Magma Health Insurance
A well known health insurance company, with more than 4.4 million customer base. It offers comprehensive health insurance to the policyholders at a ve...Read More
Network hospitals
8400+
Incurred claim ratio
94.72%
Sum insured
Up to3 CR
No. of Plans
1
Solvency Ratio
2.1
Pan India Presence
95+
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.
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.
- 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
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
-
Individual and Family Health Insurance
Magma Health Insurance Plans Eligibility Approximate Annual Premiums Magma HDI One Health Insurance Plan Entry Age - Minimum: 18 Years Children: 91 Days to 26 Years
Sum Insured - Up to 1 CrRs. 3615
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
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 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)
- SI upto 2 Crore
- Voluntary co-pay
- CI & PA coverage
Magma HDI One Health Insurance Plan (Cons)
- Global coverage not covered
- No automatic restoration
- AYUSH cover not available
Magma HDI One Health Insurance Plan (Other Benefits)
- Lifelong renewality option
- Give coverage for all medical care
- Voluntary Co-Pay
Magma HDI One Health Insurance Plan (Eligibility Criteria)
- Minimum: 18 Years Children: 91 Days to 26 Years
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Magma HDI Health Insurance
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?
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 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.
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?
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.
Magma HDI Health Insurance Plans Buying Process
If you are looking forward to purchasing Magma HDI Health insurance online follow the simple steps below:
- 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.
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:
- 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.
More Queries?
If you have any more queries regarding
Plans,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269
now!
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Written By: Naval Goel
Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.
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