Magma HDI One Health Insurance Plan
  • SI Up To 2 Crore
  • Voluntary Co-pay
  • CI & PA Coverage
Magma HDI One Health Insurance Plan
Network hospitals

Network hospitals

8400+

Incurred claim ratio

Incurred claim ratio

94.72%

Sum insured

Sum insured

Up to 3 CR

No. of Plans

No. of Plans

1

Solvency Ratio

Solvency Ratio

2.1

Pan India Presence

Pan India Presence

95+

Customized Health Insurance Plan for you.

Get upto 15% Online Discount*

Select Members You Want To Insure

Age of Eldest Member

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 to 1 Crore. Individuals can avail of a plethora of benefits under the Magma HDI One Health Insurance Policy such as:

  • Psychiatric Cover
  • Lasik Surgery Cover
  • IVF Treatment
  • Free Annual Health Check-up
  • Critical Illness and Personal Accident Cover

The plan is available for 1/2/3 years policy tenure for individuals with a minimum age of 5 years with no upper limit for entry age. Magma HDI One Health Insurance policy is available as an individual and family floater plan wherein you can cover your spouse, dependent children, dependent parents, dependent parents-in-law, dependent grandchildren, dependent sister, and dependent brother. To know more about the plan read the article in detail.

Magma Health Insurance Detailed Review

Magma HDI One Health Insurance Plan

Magma HDI One Health Insurance Plan Specifications

To understand Magma HDI One Health Insurance Plan Insurance in detail, take a look at the below table:

Entry Age

Minimum: 18 Years Children: 91 Days to 26 Years

Policy Type

Individual and Family Health Insurance

Sum Insured

2 L | 3 L | 4 L | 5 L | 10 L | 15 L | 20 L | 25 L | 30 L | 50 L | 1 Cr

Initial Waiting Period*

30 days Days

Renewability

Lifelong

Policy Term

1, 2, 3 years

*Initial Waiting Period is the time period between the issuance of the policy and the time it starts actively. During this period, a policyholder has to wait to avail of the benefits offered under a health insurance plan.

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Choose Your Magma HDI One Health Insurance Plan

With wide coverage options available, Magma HDI One Health Insurance Plan Insurance Plan allows you to choose your ideal coverage as per your family’s health requirements. Take a look at the coverage under every SI option available and choose your ideal coverage:

In-patient & Out-patient coverage

Room Rent

Covered

ICU Charges

Covered

Pre-Hospitalization

Covered

Post-Hospitalization

Covered

Domiciliary Hospitalization

Covered

Daycare Treatment

Covered

OPD Charges

Covered

Coverage Terms

COVID-19 Treatment

Covered

Cataract

Covered

No Claim Bonus

Covered

Automatic Restoration

Not Covered

Daily Hospital Cash

Covered

Organ Donor

Covered

Maternity Cover

Covered

New Born Baby Cover

Covered

Alternative Treatments

AYUSH Treatment

Covered

IVF Treatment

Covered

Modern Treatment

Covered

Emergency Coverage

Ambulance

Covered

Air Ambulance

Covered

Compassionate Travel

Covered

Global Coverage

Not Covered

Wellness Programmes

E-Consultation

Covered

Health Check-Up

Covered

Second Medical Opinion

Covered

Vaccination

Covered

Limitations

Co-payment

Covered

Sub-limits

Not Covered

What is Room Rent?

The room rent limit is the maximum bed charge you can claim if you are hospitalised. Common Room categories covered under room rent are all kinds of rooms including single, private and AC rooms (except suite).

What are ICU Charges?

It is a special hospital department where patients with serious medical conditions are treated.

What is Pre Hospitalization?

Medical expenses incurred before hospitalisation of the policyholder.

What is Post Hospitalization?

Medical expenses incurred after the discharge of the policyholder from the hospital.

What is Domiciliary Hospitalization?

