Shriram Company
vs
Magma Health

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Shriram Health Insurance Company vs Magma Health

Shriram Health Insurance Company

Shriram General Insurance, founded in 2006, is a joint venture between Shriram Group and Sanlam Limited. A leading Indian insurer, it offers comprehensive health plans with high sum insured and a 14,000+ hospital network. Primarily focused on serving common people, they provide various personal and commercial insurance solutions, supporting national growth.

Magma Health

Magma HDI General Insurance Company Limited, a joint venture between Magma Fincorp Limited and HDI Global SE Germany, serves over 4.5 million customers. They offer comprehensive, affordable health insurance alongside 30+ products across motor, marine, and fire insurance, addressing diverse customer needs for many years.

COMPANY DETAILS Edit

Shriram Health Insurance Company

Edit

Magma Health

Number of health insurance plans
Sum insured

Sum Insured

Up to 3 Crore

Sum Insured

Up to 3 CR
Claim ratio

Claim Ratio

86.86%

Claim Ratio

94.72%
Network hospitals

Network Hospital

13000+

Network Hospital

8400+
Solvency Ratio

Solvency Ratio

4.91%

Solvency Ratio

2.1
Pan India Presence

Pan India Presence

-

Pan India Presence

95
Claim Form

Claim Form

Available

Claim Form

-

Know More About Companies

Overview

Shriram General Insurance, founded in 2006, is a joint venture between Shriram Group and Sanlam Limited. A leading Indian insurer, it offers comprehensive health plans with high sum insured and a 14,000+ hospital network. Primarily focused on serving common people, they provide various personal and commercial insurance solutions, supporting national growth.

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Shriram Health Insurance

Individual and Family Health Insurance

Shriram General Health Insurance has launched its first-ever indemnity health plan, Shri Health Suraksha Insurance. This comprehensive plan promises t...

Unique Features

  • Comprehensive Coverage
  • Multiple Sum Insured
  • Benefits

Shri Health Suraksha Plan (Pros)

Shri Health Suraksha Plan
  • Multiple sum insured
  • Family cover
  • Ambulance cover

Shri Health Suraksha Plan (Cons)

Shri Health Suraksha Plan
  • Illegal activities
  • Obesity treatments
  • HIV
  • Adventure sports

Shri Health Suraksha Plan (Other Benefits)

Shri Health Suraksha Plan
  • ICU fees
  • doctor fees
  • Blood and oxygen espenses
  • Tax Benefits

Shri Health Suraksha Plan (Eligibility Criteria)

Shri Health Suraksha Plan
  • Min entry age: NA
  • Max Entry age: NA
  • Sum Insured: Multiple
  • Waiting Period: 30 days

Magma Health Insurance

Individual and Family Health Insurance

Magma HDI One Health insurance policy is a versatile health plan with 5 different plan variants and high-sum insured options ranging between 2 Lakhs t...

Unique Features

  • SI Up To 2 Crore
  • Voluntary Co-pay
  • CI & PA Coverage

Magma HDI One Health Insurance Plan (Pros)

Magma HDI One Health Insurance Plan
  • SI upto 2 Crore
  • Voluntary co-pay
  • CI & PA coverage

Magma HDI One Health Insurance Plan (Cons)

Magma HDI One Health Insurance Plan
  • Global coverage not covered
  • No automatic restoration
  • AYUSH cover not available

Magma HDI One Health Insurance Plan (Other Benefits)

Magma HDI One Health Insurance Plan
  • Lifelong renewality option
  • Give coverage for all medical care
  • Voluntary Co-Pay

Magma HDI One Health Insurance Plan (Eligibility Criteria)

Magma HDI One Health Insurance Plan
  • Minimum: 18 Years Children: 91 Days to 26 Years
Raj Kumar

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.