Magma Comprehensive Car Insurance Policy

Magma Car Insurance

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  • Round the clock 24*7 customer support from the toll-free helpline
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  • Cashless claim services in over 4,000 authorised workshops
  • Online renewal process and easy claim initiation
  • Online service to locate nearest a cashless garage

Magma Comprehensive Car Insurance Policy

It may not be enough for a car owner for merely getting compensation for the third party liabilities because an accident, in most of the cases, imparts sufficient damage to the vehicle as well. Availing a Magma HDI comprehensive car insurance policy is the one thing that a policyholder needs. It offers extensive coverage that starts with covering all third party liabilities including third party property damages and offers protection to the insured vehicle as well. Furthermore, with the compulsory personal accident, the comprehensive plan becomes a complete package offering all-round protection.

Besides the standard benefits, the Magma HDI can also be enhanced for better protection, thanks to the range of add-on covers offered by the company.

Magma Comprehensive Car Insurance Vs Third Party Policy

Basis

Comprehensive Car Insurance

Third Party Policy

Coverage

Magma HDI comprehensive car insurance policy provides coverage for damages incurred to the insured vehicle, injury/death of a third party as well as a cover of Rs 7.5 lakh for third party property damages.

The third party liability only policy offers compensation only for injury/death of a third party and reimbursement of up to Rs 7.5 lakh for third party property damages.

Add-on Covers

All the add-on covers provided by Magma HDI is available for purchase with the comprehensive policy.

No add-on covers are available with the third party liability cover.

Cost

It is generally expensive owing to the extensive coverage.

It is relatively cheap as the cover is also limited only for third party liabilities.

Coverage Of Magma HDI Comprehensive Car Insurance Policy

  • Injury/death of a third party travelling on a road or in a vehicle.
  • Up to Rs 7.5 lakh compensation for third party property damages.
  • Damages to the insured vehicle caused due to an accident occurred on the road.
  • Damages incurred to the insured vehicle by any natural or manmade calamity.

Magma HDI Comprehensive Car Insurance Benefits

  • Policy cover for all the third party liabilities arising out of an accident.
  • Compensation for the damages incurred to the insured vehicle due to an accident or by a natural or manmade calamity.
  • No Claim Bonus (NCB) discount for every claim-free years, which can range up to 50% on premiums for a maximum of 5 claim-free years.
  • Compulsory personal accident cover of Rs 15 lakh.
  • Optional coverage of additional legal liabilities of hired driver/conductor, employees and non-fare paying passengers.
  • Discount on installing ARAI approved anti-theft devices.
  • Availability of a range of add-on covers against an extra premium.

Magma Car Insurance User Reviews

91 reviews Write a Review
  • Flexible payment modes

    InsuranceDekho offers flexible modes of payment. I purchased a Magma HDI car insurance policy from them for my Toyota Yaris car and made the payment o...

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    A
    Amit Yadav
    On: July 10, 2020 | Views
  • Thank you team for suggestion

    InsuranceDekho helped me buy a Magma HDI car insurance policy for my Hyundai Santro car in a few minutes. I like the policy benefits and would like to...

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    J
    Jayant Rajput
    On: July 9, 2020 | Views
  • Thanks for the help team!

    I really want to thank the team at InsuranceDekho who helped me buy Magma HDI car insurance policy or my Skoda Rapid car in a few simple steps online....

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    N
    Naman Rishi
    On: July 3, 2020 | Views
  • Great customer support

    Magma HDI’s car insurance policy is great. I purchased it for my Hyundai Santro car last week from InsuranceDekho and the policy covers my car against...

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    R
    Reyansh Arora
    On: July 2, 2020 | Views
  • Renewal in just a few minutes

    I purchased Magma HDI car insurance policy from InsuranceDekho for my Chevrolet Beat car and recently renewed it from them only. The process was reall...

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    A
    Abhinav Kapoor
    On: June 26, 2020 | Views

Magma HDI Car Insurance FAQs

  • How is IDV of my vehicle calculated?

    The IDV of your vehicle is calculated on the basis of the vehicle’s listed price by the manufacturer including the prices of all fitted accessories minus the cost of depreciation of every year. The IDV also determines the sum insured.

  • I have a hired driver for my car. What if the accident occurred while the vehicle was being driven by him?

    Generally, you will be compensated for the damages caused to the insured vehicle irrespective of who was the driver at the time of happening of the accident. However, the standard comprehensive policy doesn’t cover the legal liabilities of a paid driver. You need to purchase an additional cover to insure the legal liabilities of a hired driver.

  • How much is the IDV of my 4 years old vehicle?

    The IDV of your 4 years old vehicle is around 50% of its listed showroom price. However, there are certain segments/parts of the car that does not suffer depreciation throughout their age and hence, the company offers full listed price of those parts being replaced after an accident.

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