Magma Health Insurance

About Magma HDI Health Insurance

Magma HDI General Insurance Company Limited is a joint venture between Magma Fincorp Limited and HDI Global SE Germany. With more than 45 lakh customers, the company has been looking after the healthcare needs of its customers for many years.

The company offers over 30 products across different categories, including health insurance, motor insurance, marine insurance, and fire insurance.

Key Advantages of Magma HDI Health Insurance

• 8400+ network hospitals
• 94.72% claim settlement within 30 days
• 4.4 million+ active customers
• Up to 3 Cr sum insured
• 24x7 customer support

Features That Set Magma HDI Apart

• Offers comprehensive coverage.
• Provides coverage for accidental death and disability.
• Provides end-to-end online services.
• Gives optional cover for critical illness.
• Includes loss of income cover.

Magma HDI Insurance Awards and Accolades

1. Recognized as one of the Best BFSI Brands 2019 by The Economic Times
2. CX Excellence Award - 2022
3. Technology Excellence Awards - 2022
4. Winner of BFSI Excellence Awards 2021 for Outstanding Use of AI and Robotics
5. Rising Star Company of the Year at India Insurance Awards 2020

Why Choose Magma HDI Health Insurance?

• Versatile and affordable health insurance plans for every need
• 24x7 customer support for easy claim settlement
• Over 8400 network hospitals all over India
• Offers comprehensive coverage at affordable premiums
• Tax benefits under Section 80D of the Income Tax Act

What Is Covered Under Magma HDI Health Insurance?

Pre and Post-Hospitalization Expenses

Magma HDI Health Insurance understands the impact of medical inflation, thus they have made sure that their insurance plans contain pre and post-hospitalization expenses related to in-patient hospitalization.

AYUSH Treatments

Most Magma HDI Health Insurance plans have in-built alternative treatment cover which you can utilize to your benefit. AYUSH treatments include Ayurveda, Unani, Siddha, and Homeopathy treatments.

Hospitalization Expenses

Magma HDI health insurance plans cover your hospital expenses like room rent, ICU charges, surgery expenses, doctor consultations, and other such expenses.

Day Care Treatments

Multiple procedures do not require 24-hour hospitalization. With this in mind, a majority of the Magma HDI health insurance plans are designed to cover daycare procedures for policyholders.

Domiciliary Hospitalization

On a doctor’s recommendation, a policyholder can avail of medical care in the comfort of their home. Magma HDI health insurance plans cover domiciliary hospitalization up to specified sub-limits.

What Is Not Covered By Magma HDI Health Insurance?

Self-Inflicted Injuries

Magma HDI health policies will not cover injuries or hospitalization caused by self-harm.

Cosmetic Procedures

Magma HDI Health Insurance plans do not cover any kinds of cosmetic surgeries or treatments.

Adventure Sports

Magma HDI Health Insurance plans will not cover you for hospitalizations or accidents caused due to adventure sports.

Obesity or Weight Control Treatments

Magma HDI Health Insurance plans mostly do not cover treatments related to obesity and weight management such as bariatric surgeries.

Involvement in Illegal Activities

Magma HDI health insurance company plans do not cover individuals or families for hospitalization or injuries caused due to unlawful activities.

How to Buy Magma HDI Health Insurance Plans

If you are looking forward to purchasing Magma HDI Health insurance online, follow these simple steps:

1. Step 1: Visit the PolicyX health insurance page, and enter your details such as name, age, number of members to be covered, and city.
2. Step 2: Click on 'Get free quotes' and compare Magma HDI Health Insurance Plans as per your needs.
3. Step 3: Select and pay premiums online for the Magma HDI health insurance plan of your choice.
4. Step 4: Our team of insurance experts at PolicyX will provide you with all the assistance required regarding claims and other queries post-purchase of your Magma HDI Health Insurance plan.

Magma HDI Health Insurance Plan Claim Process Steps

You can file for cashless as well as reimbursement claims for your Magma HDI Health Insurance Plans by following these easy steps:

1. Step 1: Visit the website of Magma HDI Health Insurance, and select the "Claim" option. Then click on "Claim Intimation" to check out the form.
2. Step 2: Now select "health claim" and provide the required information, which includes the policy number, date of birth, and other details they ask for.
3. Step 3: Now select the "claim type," whether you want to opt for a cashless claim or reimbursement. Click on "authorize" and you will receive an OTP on the verified number.
4. Step 4: Get verified with the OTP and fill in the required hospital admission information, select the hospital, and fill in the hospital details in case of a non-network hospital.
5. Step 5: Upload the requested documents and click on the "review" button.
6. Step 6: After clicking on the review button, you need to submit the intimation for the company to review. You will receive a claim intimation number which you need to note down for future purposes.

How to Renew Magma HDI Health Insurance Plans?

Follow these steps for Magma HDI Health Insurance policy renewal:

1. Step 1: Visit the official website of Magma HDI Health Insurance Company.
2. Step 2: Click on the ‘Renew’ tab.
3. Step 3: Mention your ‘Policy Number’ and ‘Date Of Birth’.

Connect with our insurance experts for Magma HDI health insurance policy renewal at 1800-4200-269.