Magma Health vs Niva Bupa Health Insurance 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

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Magma Health

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Niva Bupa

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 98%
Network hospitals	Network Hospital 8400+	Network Hospital 10000+
Solvency Ratio	Solvency Ratio 2.02	Solvency Ratio 3.03
Pan India Presence	Pan India Presence 95	Pan India Presence 320
Claim Form	Claim Form Available	Claim Form Available
Annual premium (company level)	Annual premium (company level) 742.77 Crore	Annual premium (company level) 6,762.23 Crore
Years in operation	Years in operation 2012	Years in operation 2008
24×7 claim support	24×7 claim support Yes	24×7 claim support Yes
IRDAI registration number	IRDAI registration number 149	IRDAI registration number 145
Claims settled within 3 months	Claims settled within 3 months 96.84	Claims settled within 3 months 92.4
Recommended Videos	▶ Magma HDI Health Insurance ▶ Niva Bupa Health Insurance Review \| Max Bupa Health Insurance \| Niva Bupa Health Insurance Plan 2025

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

Magma Health Insurance

Cholamandalam MS Health Insurance

Oriental Health Insurance

Raheja QBE MS Health Insurance

Galaxy Health Insurance

Narayana Health Insurance

Know More About Health Insurance Companies

Magma Health Insurance

Magma HDI One Health Insurance Plan

Magma HDI One Health insurance policy is a versatile health plan with 5 different plan variants and high sum insured options rangi...

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

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Compare with Other Insurers

New India Health United India Future Generali Cholamandalam Ms Kotak Mahindra Oriental Health Acko Health Navi Health Digit Health Universal Sompo Tata Aig Bajaj General Star Health Shriram Health Insurance Company Apollo Munich Icici Lombard Iffco Tokio National Health Reliance Health Royal Sundaram Hdfc Ergo Sbi Health Niva Bupa Health Care Health Manipal Cigna Aditya Birla Edelweiss Health Insurance Liberty Health Raheja Qbe Galaxy Health Narayana Health Insurance Niva Bupa

New India Health United India Future Generali Cholamandalam Ms Kotak Mahindra Oriental Health Acko Health Navi Health Digit Health Universal Sompo Tata Aig Bajaj General Star Health Shriram Health Insurance Company Apollo Munich Icici Lombard Iffco Tokio National Health Reliance Health Royal Sundaram Hdfc Ergo Sbi Health Niva Bupa Health Care Health Manipal Cigna Aditya Birla Edelweiss Health Insurance Liberty Health Magma Health Raheja Qbe Galaxy Health Narayana Health Insurance

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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