Magma HDI Health Insurance

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Highlights

4,100+ Network Hospitals

4,477 Policies Issued

90% Incurred Claim Ratio

Lifelong Renewability

91.85% Claim Settlement Ratio

100% In-House Claim Settlement

Coronavirus (COVID-19) Cover

About Magma HDI General Insurance

Magma HDI General Insurance Co Ltd. is a joint venture between Kolkata based Magma Fincorp Ltd. company and Germany based HDI-Gerling Industrie Versicherung AG firm. The General Insurance Company delivers a lot of products such as Motor Insurance, Marine Insurance, Fire Insurance, Engineering Insurance, Liability Insurance and many more. The firm tries to concentrate on customer satisfaction with the help of its operational efficiency and innovative approach.

it is established as a part of Talanx Group in 2006. The group used to operate in 150+ nations and is renowned as a leader in offering insurance and financial services to the people across the globe. It is counted as the third largest German insurance group as per the amount of premium it earns. Magma Fincorp Ltd., a Non-Banking Financial Corporation has its roots strengthened in rural parts of India. It is counted as one of the India’s supreme and growing NBFC, which caters to the financial requirements of the people, especially living in the rural areas. 

Key Highlights

  • 34.93% of Incurred Claim Ratio
  • 34,672 policies have been issued
  • 4,100+ cashless network hospitals
  • Availability of lifelong renewability
  • 24*7 customer care support available  
  • 10% discount is offered on a family package
  • Tax savings according to section 80D of IT Act

Magma HDI General Insurance Co Ltd. is a pioneer name in the Indian health insurance industry, where it provides many health insurance policies. The plans offered by Magma HDI own multiple advantages and wide coverage at affordable rates to protect customers from health as well as monetary risks in their entire life. The 100+ years of experience gives the company an edge over its competitors. The firm offers an extensive range of the sum insured and cashless facility at various network hospitals to let customers avail the treatment and medication without paying from their pockets. 

The major aim of Magma HDI General Insurance Co Ltd. is to become the most preferred and responsible general insurance organisation fulfilling every possible aspiration of their policyholders. Thus, the firm tries to find out the needs of their customers and work upon them to develop some economical products that provide value for money.

Magma HDI Health Insurance Plan List

Name of PlanSum Insured
OneHealth Insurance PolicyMin: 91 Days; Max: 65 Years2 Lakh Get Quotes Now
Arogya Sanjeevani PolicyMin: 3 months; Max: 65 years1 Lakh - 5 Lakh Get Quotes Now

Claim Process at Magma HDI Health Insurance

  • Network Hospital
  • Non-Network Hospital
  • 1

    Claim Assistance

    For any assistance or query, call InsuranceDekho at the toll-free number 755 1196 989.
  • 2

    Claim Intimation

    Emergency hospitalisation needs intimation as soon as it occurs and for planned hospitalisation intimate as soon as it occurs prior to admission.
  • 3

    Claim Processing

    Fill in the pre-authorisation form and hand it over to hospital's insurance/TPA desk to initiate claim request.
  • 4

    Claim Settlement

    Once your request is approved, claim is settled. If not approved, claim for reimbursement after discharge.
  • 1

    Claim Assistance

    For any assistance or query, call InsuranceDekho at the toll-free number 755 1196 989.
  • 2

    Claim Intimation

    Emergency hospitalisation needs intimation as soon as it occurs and for planned hospitalisation intimate as soon as it occurs prior to admission.
  • 3

    Claim Processing

    Submit claim form with original documents such as doctor’s reports, hospital bills, diagnostic tests, etc.
  • 4

    Claim Settlement

    Once your request for reimbursement of expenses is approved, the claim will be settled.

Magma HDI Health Insurance User Reviews

  • Great services offered by Insurance Dekho

    As happy as I am with my Magma HDI Arogya Sanjeevani Policy, equally happy I am with the services offered by Insurance Dekho. The team helped me under...

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    S
    Sahil Wadhwa
    On: Jun 17, 2020 | Views
  • No paperwork

    I purchased Arogya Sanjeevani Policy of Magma HDI from InsuranceDekho and I must say that their team is the best. This is the first time I purchased h...

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    R
    Renu Munjal
    On: Jun 16, 2020 | Views
  • Easy digital process

    Earlier I used to rely on insurance agents for my health insurance related needs. But it was the first time that I chose an online platform InsuranceD...

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    B
    Balram Choudhary
    On: Jun 15, 2020 | Views
  • More than 4,000 network hospitals

    I purchased Magma HDI’s Arogya Sanjeevani Policy because it had a good number of network hospitals near my locality. Also, there were many benef...

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    A
    Amit Balraj
    On: Jun 14, 2020 | Views
  • Excellent services at InsuranceDekho

    I was new to the concept of buying health insurance online and didn’t know much about it until I called on the toll free number and talked to th...

