Magma Health Insurance

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 compre...Read More

Happy Customers

Buy policy in just 2 minutes

Buy Policy in just 2 mins

2 lakh+ happy customers

Network hospital

8400+

Network hospitals

Claim settlement ratio

94.72%

Claim settlement ratio

Sum Insured

Up to3 CR

Sum insured

No of Plans

1

No. of Plans

Solvency Ratio

2.1

Solvency Ratio

Pan India Presence

95+

Pan India Presence

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Customized Health Insurance Plan for you.

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Buy Policy in just 2 mins

With expert guidance from advisors

Happy Customers

2 lakh + Happy Customers

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Magma Health Insurance
Simran saxena
Written By:
Simran

Simran saxena

Health and Term Insurance

Simran has over 4 years of experience in content marketing, insurance, and healthcare sectors. Her motto is to make health and term insurance simple for our readers has proven to make insurance lingos simple and easy to understand by our readers.

 |
Reviewed By:
Raj Kumar

Raj Kumar

Health Insurance

Raj Kumar has more than a decade of experience in driving product knowledge and sales in the health insurance sector. His data-focused approach towards business planning, manpower management, and strategic decision-making has elevated insurance awareness within and beyond our organisation.

Updated on Jul 07, 2025 4 min read

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, fire insurance, etc.

 

8400+

1

Network
Hospitals

96.47%

2

Claim settlement
within 30 days

4.4 million+

3

Active
Customers

UP TO 3 Cr

4

Sum
Insured

24X7

5

Customer
Support

What are some of the
Features
that set them apart?

  • 1

    Offers comprehensive coverage.

  • 2

    Provides coverage for accidental death and disability.

  • 3

    You will get an end-to-end online services.

  • 4

    Gives optional cover for critical illness.

  • 5

    Included 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
Star Health Insurance awards
 

Why Do We Exist?

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Best Selling Magma Health Insurance Plans

Let's take a look at the list of health insurance plans that offer comprehensive protection to you and your family

  1. Individual and Family Health Insurance

    Magma Health Insurance Plans Eligibility Approximate Annual Premiums
    Magma HDI One Health Insurance Plan Entry Age -
    Sum Insured - Up to 0     		Rs.

Key Features Of Magma Health Insurance

Let us take a look at some unique features of top-selling Magma Health Insurance policies:

For Individual and Family Health Insurance

  • Magma HDI One Health Insurance Plan

Magma HDI One Health Insurance Plan

A versatile health insurance plan that can cater to your needs. Comes in 5 different variants with maximum sum insured upto 1 Crore.

Why do we recommend this?
  • You will get a long term policy discounts.
  • Customise your sum insured as per the requirement.
  • IVF treatments also covered.

Explore other Magma Health Insurance

To cater to the different medical needs of an individual & their family, Magma Health Insurance offers several Health Plans ranging from senior citizen plans to specialized plans for autistic children, to health insurance for cardiac patients, and many more. Take a look below to Magma Health Insurance plans explore more:

Individual and Family Health Insurance

Magma HDI One Health Insurance Plan

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 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

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Magma HDI Health Insurance

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Why Choose Magma HDI Health Insurance?

why-choose

What is Covered?

Life 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.

Life Insurance

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.

Life Insurance

Hospitalization Expenses

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

Life Insurance

Day Care Treatments

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

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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?

Life Insurance

Self Inflicted Injuries

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

Life Insurance

Cosmetic Procedures

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

Life Insurance

Adventure Sports

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

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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.

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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.

Magma HDI Health Insurance Plans Buying Process

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

Life Insurance
  • Step 1

    Visit the PolicyX health insurance page, and enter your details such as name, age, number of members to be covered, and city.

  • Step 2

    Click on 'Get free quotes' and compare Magma HDI Health Insurance Plans as per your needs.

  • Step 3

    Select and pay premiums online for the purchased Magma HDI health insurance plan of your choice.

  • 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.

Life Insurance

Magma HDI Health Insurance Renewal Process

Follow the steps for Magma HDI Health Insurance policy renewal

  • Step 1

    Visit the official website of Magma HDI Health Insurance Company

  • Step 2

    Click on the ‘Renew’ tab

  • 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

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:

Life Insurance
  • Step 1

    Visit the website of Magma HDI Health Insurance, and select the "Claim" option. Then click on the "Claim Intimation" to check out the form.

