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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 betwee…
- SI up to ₹2 Crore
- Voluntary Co-pay
- CI & PA coverage
Magma Health Insurance
Magma Health Insurance
Magma HDI General Insurance Company Limited is a joint venture between Magma Fincorp Limited and HDI Global SE, serving ...Read More
8,400+
Cashless hospitals
94.72%
Claim settlement
3 CR
Max sum insured
1
Active plans
🛡️ IRDAI Approved
⭐ 4.4/5 · 2,707 reviews
🏥 8,400+ hospitals
📊 2.02x solvency ratio
✅ 94.72% claim settlement
What you get with Magma Health Insurance
The headline features and policy mechanics, at a glance.
Sum insured up to 3 CR
Coverage scales from entry-level individual plans to high-end family-floater protection.
8,400+ cashless hospitals
Direct billing at network hospitals across 95 presence — no out-of-pocket payment at admission.
94.72% claim settlement
Industry-leading approval rate on eligible claims received in the most recent fiscal year.
2.02x solvency ratio
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
1 active plans
Choose from individual, family floater and senior-citizen variants to match your household.
About Magma Health Insurance
A quick overview of the insurer — parent group, brand history, and where they sit in the Indian health-insurance market.
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.
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 them apart
- Offers comprehensive coverage.
- Provides coverage for accidental death and disability.
- You will get end-to-end online services.
- Gives optional cover for critical illness.
- Includes loss of income cover.
Magma HDI Insurance Awards and Accolades
- Recognized as one of the Best BFSI Brands 2019 by The Economic Times
- CX Excellence Award - 2022
- Technology Excellence Awards - 2022
- Winner of BFSI Excellence Awards 2021 for Outstanding use of AI and Robotics
- Rising Star Company of the Year at India Insurance Awards 2020
Choose Magma Health Insurance Coverage of Your Choice
Select a sum insured option below to compare health plans matching your coverage need.
Video reviews
Walkthroughs from the PolicyX team — pros, cons, real claim experiences, and a recommendation on who should buy.
Magma HDI Health Insurance
It talks about the Solvency Ratio, Claim Support Ratio which helps an individual to analyze the Claim settling ability of the Insurer. It also mentions the Network Hospitals.
All 1 Magma Health Insurance plans
Every plan currently being sold by Magma Health Insurance, shown side-by-side so you can shortlist quickly.
What's covered — and what's not
The standard inclusions and exclusions across Magma Health Insurance plans. Specific plans may add benefits — always check the policy wording before purchase.
✓ Inclusions
- 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.
- 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.
- Magma HDI health insurance plans cover your hospital expenses like room rent, ICU charges, surgery expenses, doctor consultations, and other such expenses.
- 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.
- 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.
✗ Exclusions
- Magma HDI health policies will not cover injuries or hospitalization caused by self-harm.
- Magma HDI Health Insurance plans do not cover any kinds of cosmetic surgeries or treatments.
- Magma HDI Health Insurance plans will not cover you for hospitalizations or accidents caused due to adventure sports.
- Magma HDI Health Insurance plans mostly do not cover treatments related to obesity and weight management such as bariatric surgeries.
- Magma HDI health insurance company plans do not cover individuals or families for hospitalization or injuries caused due to unlawful activities.
Buy, claim, renew, port — step-by-step
Step-by-step guides for the four moments that matter most in your policy lifecycle. Click a tab to switch.
If you are looking forward to purchasing Magma HDI Health insurance online, follow these simple steps:
- 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 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.
You can file for cashless as well as reimbursement claims for your Magma HDI Health Insurance Plans by following these easy steps:
- 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.
- 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.
- 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.
- 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 requested documents 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.
Follow these 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.
Frequently asked questions
The 14 most-asked questions about Magma Health Insurance, answered.
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%.
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)
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.
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.
Yes, as per the new guidelines of IRDAI, every health insurance plan will offer coverage against COVID-19 claims.
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
The Magma Health Insurance policies can cover up to four adults and three children.
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.
Yes, Some Magma HDI Health Insurance plans come with a sub-limit on certain covers.
Magma HDI health insurance hospital list has more than 4,300 network hospitals that provide cashless hospitalization to the policyholders.
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
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.
Yes, the company has a separate customer care team to assist with the issues of senior citizens. One can send a mail to [email protected] to get their queries resolved.
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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Customer satisfaction
Aggregate ratings from 2,707 verified PolicyX customers who bought a Magma Health Insurance plan.
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PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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