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Magma HDI Health Insurance Benefits

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Highlights
Claim Settlement Ratio95.17%
COVID-19 CoverYes
In-House Claim Settlement100%
Network Hospitals4,300+
Policies Sold4,477
RenewabilityLifelong
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Benefits of Magma HDI Health Insurance

Magma HDI General Insurance Company is a renowned insurer that captures 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-hospitalisation 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 Settlement 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 for FY 2019-20 is 95.17%, which is a sign of an efficient insurer. Note that the CSR 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%. Note that the ICR 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

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Magma HDI Health Insurance User Reviews

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What users are saying
  • All
  • Systematic policy issuance

    While issuing Magma HDI’s OneHealth Insurance Policy from InsuranceDekho, the systematic approach of the...

    Read More
    R
    OneHealth Insurance Policy
    By Rabin Khanra
    On: Mar 05, 2021
  • Best experience

    I wanted to make an investment in a health plan and I was looking for a platform. My friend suggested me to ch...

    Read More
    S
    OneHealth Insurance Policy
    By Shyamal Banerjee
    On: Feb 19, 2021
  • Magma HDI is my best purchase ...

    I have had many bad health insurance experiences so far. Magma HDI’s OneHealth Insurance policy is the b...

    Read More
    G
    OneHealth Insurance Policy
    By Gunjan Tyagi
    On: Oct 30, 2020
  • Great services offered by Insu...

    As happy as I am with my Magma HDI Arogya Sanjeevani Policy, equally happy I am with the services offered by I...

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    S
    Arogya Sanjeevani Policy
    By Sahil Wadhwa
    On: Jun 17, 2020
  • No paperwork

    I purchased Arogya Sanjeevani Policy of Magma HDI from InsuranceDekho and I must say that their team is the be...

    Read More
    R
    Arogya Sanjeevani Policy
    By Renu Munjal
    On: Jun 16, 2020
Must BuyMust Buy

Why to Buy Health Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 75,000*
  • Claim support everyday 10AM-7PM
  • 14 Lakh+ happy customers

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Magma HDI Health Insurance Contact Details

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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.

1260 Magma HDI Cashless Network Hospitals in India

Insurance Products by Magma HDI General Insurance

FAQ About Magma HDI Health Insurance

  • 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 for FY 2019-20 is 95.17%.

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Network Hospital in Popular Cities

CityNo of Hospital
Chennai232
Kolkata87
Noida25
Patna42
Ahmedabad96
Bengaluru282
New Delhi207
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*Standard T&C Apply. All savings/offers are provided by the Insurers, which are subject to modification .For more details on risk factors, terms and conditions, please read the sales brochure of respective insurers carefully before concluding a sale. Tax benefits are subject to changes in applicable tax laws. Girnar Insurance Brokers Private Limited, (CIN: U66010RJ2016PTC054811, Regd .Off: Girnar 21, Govind Marg, Moti Doongari Road, Dharam Singh Circle, Jaipur, Rajasthan- 302004; Corp. Off: 11th Floor, Tower B, Emaar Digital Greens, Golf Course Extension Road, Sector-61, Gurugram-122102, Haryana. IRDAI License no 588. Direct Broker (Life & General) valid till 19th March 2023. Email - support@insurancedekho.com ; Helpline number: 7551196989.
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