  • Step 2

    Now select "health claim" and require the information which is the policy number, date of birth, and other details they ask for.

  • Step 3

    Now select the "claim type", whether you want to opt for a cashless claim or reimbursement. Click on the authorize and you will receive the OTP on the verified number.

  • 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.

  • Step 5

    Upload the documents asked and click on the "review" button.

  • 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.

Health Insurance Premium Calculator

PolicyX.com premium calculator offers premium comparison for some of the best health plans in India. You can input your details and check out some of the most suitable health insurance policies for your specific requirements. This is the easiest, most efficient, spam and gimmick-free way to buy health insurance today.

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Health Insurance Queries

More Queries?

If you have any more queries regarding Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

Explore Magma Health Insurance

Magma HDI Claim Settlement Ratio

Magma HDI Claim Settlement Ratio

Magma HDI Premium Calculator

Magma HDI Premium Calculator

Magma HDI Health Insurance: FAQs

1. Does Magma HDI Health Insurance offer any discounts on their policy?

Yes, the plan offers a discount if the policyholder has opted for a multi-year policy. Discount for 2-year tenure policy: 10%, and for 3-year tenure policy: 12.5%.

2. What are Early Joining benefits?

If an individual buys a policy before the age of 40 and renews it continuously, and there is no claim, then the company offers an additional benefit amount. For example: Additional Rs. 2,500 in the 6th Policy year, (i.e. 5 claim-free policy years) Additional Rs. 5,000 in the 11th Policy year (i.e. 10 claim-free policy years)

3. How can I renew my Magma HDI Health Insurance Policy?

The company offers a very simple and easy renewal process. Visit the official website, and click on the Renewal option. Fill in your policy number and other details. Pay the premium, and get the details of your renewed policy on your registered email address.

4. What to do if I am not satisfied with the plans or services offered by the company?

No worries. The company will promptly and effectively address your grievances. If you are still not satisfied with the solution then you may approach the Insurance Ombudsman located nearest to you.

5. Will my Health Insurance policy cover COVID-related claims?

Yes, as per the new guidelines of IRDAI, every health insurance plan will offer coverage against COVID-19 claims.

6. What are the waiting periods under Magma HDI Health Insurance plans?

The waiting periods for Magma HDI Health Insurance plans are as follows: Initial Waiting Period - 30 days Specific Diseases - 2 years/ 4 years Pre-existing Diseases - 3 years/ 4 years Waiting Period for Critical Illness - 90 days Waiting Period for COVID-19 - 15 days

7. What is the maximum number of family members who can be covered under the Magma Health Insurance plans?

The Magma Health Insurance policies can cover up to four adults and three children.

8. Where I can calculate the premium of Magma HDI Health Insurance?

Magma HDI Health Insurance premium calculator is available on the official website of the company or you can also calculate the premium from the official website of PolicyX.com.

9. Are there any sub-limits on Magma HDI Health Insurance plans?

Yes, Some Magma HDI Health Insurance plans come with a sub-limit on certain covers.

10. How many network hospitals are under the Magma HDI Health Insurance?

Magma HDI health insurance hospital list has more than 4,300 network hospitals that provide cashless hospitalization to the policyholders.

11. Does Magma HDI Health Insurance company offer any mobile app for easy access?

Yes, the company has a mobile app named Magma HDI App , that you can download to avail of the following: Intimate and track claims Avail wellness services Download forms Search hospitals for cashless facilities, and more

12. How do I download an insurance copy of Magma HDI?

Visit the official website of Magma HDI General Insurance and log in using your credentials. Once you are logged in, you can generate a request for a copy of the insurance policy.

13. Does Magma HDI Health offer any special service for senior citizens?

Yes, the company has a separate customer care team to assist with the issues of senior citizens. One can send a mail to Namaskar@magma-hdi.co.in to get their queries resolved.

14. What are the documents required for the settlement of the claim?

You need to submit the below-mentioned details to file a claim: Duly filled claim form Certificate from the physician Medicine prescriptions Medical bills Diagnosis reports such as x-ray scan, ECG, etc. Details of the discharge Final receipts from the hospital

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Simran saxena

Written By: Simran Saxena

Simran has over 4 years of experience in content marketing, insurance, and healthcare sectors. Her motto is to make health and term insurance simple for our readers has proven to make insurance lingos simple and easy to understand by our readers.

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