Magma HDI General Insurance Company Limited is a joint venture between Magma Fincorp Limited and HDI Global SE, serving over 4.5 million customers across India. The company offers a wide range of insurance solutions, including affordable and comprehensive health insurance plans, along with 30+ products spanning motor, marine, and fire insurance. With a strong focus on customer needs, Magma HDI provides reliable coverage options designed for individuals, families, and businesses.
Narayana Health Insurance Ltd. is a stand-alone health insurer promoted by Narayana Health and is a wholly owned subsidiary of Narayana Hrudayalaya Ltd.. Chaired by renowned cardiac surgeon Dr. Devi Shetty, the company combines clinical expertise with insurance to improve healthcare access. It focuses on offering simple, affordable, and transparent health insurance solutions. Initially targeting the Karnataka market, the company aims to expand its presence across India while strengthening trust through its integrated healthcare and insurance model.