Page 38 - The Insurance Times April 2025

SBI Life’s Vision and Commitment Insurance, emphasised the growing demand for such plans,
Aims to empower parents with financial tools for their stating, “Health insurance is no longer a luxury, it is a ne-
children’s secure future. cessity as health issues in individuals continue to pose sig-
nificant challenges. Many policyholders now prefer top-up
Combines protection with financial growth, enabling plans over additional basic covers because they are more
children to achieve their aspirations.
budget-friendly and offer greater benefits. Galaxy Top-up is
Strengthens customer trust through innovative, need- a smart, cost-effective solution that ensures access to ad-
based financial products. vanced medical care without financial stress.”

Galaxy Health Insurance hopes to im- Star Health Insurance Launches 'SheTARA'
prove coverage with Galaxy Top-up to Champion Women's Health on Inter-
The plan is designed to provide policyholders with extra national Women's Day
protection against escalating medical costs, featuring a
Star Health and Allied Insurance Limited (Star Health Insur-
unique “Premium Promise” that locks premiums until the
ance) is marking International Women's Day with the launch
policyholder either turns 55 or files their first claim, which-
of 'SheTARA', a large-scale women's health initiative de-
ever happens first, according to a press release.
signed to provide free and accessible healthcare to women
This optional feature ensures affordability and encourages across Tamil Nadu through 40+ health camps, including a
long-term coverage, addressing the growing financial bur- flagship event in Chennai's Anna Nagar branch. The initia-
den of healthcare in a country where medical inflation is tive will provide essential medical screenings and raise
soaring at 14 percent, according to the Health Report for awareness about preventive healthcare. Additionally, Star
Corporate India 2023, released by insurtech firm Plum. Health Insurance is encouraging women to join as insurance

In its statement to the media, Galaxy said the new plan agents. The company highlights its success in Tamil Nadu
stands out with its extensive coverage options, offering sums with 16,000+ women agents who have generated over Rs.
insured ranging from Rs 5 lakh to Rs 2 crore. 420 crore in business volume and helped settle almost Rs.
250 crore in health claims during FY25 (Apr-Jan'25). The
It includes comprehensive benefits such as hospitalisation, Company also has a very successful exclusive Women's 'Pink
surgeries and advanced treatments like organ transplant
Branch' in Chennai, the first in Tamil Nadu which is entirely
and bariatric surgery, with a minimal waiting period of just operated by 12 women and services over 300 agents.
one year.
In a world where women often prioritize their families over
Another addition is its coverage for nanotechnology, capped
their own well-being, access to preventive healthcare re-
at 25 percent of the sum insured, which leverages mains a challenge. Speaking on the initiative Anand Roy, MD
nanomaterials and nanoparticles for targeted drug delivery, & CEO, Star Health Insurance said, "Women's health is not
diagnostics and tissue regeneration, according to the release. just a personal concern, it is a fundamental pillar of a thriv-
This feature, a first in the industry, promises more precise ing society. When women are healthier, families, communi-
treatments with fewer side effects, particularly for condi- ties, and economies prosper. Through 'SheTARA', we are
tions like cancer and neurodegenerative disorders, the re- reinforcing our commitment to ensuring that every woman-
lease added. -regardless of her background--has access to quality preven-
tive healthcare. Beyond check-ups, it is about creating a
Alongside this, the plan covers 71 consumables, such as admis-
movement that places women's well-being at the centre of
sion and insurance processing charges, reducing out-of-pocket our collective priorities."
expenses, and introduces support for modern facilities like Digi-
tal ICU, integrating technology with medical expertise. The 'SheTARA' Women's Health Camp will offer comprehen-
sive medical screenings, including BMI calculation, blood
Adding to its flexibility, Galaxy Top-up offers optional en- pressure monitoring, blood sugar tests, haemoglobin tests,
hancements like room rent upgrades, allowing policyhold-
thyroid function tests, bone mineral density screenings, and
ers to choose any room type, and coverage for durable
subsidized USG screenings if recommended by the doctor.
medical equipment or CAPD (Continuous Ambulatory Peri- The initiative will also feature a special webinar titled 'Navi-
toneal Dialysis), capped at 10 percent of the sum insured or gating Gynecological Health and Work-Life Balance in the
Rs 1 lakh, whichever is less, the statement said. Age of AI', led by a renowned gynaecologist, providing valu-
G. Srinivasan, managing director and CEO of Galaxy Health able insights into women's health.

The Insurance Times April 2025 35