Galaxy Health forays into global travel insurance

CHENNAI: Galaxy Health Insurance announced its expansion into the international travel insurance segment with the launch of ‘Galaxy Fly Global Travel Insurance’, broadening its protection portfolio beyond its core health insurance business.

Designed for Indians travelling overseas for leisure, business, education and employment. Galaxy Fly Global Travel Insurance leverages the company’s healthcare expertise to offer comprehensive protection against medical emergencies and travel-related disruptions beyond India’s borders.

The launch comes at a time when India’s outbound travel is witnessing strong momentum, with travel insurance adoption rising steadily as more travellers recognise the importance of financial protection against overseas healthcare expenses, trip disruptions and evolving global travel risks.
As more Indians travel overseas, the nature of travel risks has also evolved.

Rising healthcare costs across major destinations, flight disruptions, extreme weather events and geopolitical uncertainties have reinforced the need for comprehensive travel protection. Yet, travel insurance continues to remain significantly underpenetrated, with many travellers purchasing cover primarily to meet visa requirements rather than as an essential safeguard against unexpected medical and travel-related emergencies.

G Srinivasan, managing director-CEO, Galaxy Health Insurance, said, “Travel insurance is becoming as essential as a passport. The risks associated with travelling overseas have also evolved significantly over the years.”