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    J
    Jiya Sahu
    On: Jun 13, 2020 | Views
  • Complete coverage

    My Magma HDI One Health Insurance provides me and my family complete coverage against basic healthcare expenses. I will recommend this plan to friends...

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    T
    Tanu Raghavan
    On: Jun 04, 2020 | Views
  • Claim was very easy

    I recently made a claim under my Magma HDI OneHealth Insurance Policy. And the process was very easy. I thank the team at InsuranceDekho who helped me...

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    K
    Kajal Aggarwal
    On: Jun 02, 2020 | Views
  • Good job team...

    Magma HDI offers the best plans and so I chose to buy OneHealth Insurance Policy at low premiums. The team at InsuranceDekho helped me understand the ...

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    V
    Vishal Kaushik
    On: May 30, 2020 | Views
  • Covers Amazing Benefits

    I am using health insurance by InsuranceDekho from Magma HDI. This is an Individual policy which covers Tax benefits, Cashless Benefit, Medical Expens...

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    P
    Pallavi Kumari
    On: May 28, 2020 | Views
  • Secured payment gateway.

    It was the first time I paid online to purchase a health insurance policy. Earlier I was unsure to make payment online but now I trust InsuranceDekho ...

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    A
    Aishwarya Kapoor
    On: May 26, 2020 | Views
  • Awesome.!

    Very nice policy by Magma HDI

    d
    dipali
    On: Feb 11, 2020 | Views
  • Quick response!

    My hair stands on end when I recalled the medical emergency that i met a month ago! Thanks Magma HDI team who were very much helpful to me and helped ...

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    P
    Pankaj
    On: Jan 14, 2020 | Views
  • Trusted!

    For me, Magma HDI is the most trusted name in the health insurance industry. Besides having some of the best health insurance products, it also has th...

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    K
    Kanta Gupta
    On: Jan 13, 2020 | Views
  • Caters to my needs

    With InsuranceDekho team, I have taken OneHealth Insurance Policy. This policy is the most suitable one for my medical needs. It has everything that i...

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    B
    Bharath Sahoo
    On: Jan 09, 2020 | Views
  • Insurer I can recommend

    Magma HDI is the best health insurance company for me I can recommend to others. I will not give a second thought when someone asks me about the best ...

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    V
    Vinay
    On: Jan 08, 2020 | Views
  • Great experience with Magma HDI

    Since the time I purchased the health insurance product from Magma HDI, my experience with this company has been very fruitful. I have nothing to comp...

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    M
    Mithun
    On: Jan 07, 2020 | Views
  • Worldwide Emergency Cover!

    There is no policy as suitable for me as this one of Magma HDI. I bought this product because it provides worldwide emergency cover! Not only this, bu...

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    P
    Prasanna Kumar
    On: Jan 07, 2020 | Views
  • Super Intellectual!

    Customer service offers at Magma HDI are super intellectual. They do not just have knowledge about their own health insurance products, but can also g...

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    S
    Sanjay Shah
    On: Jan 02, 2020 | Views
  • Good..

    Magma HDI is a good company to buy health insurance. Its staff sounds educated and knowledgeable. They know how to talk and behave with customers...

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    B
    Bhavna Bhatnagar
    On: Dec 31, 2019 | Views
  • Health security for family!

    Just a single plan and sum insured, and i am able to secure the health of my family, which include 4 adults and 2 children. The plan provides us ...

    Read More
    S
    Sabir Ali
    On: Dec 25, 2019 | Views

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Magma HDI Health Insurance Contact Details

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Magma HDI Health Insurance FAQs

  • Does Magma HDI offer insurance plans for individuals or for the families?

    Magma HDI provides the health insurance plans for individuals and families both. The same plan can be purchased on an individual or family floater basis with the change in the sum insured and premium amount.

  • Do I need to go through medical tests to buy a health plan from Magma HDI General Insurance Co. Ltd.?

    Sometimes it is necessary and sometimes not. Actually, it varies from plan to plan where customers are required to submit their medical reports to get their health condition analysed. However, in case, if the request for a health plan is accepted, the applicant can get his or her 100% check-up cost reimbursed.

  • Does Magma HDI General Insurance Company provide any coverage for an accident?

    Yes, under OneHealth policy of Magma HDI, the personal accident cover is provided as an optional benefit. Also, the insurer has one more dedicated plan offered to its customers, known as Individual Personal Accident, to cover the treatment for injury due to accidents.

  • Is there any policy available to cover the expenses of critical illness under Magma HDI?

    Yes, OneHealth Policy of Magma HDI provides cover for the critical illness treatment.

  • What is the claim settlement ratio of Magma HDI General Insurance Company?

    The Claim Settlement Ratio of Magma HDI General Insurance Company is 91.85%.

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