Domiciliary hospitalization or home care treatments are the arrangements for an insured individual due to the unavailability of medical amenities in hospitals, or in a case where an insured member can not be admitted to the hospital due to an inability. The treatment should last equal to or more than 72 hours to get financial coverage.

What is Daycare Treatment?

Treatments that can be completed within 24 hours of hospitalization like blood dialysis, cataracts, etc.

What are OPD charges?

Covers the cost of doctor consultations and prescribed medical tests that may not require hospitalization. .

What is COVID-19 Treatment?

It includes the treatment cost for COVID-19 with a confirmative diagnosis from a government-approved centre.

What is Cataract Treatment?

A common eye condition in which your vision gets blurred due to cloudy formation in your eyes.

What is a No-Claim Bonus?

For every claim-free year, insurance companies reward policyholders with an increase in the sum insured amount as a no-claim bonus or cumulative bonus on policy renewal. However, in the case of a claim, this bonus amount either lapses or is reduced by a certain percentage varying from one plan to the other.

What is Automatic Restoration?

It is a benefit in which an insurance company restores the amount of sum insured completely or up to a certain percentage after it gets fully exhausted in treatments. This restoration amount may vary from one plan to the other.

What is Daily Hospital Cash?

Daily hospital cash or Hospicash is a cash amount that you receive each day during the time of hospitalization to cover your non-medical expenses.

What is an Organ Donor Cover?

It is a cover that includes the cost of the procedure for removing the damaged or malfunctioning organs from the body. In most of the cases, the insurer pays for the hospitalization and transplant expenses for both the parties i.e. the donor and the receiver.

What is a Maternity Cover?

It refers to the cover that includes expenses for normal and c-section deliveries.

What is a New Born Baby Cover?

It takes care of the medical expenses that arise due to the hospitalisation of the newborn baby in case of any childbirth complications, medical challenges, and so on. Some of the common treatments that are covered under the newborn cover and these common treatments can vary from plan to plan:

  • Congenital anomaly (conditions since birth)
  • Acute condition
  • Chronic condition
  • Premature delivery
  • Birth asphyxia
  • Daycare treatment
What is AYUSH Treatment?

Refers to the cost of medicines and procedures used under AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homeopathy) treatment.

What is IVF Treatment?

In Vitro Fertilization (IVF) is a method of assisted reproductive technology. The common expenses incurred under IVF and infertility treatments are settled or reimbursed for:

  • Full infertility
  • No fertility
  • Infertility diagnosis
  • Infertility diagnosis and limited fertility treatment
  • Medication (which may or may not include fertility drug prescriptions)
What is a Modern Treatment?

Medical treatments that demand the use of modern technology and advanced machinery such as robotic surgeries, stem cell therapy, etc.

What is an Ambulance Cover?

An ambulance is used to move the patient from home to the hospital, transfer them to another hospital, and take them for different tests outside the hospital.

What is an Air Ambulance?

Air ambulances are specially prepared planes that transfer the patient from one place to another in case of a health emergency.

What is Compassionate Travel?

Refers to the travelling expenses of a family member who’s visiting the hospital to look after the patient when the policyholder gets admitted to a hospital outside his/her residential city.

What is Global Coverage?

Any kind of medical/health emergency when you are outside of India is covered for hospitalization expenses, modern and specific treatments, etc.

What is E-Consultation?

If a policy offers e-consultation it allows policyholders to connect with a doctor for medical consultation through video chat, audio call, or chatbot.

What is a Health Checkup?

A facility where the policyholder can avail of free health check-ups after fulfilling the company's eligibility criteria. In most cases, the insured member/s gets an annual health check-up cover.

What is a Second Medical Opinion?

If the policyholder wants, they may opt for a second medical opinion wherein the policyholder can consult another doctor within the company’s network of medical practitioners.

What is Vaccination cover?

Coverage against the expenses incurred on vaccinations of either the newborn baby, for an animal bite, etc is provided by the insurance companies.

What is Co-payment?

