Advantages of Buying Health Insurance from Magma HDI
Updated On Apr 25, 2021
Magma HDI General Insurance Company offers a wide variety of commercial and retail insurance products. It is a joint venture between Magma Fincorp Limited (amongst India’s largest NBFC) and HDI Global SE Germany (Talanx Group). They provide around 50 insurance products in various categories including marine insurance, motor insurance, marine insurance, health insurance, fire insurance and much more. The insurance company has its pan India presence with 135+ offices in various cities.
When it comes to the health insurance category, there are a variety of health insurance plans offered by Magma HDI such as family health insurance, individual health insurance, group health cover, etc. Alongside health insurance policies, the company also provides benefits such as free health check ups, wellness programmes, out-patient cover, etc.
Top Health Insurance Plans by Magma HDI
A variety of health insurance policies are offered by Magma HDI Health Insurance company. Highlighted below are the top health insurance plans offered by Magma HDI to its customers:
- Aarogya Sanjeevani Plan: Magma HDI Aarogya Sanjeevani Plan is offered to customers on both individual as well as family floater basis. The plan offers the policyholder to select sum insured from Rs 1 lakh to Rs 5 lakh in Rs 50K multiples. Under the policy, the minimum and maximum age is from 18-65 years, yet the cover can be extended to any limit with the option of lifetime renewability.
- One Health Insurance Plan: A comprehensive insurance plan that offers cover for NCB, hospital bills etc. The plan can be availed either on individual basis or family floater basis and is offered with sum insured options starting from Rs 2 lakhs- Rs 1 Crore. The benefits offered by this plan include OPD cover, AYUSH cover, pre-hospitalisation expenses, loss of income, etc.
Why Select Health Insurance Plan by Magma HDI?
Health insurance plans by Magma HDI provide various types of offerings to the people. Some of them are:
1.Cashless Hospitals: Magma HDI insurance company has tie up with 4300 plus hospitals in their network, wherein the insured can easily avail cashless treatment. With the wide range of cashless networks, a hassle free and cashless claim settlement process can be enjoyed by the policyholder.
2.All Time Claim Assistance: 24*7 claim assistance can be availed by the customers with a health insurance plan by Magma HDI. Therefore, a policyholder can contact the insurance company in case of any issue or queries.
3.Add-On Covers Available: Various add-on covers are offered along with health insurance by Magma HDI. The add on covers offered by the Magma HDI insurance companies include accidents, critical illness etc in order to assist you in extending the coverage for your health insurance policy.
4.High Claim Settlement Ratio: Health insurance by Magma HDI has witnessed an excellent health insurance claim settlement ratio. The claim settlement ratio is the claim settled percentage by the insurance company over the total number of claims received in a particular financial year. Therefore, the higher is the claim settlement ratio of an insurance company, the better it is.
Benefits of Health Insurance Plan by Magma HDI
Highlighted below are key benefits provided with health insurance policy by Magma HDI:
1. Free Yearly Health Check Up: Health insurance by Magma HDI offers free yearly health check-ups for all the insured members regardless of claims made.
2.Portability Benefits: Health insurance by Magma HDI permits the customers to port their current health insurance policy to themselves from a different insurance company or from the current insurance product offered by them.
3. Worldwide Emergency Cover: With the help of this health insurance cover by Magma HDI, the medical expenditure that has been incurred outside India in respect to the insured member.
4. Restoration of Sum Insured: Health insurance plan by Magma HDI provides restoration of sum insured facility. Therefore, the amount of sum insured of health insurance policy gets restored once the base sum insured level is exhausted within the health plan duration. It helps you in meeting unexpected medical emergencies.
Read More:
10 Benefits of Buying Health Insurance In 2021
Factors To Consider While Buying The Best Cashless Insurance Policies In India
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
