Galaxy
Health Insurance partners with Round Table India to increase insurance
penetration
Chennai,August
18, 2025: Galaxy Health Insurance,
India’s youngest standalone health insurer backed by the TVS Group, has
announced a strategic partnership with Round Table India (RTI)
to deepen health insurance reach in the country. RTI, a leading non-profit
organisation with a presence across 135 cities, is known for its long-standing
commitment to sustainable community development and service-led initiatives.
This
collaboration marks a significant milestone in Galaxy’s expansion journey,
reinforcing its mission to bridge India’s healthcare gap. With penetration
still low and nearly 400 million citizens
either uninsured or underinsured, the partnership aims to address an urgent
national need.
The
alliance will focus on building insurance awareness and accessibility across
India. While government schemes cater largely to those below the poverty line
and private products serve wealthier segments, a vast middle section remains
without adequate protection.
For Galaxy
Health Insurance, this initiative represents an important step into untapped
rural and semi-urban markets, enabling it to extend beyond metropolitan
strongholds, broaden its customer base, and strengthen its distribution network
across multiple states.
Mr. G. Srinivasan, MD &
CEO, Galaxy Health Insurance, said “Our
collaboration with Round Table India reflects Galaxy’s commitment to making
quality healthcare accessible to every section of society. By combining our
expertise in innovative health solutions with RTI’s strong community presence,
we aim to address the protection gap in India and contribute meaningfully
towards the vision of ‘Insurance for All’ by 2047.”
Tr. Rachit
Bansal, National President of Round Table India,
added, “Round Table India’s mission has always been nation-building through
service. With Galaxy Health Insurance, we are adding a new dimension - health
security for our members and their families, while also enabling India to
access affordable policies.”
Jointly
promoted by Shri Venu Srinivasan of the TVS family and family of Shri V.
Jagannathan, Galaxy Health Insurance secured its IRDAI licence in March 2024.
In just nine months of starting its operations, it has expanded to eight
states, launched 10 products, and insured over 100000+ lives.
