Magma Health vs Raheja Qbe Health Insurance 2026 | PolicyX
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Overview

Magma HDI General Insurance (a JV of Magma Fincorp and HDI Global SE) serves 4.5M+ customers with affordable, comprehensive health plans plus 30+ products across motor, marine and fire insurance—reliable cover for individuals, families and businesses.
COMPANY DETAILS ✎ Edit

Magma Health

 ✎ Edit

Raheja Qbe
Number of health insurance plans
Sum insured

Sum Insured

Up to ₹ 3 CR

Sum Insured

Up to ₹ 1 Cr
Claim ratio

Claim Ratio

94.72%

Claim Ratio

97.30%
Network hospitals

Network Hospital

8400+

Network Hospital

5000+
Solvency Ratio

Solvency Ratio

2.02

Solvency Ratio

1.72
Pan India Presence

Pan India Presence

95

Pan India Presence

10
Claim Form

Claim Form

Available

Claim Form

Available
Annual premium (company level)

Annual premium (company level)

742.77 Crore

Annual premium (company level)

30.65 Crore
Years in operation

Years in operation

2012

Years in operation

2007
24×7 claim support

24×7 claim support

Yes

24×7 claim support

No
Claims settled within 3 months

Claims settled within 3 months

96.84

Claims settled within 3 months

97.30
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Magma HDI Health Insurance

▶ Magma HDI Health Insurance

Raheja QBE Health Insurance

▶ Raheja QBE Health Insurance
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Magma Health Insurance

Most popular
Individual and Family Health Insurance

Magma HDI One Health Insurance Plan

Magma HDI One Health Insurance is a versatile plan offering up to ₹2 Crore sum insured across 5 customizable variants for indivi...

  • SI Up To 2 Crore
  • Voluntary Co-pay
  • CI & PA Coverage
  • SI up to ₹2 Crore
  • Voluntary Co-pay
  • CI & PA coverage
  • Global coverage not covered
  • No automatic restoration
  • AYUSH cover not available
  • Lifelong renewability option
  • Provides coverage for all medical expenses
  • Voluntary Co-Pay
  • Minimum: 18 Years Children: 91 Days to 26 Years
View plan

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Expert Reviewed

Reviewed By: Raj Kumar

With over 12 years of rich experience in the BFSI domain, with a specialisation in Life and Health Insurance, I have played a pivotal role in simplifying the insurance-buying process and delivering unparalleled service.

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