Navi Health vs Magma Health Health Insurance 2026 | PolicyX

Overview

Navi General Insurance offers health plans with coverage up to ₹1 crore through a fully paperless, digital process. It provides access to 10,000+ cashless hospitals and a quick, hassle-free claims experience, with settlements in as little as 20.
COMPANY DETAILS ✎ Edit

Navi Health

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Magma Health

Number of health insurance plans
Sum insured

Sum Insured

Up to ₹ 1 Cr

Sum Insured

Up to ₹ 3 CR
Claim ratio

Claim Ratio

95.13%

Claim Ratio

94.72%
Network hospitals

Network Hospital

10000+

Network Hospital

8400+
Solvency Ratio

Solvency Ratio

4.56

Solvency Ratio

2.02
Pan India Presence

Pan India Presence

400

Pan India Presence

95
Claim Form

Claim Form

Available

Claim Form

Available
Annual premium (company level)

Annual premium (company level)

90.99 Crore

Annual premium (company level)

742.77 Crore
Years in operation

Years in operation

2017

Years in operation

2012
24×7 claim support

24×7 claim support

Yes

24×7 claim support

Yes
Claims settled within 3 months

Claims settled within 3 months

99.97%

Claims settled within 3 months

96.84
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Navi Health Insurance

▶ Navi Health Insurance

Magma HDI Health Insurance

▶ Magma HDI Health Insurance

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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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