Magma HDI Health Insurance Benefits

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

Benefits of Magma HDI Health Insurance

Incorporated in 2006, Magma HDI General Insurance Company is a renowned name for small private sector general insurers. The insurer is a joint venture between India’s Magma Fincorp Ltd. and HDI Global SE, Germany. The company provides different types of insurance options for various industries such as health insurance, fire insurance, liability insurance, marine insurance, engineering insurance, motor insurance, and some other miscellaneous insurances.

The insurer has managed to capture a good amount of insurance market by providing affordable and valuable health insurance plans for individuals, families, accidental cases, critical illness patients, etc. The organisation provides several effective products for families as well as individuals, which can easily be purchased as well as renewed online.

Magma HDI General Insurance Company owns various plans which are designed to offer a wide range of coverage to customers. The components among its offering may include IVF treatment cover, AYUSH coverage, Lasik surgery cover, pre-and post-hospitalisation cover, ambulance charges, pre-existing disease coverage, etc. Besides these, the policyholders can attain some additional covers like customer support, lifelong renewability, the option of portability, and so on. 

  • Additional Benefit of Free Health Check up

    Magma HDI provides free annual health check-up to all the adult insured members, which may vary from plan to plan. This benefit is included in the majority of plans offered by the insurer.
  • Additional Protection over Employer Coverage

    The insurance policy provided by the employer may not include the coverage for several illnesses. Therefore, with Magma HDI General Insurance company you can enhance your plan and find additional insurance features.
  • Cashless Benefit

    Health insurance plans provided by Magma HDI are designed to help policyholders prevent facing the stress related to monetary crunches, which may occur during medical contingencies. With more than 4,100 network hospitals, the insurer makes it easier for insured members to avail cashless treatment across the nation.
  • Claim Settement Ratio

    Getting the proper claim easily and swiftly is the ultimate objective of every policyholder. Hence, to ensure the performance of any insurer checking the claim settlement ratio is very crucial. The claim settlement ratio (CSR) of Magma HDI is 91.85%*, which is a sign of an efficient insurer. *ICR changes from time to time.
  • Coverage against Medical Expenses

    Magma HDI offers affordable coverage against the soaring medical costs by providing insurance policies with diverse components. The plans under Magma HDI generally cover the costs of pre and post-hospitalisation, daycare treatments, ambulance charges, domiciliary hospitalisation fee and so on.
  • Incurred Claim Ratio

    The Incurred Claim Ratio is one of the easiest methods to gauge the performance and productivity of the insurer. It is the rate of net claims settled by the insurance providing firm to the net premium collected. The Incurred Claim Ratio (ICR) of Magma HDI for year 2018-19 is 90%*. *It keeps on changing with time.
  • Tax Benefit

    The policyholders can avail the tax benefits on the premium amount paid according to Section 80D of IT Act 1961. In short, the plans of Magma HDI don’t just provide medical coverage but also help in saving 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
Corona Kavach PolicyMin: 1 day; Max: 65 years50,000 - 5 lakh Get Quotes Now

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

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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