Magma Health Insurance vs Raheja Qbe Insurance Online in 2026

Overview

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.

COMPANY DETAILS

Magma Health

Raheja Qbe

Number of health insurance plans	No. of Plans 1	No. of 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
IRDAI registration number	IRDAI registration number 149	IRDAI registration number 141
Claims settled within 3 months	Claims settled within 3 months 96.84	Claims settled within 3 months 97.30
Recommended Videos	Magma HDI Health Insurance Raheja QBE Health Insurance

Consult for Personalized Insurance Advice

But how does it work?

Schedule a call with India’s number 1 trusted advisor with a 4.5+ rating on Google. We are not your average insurance agents. Our advisors are experts in their insurance knowledge and will give you the right information at the right time. The service is free of cost! Don’t worry, we won’t spam as we value your time.

Health Insurance Companies

Finding a reliable insurance company is as critical as purchasing suitable medical insurance plans to avail of all the expected benefits of the policy. Here are the 28 most trusted health insurance providers in India.

Star Health Insurance

Care Health Insurance

Aditya Birla Health Insurance

HDFC ERGO Health Insurance

Apollo Munich Health Insurance

Niva Bupa Health Insurance

ICICI Lombard Health Insurance

Tata AIG Health Insurance

Bajaj General Insurance

SBI Health Insurance

Royal Sundaram Health Insurance

ManipalCigna Health Insurance

Reliance Health Insurance

IFFCO Tokio Health Insurance

Future Generali Health Insurance

National Health Insurance

United India Health Insurance

New India Health Insurance

Navi Health Insurance

ACKO Health Insurance

Digit Health Insurance

ZUNO General Insurance

Universal Sompo Health Insurance

Liberty Health Insurance

Kotak Mahindra Health Insurance