technology-driven health insurance and wellness solutions for all customer segments. The company seeks to prioritize trust, innovation, and customer experience, with a vision to contribute to the goal of “Health Insurance for All by 2047.”
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