Galaxy Health receives IRDAI approval as 7th standalone insurer- Republic World

Health insurance | Image:Pixabay Listen to this article 2 min read Galaxy Health Registered: The Insurance Regulatory and Development Authority of India (IRDAI) decided to grant the certificate of registration to Galaxy Health and Allied Insurance, allowing it to commence operations as the seventh standalone health insurer in India. IRDAI recently issued a press statement announcing the approval of several crucial regulations during its board meeting, aimed at enhancing the insurance industry’s efficiency and policyholder protection. Regulatory overhaul initiated The approved regulations cover various aspects such as product guidelines, surrender charges, policyholder protection, and the establishment of Bima Sugam, an…