Here we are sharing the Best Galaxy Health Insurance Products available today in the market these are the new health insurance products launched by Galaxy Health Insurance by the name of Galaxy Promise Health Insurance. In this post, we are going to share the Galaxy Health Insurance Products’ highlights and features.
Galaxy Health Insurance is emerging as a notable player in the health insurance sector, offering a range of comprehensive products designed to meet diverse healthcare needs. Here are the key highlights and features of their insurance offerings:
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Galaxy Health Insurance Products Highlights
The Galaxy health insurance plans and products are designed keeping in mind the competition in the market the key highlights of the products are:
- 100% Coverage: All medical expenses are covered, including 68 consumables, admission fees, record charges, and insurance processing charges.
- Premium Promise: The premium remains unchanged until the insured makes a claim or reaches 55 years of age, whichever comes first.
- Insta Care Cover: Coverage for chronic conditions such as asthma, high blood pressure, and cholesterol begins from the 31st day of policy inception.
- Unlimited Restoration of Sum Insured: Policyholders can restore their sum insured without limits, ensuring continuous coverage.
- Cumulative Bonus: A cumulative bonus of up to 500% is available for claim-free years, enhancing the policy’s value over time.
- Room Rent Enhancement: Insured individuals can choose any room type during hospitalization without restrictions.
- Delivery Expenses Covered: Both normal and cesarean delivery expenses are included in the coverage.
- No Co-Payment: Policyholders enjoy cashless treatment without any co-payment requirements at network hospitals.
- PED Buy-Back: The waiting period for pre-existing diseases can be reduced to 24 months or even 12 months under certain plans.
Features of the Galaxy Promise Health insurance products (Policy Plan)
The features of the newly launched Galaxy Promise Health Insurance product plan are as mentioned below.
- Entry Age:
- Adults: 18 to 65 years
- Dependent Children: 16 days to 25 years
- Policy Term Options: Available for 1, 2, or 3 years, providing flexibility based on individual needs.
- Reduction of Waiting Period:
- Specified diseases can have waiting periods reduced from 24 months to 18 months.
- Pre-existing diseases can be reduced from 36 months to 25 months (applicable for the Signature plan with a three-year term).
- Premium Waiver for Voluntary Organ Donors: Offers a two-year premium waiver for organ donors.
- Gala Fit – Pro-Active Care (Wellness Program): Provides premium discounts of up to 20% upon renewal, designed for both adults and children.
- Installment Payment Options: Flexibility to pay premiums in installments to ease financial planning.
Galaxy Health Insurance Products Sum Insured Options (in Lakhs)
The product is classified into 3 types as per the sum insured options.
| Plan Type | Sum Insured Options in Lakhs |
|---|---|
| Signature | 5 / 7.5 / 10 / 15 / 20 / 25 / 50 / 100 |
| Elite | 5 / 7.5 / 10 / 15 / 20 / 25 / 50 |
| Premier | 3 / 4 / 5 / 7.5 / 10 / 15 / 20 / 25 |
Family Coverage
Galaxy Health Insurance products cover families of up to two adults and three children. Parents can also be covered as a separate unit, enhancing the policy’s appeal for family health planning. With these robust features and benefits, Galaxy Health Insurance products aim to provide comprehensive coverage that adapts to the evolving healthcare landscape while ensuring financial security for its policyholders.
You can download the Galaxy health insurance products list pdf from here.
FAQ
How does the Galaxy Health Insurance products’ premium promise benefit work until the age of 55?
The Premium Promise feature of Galaxy Health Insurance provides significant benefits for policyholders until the age of 55. Here’s how it works:
Fixed Premium Until Claim or Age 55: The premium amount remains unchanged as long as the insured does not make a claim or until they reach 55 years of age. This means that individuals can enjoy stable financial planning without worrying about increasing premium costs due to age or health changes.
Financial Predictability: By locking in the premium rate, policyholders can better manage their budgets and financial commitments. This is particularly beneficial for younger individuals who may be starting families or planning for future expenses.
Encouragement for Early Enrollment: The Premium Promise incentivizes individuals to enroll in health insurance at a younger age, allowing them to secure lower premiums before potential health issues arise that could increase costs.
Protection Against Inflation: Given that healthcare costs typically rise over time, having a fixed premium helps protect against inflation-related increases in insurance costs, ensuring that coverage remains affordable.
Overall, this feature enhances the attractiveness of Galaxy Health Insurance products by providing peace of mind and financial security until the insured reaches 55 years of age.
What are the unique features of the Galaxy Health Insurance products?
Galaxy Health Insurance products offer several unique features, including comprehensive coverage for a wide range of medical expenses, including pre and post-hospitalization costs, and customizable plans that allow policyholders to tailor their coverage according to individual needs. Additionally, they provide wellness benefits and incentives for maintaining a healthy lifestyle, enhancing the overall value of their health insurance offerings.
What are the unique features of the Galaxy Health Insurance products?
Galaxy Health Insurance plans typically include various waiting periods that policyholders must be aware of. Here’s a breakdown of the common waiting periods associated with their health insurance products: Types of Waiting Periods
Initial Waiting Period: Generally, there is a 30-day initial waiting period from the date the policy is activated. During this time, no claims can be made for any illness or injury.
Pre-Existing Diseases (PED): For pre-existing conditions, the waiting period can range from 2 to 4 years depending on the specific policy. This means that treatments related to these conditions will only be covered after this period has elapsed.
Specific Ailments: Certain specific treatments or surgeries, such as cataract surgery or hernia surgery, may have a waiting period of 1 to 2 years before coverage kicks in.
Maternity Benefits: If maternity coverage is included in the plan, there is typically a waiting period of 9 months to 2 years before claims can be made for maternity-related expenses.
Accidental Hospitalization: There is usually no waiting period for accidental hospitalization; coverage begins immediately upon policy activation.
Health Check-Ups: