Magma HDI

14 reviews Rate This
Highlights
  • 4,100+ Network Hospitals
    Check in your City
  • 34,672 Policies Issued
  • 34.93% Incurred Claim Ratio
  • Lifelong Renewability
  • 91.85% Claim Settlement Ratio
  • 100% In-House Claim Settlement

About Magma HDI

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 Plan List

Name of PlanSum Insured
OneHealth Insurance PolicyMin: 91 Days; Max: 65 Years2 Lakh Get Quotes Now

Claim Process at Magma HDI

  • Network Hospital
  • Non-Network Hospital
  • 1

    Claim Intimation

    Emergency hospitalisation needs intimation as soon as it occurs and for planned hospitalisation intimate as soon as it occurs prior to admission.
  • 2

    Claim Processing

    Fill in the pre-authorisation form and hand it over to hospital's insurance/TPA desk to initiate claim request.
  • 3

    Claim Settlement

    Once your request is approved, claim is settled. If not approved, claim for reimbursement after discharge.
  • 4

    Claim Assistance

    For any assistance call Insurancedekho at 1800-120-5698 or call toll free number of Magma HDI at 18002663202.
  • 1

    Claim Intimation

    Emergency hospitalisation needs intimation as soon as it occurs and for planned hospitalisation intimate as soon as it occurs prior to admission.
  • 2

    Claim Processing

    Submit claim form with original documents such as doctor’s reports, hospital bills, diagnostic tests, etc.
  • 3

    Claim Settlement

    Once your request for reimbursement of expenses is approved, the claim will be settled.
  • 4

    Claim Assistance

    For any assistance call insurancedekho at 1800-120-5698 or call toll free number of Magma HDI 18002663202.

Magma HDI User Reviews

  • Best company ever

    Magma HDI is the best insurance company for me. It helped me a lot at the time of hospitalisation. People working there are very collaborative and they got my claim proved in a hassle-free manner. I would definitely recommend Magma HDI if someone asks me about the best health insurance provider in India. 

    M
    On: Oct 18, 2019 | Views
  • My favourite company

    Magma HDI is my favourite company to purchase health insurance because of its quick service, online policy purchase service, policy renewal, more than 4000 network hospitals, 100% In-house claim settlement option and much more. 

    P
    On: Oct 18, 2019 | Views
  • Best experience!

    Really the best experience with the team of Magma HDI and very prompt service. Every time I talked to them, they were quick to respond. I like the way that handled customers. Keep up the great work!!! 

    N
    On: Oct 10, 2019 | Views
  • Outstanding!!

    It was an outstanding experience for me. All the claim approvals were done timely and very clearly. The team at Magma HDI is great. They are doing a great job. They have great respect for customers. 

    N
    On: Oct 10, 2019 | Views
  • Reliable and Trustworthy

    I bought health insurance of Magma HDI 5 months ago. I suffered from typhoid and got hospitalized last month. Not only do Magma HDI reimburse the amount of room rent, but the entire hospitalisation charges and medicines. It’s a reliable and trustworthy health insurance company. It will recommend this company to everyone for sure. 

    R
    On: Sep 30, 2019 | Views
  • A sense of security!

    The best thing about Magma HDI is a nominal premium of its insurance products and tax benefits. People working for this company are praiseworthy too. They’re very humble, respect every customer and answer your questions without delay. Though I have not filed any claims so far, I am sure I am under a secure hand. The company gives me a sense of security!

    J
    On: Sep 30, 2019 | Views
  • Speechless

    I have no words in appreciation for the InsuranceDekho folks. They are so cordial and helped me a lot during my portability of the policy. I would recommend everyone InsuranceDekho.

    D
    On: Sep 09, 2019 | Views
  • Cooperative staff

    Very happy with the way staff cooperated to get me the policy from Magma HDI

    B
    On: Aug 20, 2019 | Views
  • Excellent Customer Care Team

    I have a One Health Insurance Policy by Magma HDI, which is a family floater plan. Although I have not availed any claim yet, the support staff of the insurer is prompt and satisfying. Its customer care team elaborates every aspect of the plan and clear all our doubts.

    H
    On: Jul 19, 2019 | Views
  • Perfect insurer for a healthy future!

    My health plan is from Magma HDI. Since the policy features and number of network hospitals are good in number, hence I am extremely satisfied. I have an individual plan with a coverage value of Rs. 10 Lakh. It makes me more confident and happier. But, I do not have any claim experience so far.

    M
    On: Jul 19, 2019 | Views
  • The best plan for the worst times

    Magma HDI never let customers suffer either in terms of finance or healthcare. I got to know this after buying the Individual Personal Accident Plan, which not only offer an extensive range of features to get the best possible treatment but also a good amount of sum insured to bear them all.

    B
    On: Jul 18, 2019 | Views
  • Feeling blessed to find you Insurance Dekho!

    I purchased a health insurance plan by Magma HDI from Insurance Dekho. It is a health insurance broker firm that helped me a lot to find a suitable plan for me and my family. The Insurance Dekho team doesn’t get away post-selling and help you in making claims as well. Highly impressed with their services.

    H
    On: Jul 18, 2019 | Views
  • Make perfect decision with Insurance Dekho!

    I bought a personal accident plan by Magma HDI from Insurance Dekho company. Insurance Dekho team elaborated me everything about different insurers and their plans, which helped me a lot to find a perfect plan for my family after a thorough comparison and analysis. I recommend Insurance Dekho for all.

    S
    On: Jul 18, 2019 | Views
  • Commendable Job!

    I am having a health insurance policy from Magma HDI for a long time. The services they offer are impressive. Besides, the insurance firm offers a good response to me every time I face any issue related to the plan. 1 month back I request my first claim for cashless treatment and I got it quite easily.

    R
    On: Jul 17, 2019 | Views

Latest Magma HDI News

Magma HDI Contact Details

Reach us for help anytime

Magma HDI 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%.

Latest Health Articles