In the co-payment clause, policyholders have to pay a preset amount (either compulsorily or voluntarily) of the hospitalisation expense on their own and the insurer will pay the rest of the medical bill amount.

What is the Sub limit?

Sub limit is a condition in which the insurer will have to pay the medical expense up to a certain percentage and the remaining amount will have to be paid by the policyholder. For instance, if your policy covers room rent for upto 20% of the sum insured, but the expense of the same is more than 25%, you will have to pay the rest amount, i.e. 5%, for your room rent.

Sample Premium Illustration for Magma HDI One Health Insurance Plan

To understand how much premium is payable towards the Magma HDI One health insurance plan refer to the premium tables mentioned below for all variants of the plan:

One Health Support

Sum Insured (In Rs.) 2 L 3 L 4 L 5 L
Premium (In Rs.) 3,615 4,170 4,681 5,116

One Health Secure

Sum Insured (In Rs.) 2 L 3 L 4 L 5 L 7.5 L 10 L
Premium (In Rs.) 4,152 4,623 5,007 5,347 5,968 6,450

One Health Support Plus

Sum Insured (In Rs.) 2 L 3 L 4 L 5 L 7.5 L 10 L
Premium (In Rs.) 4,947 5,403 5,718 6,065 6,606 7,012

One Health Shield

Sum Insured (In Rs.) 10 L 15 L 20 L 25 L 30 L 50 L
Premium (In Rs.) 9,467 10,787 11,396 11,965 12,430 13,732

One Health Premium

Sum Insured (In Rs.) 15 L 20 L 25 L 30 L 50 L 1 Cr
Premium (In Rs.) 16,460 17,417 18,161 18,745 20,342 22,687

Magma HDI One Health Insurance Plan Exclusions

Permanent Exclusions

Permanent diseases or health conditions that are not included under the Magma HDI One Health Insurance plan are mentioned below:

Treatments for alcohol abuse.

Treatment for substance abuse.

Any alternative treatment except benefit under AYUSH treatment.

Treatment for any injury related to unlawful activity.

Treatment for injury due to war, nuclear or chemical contamination.

Coverage after Waiting Period

Pre-Existing Diseases 24/36/48 Months

Listed ailments 24 Months

Conclusion

Magma HDI One Health Insurance policy is a versatile health insurance plan with a plethora of base coverage and optional coverage options along with wellness benefits. It is an ideal health insurance plan for individuals who want to customize their health insurance plan as it is available in 5 different variants and can be customized in terms of sum insured and features.

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

Magma HDI One Health Insurance Plan: FAQs

1. What are the sum insured options available under the Magma HDI One Health Insurance Plan?

The sum insured options available under the plan range between 2 Lakhs to 1 Crore split through 5 different plan variants namely, One health support, One health secure, One health support plus, One health shield, and One health premium that can be opted by customers as per their needs and requirements.

2. What are the eligibility criteria required under the Magma HDI One Health Insurance Plan?

The eligibility criteria required for Magma HDI One health Insurance plan is 18 years to no maximum limit for adults and 91 days to 26 years for dependent children.

3. What are the optional covers available with Magma HDI One Health Insurance Plan?

The optional covers available with Magma HDI One health insurance policy are: Critical Illness Cover Personal Accident Cover

4. Do customers get tax benefits with Magma HDI One health insurance policy?

Yes, customers are eligible to avail tax benefits with Magma HDI One health insurance policy as per the Income Tax Act of India, 1961.

5. Is there a co-pay clause applicable to Magma HDI One health insurance policy?

Yes, a voluntary co-pay of 10% and 20% is applicable with the plan.

Explore Magma Health Insurance

Magma HDI Claim Settlement Ratio

Magma HDI Claim Settlement Ratio

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Simran Kaur Vij

Written By: Simran Kaur Vij

Simran is an insurance expert with more than 4 years of experience in the industry. An expert with previous experience in BFSI, Ed-tech, and insurance, she proactively helps her readers stay on par with all the latest Insurance industry developments.

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