Galaxy Health Insurance targets Rs 200 cr premium this financial year: CEO

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Galaxy Health Insurance targets Rs 200 cr premium this financial year: CEO - Business Standard

Quick Summary:

Galaxy Health Insurance Company Ltd has targeted Rs 200 crore premium income during the current financial year as it aims to deepen penetration into the domestic market, a top official said.

Galaxy Health Insurance is relatively a new entrant in the private sector insurance market backed by renowned industrialist Venu Srinivasan, the Chairman Emeritus of TVS Motor Company and Sundaram-Clayton and V Jagannathan who founded the Star Health and Allied Insurance Company Ltd.

In an interaction with PTI, Srinivasan who has been at the helm of various insurance organisations including United India, said his company has drawn up plans to 'penetrate deep into the market' and has targeted to take the overall number of office locations to 100 from the current 60.