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Magma HDI Health Insurance is a part of the Magma HDI General Insurance Company which offers several health policies to protect people with complete medical needs and coverage against numerous unforeseen costs related to health. Both individual and family floater plans are available under Magma HDI Health plans that serve the public with lifetime coverage against varied health needs including hospitalization costs.
Magma HDI General Insurance Company is established as a collaboration between Magma Fincorp Limited and HDI Global SE Germany. While Magma Fincorp is a renowned NBFC in India, HDI Global SE is a branch of multi-brand corporation named Talanx Group, which has presence in more than 150 countries across the globe.
The Magma HDI general insurance company offer a variety of insurance related products including commercial and retail insurance. The company has over 50 products in different categories such as:
They have presence over pan India with 135+ corporate offices across numerous Indian cities.
Magma HDI Health Insurance, the company offers:
In FY 2019-20, Magma HDI health insurance registered claim settlement ratio of 95.17%.
>> Buy Family Health Insurance Online
Key Features | Specifications |
Network Hospitals Available | 4300+ |
Waiting Period (Pre-existing Ailments) | 3 or 4 years |
Claims Settlement Ratio | 95.17% |
Policies Issued | 4477 |
Covid-19 cover | Yes |
Renewability | Lifelong |
* Year Data 2020-21
Below are few of the best benefits of availing Magma Health Insurance Plans.
Here are some of the top Magma Health Insurance Plans:
This is a all-inclusive health plan available under five variants, and cover your complete family against health emergencies. The plan comes in five variants – Support, Secure, Support Plus, Shield and Premium.
Eligibility:
Plan Variants
Benefits:
This is another comprehensive plan that cover against health emergencies coming out of accidents. Along with protection against cost of treatment, it also provides reimbursement for death/disability due to accidents. The plan is available in three variants, namely, Basic plan, Wider plan and Comprehensive plan.
Key features:
Benefits:
Below steps can be followed to purchase Magma HDI health insurance policy online:
Below are the steps to be followed for Magma HDI Health Insurance renewal:
Below are the steps to follow for filing a Magma HDI Health Insurance claim:
For Cashless Claim
For Reimbursement claim
The ratio of claims that are settled by an insurer during a policy year as against the complete claims that the insurer receives during the year is called Claim Settlement Ratio.
The Magma HDI claim settlement ratio for health insurance for the financial year 2020-21 was 95.17%.
Financial Year | Claim Settlement Ratio |
2018-2019 | 96.41% |
2019-2020 | 95.17% |
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