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Magma Health Insurance


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96.84%

Claim Settlement Ratio

10,000+

Network Hospitals

8.1

Overall Rating

Magma Health Insurance

Our Verdict About Magma Health Insurance

Magma HDI offers solid, all-round health coverage with wide options and modern features.

What We Like

8,600+ network hospitals and lifetime renewability

Add-ons like critical illness and wellness benefits

Covers hospitalisation, daycare, and donor expenses

Sum insured from ₹2 lakh to ₹1 crore

Areas of Improvement

Premiums can be higher for rich cover plans

Sub-limits and co-pay in lower variants

Waiting periods for pre-existing diseases

Final Verdict

Magma Health Insurance offers flexible plans for families, seniors, and individuals, with a good hospital network and fair claim ratios. It delivers strong value for those wanting comprehensive cover , modern treatment inclusion, high sum...

Magma Health Insurance

Top Magma Health Insurance Plans

OneHealth Plan

OneHealth Plan

  • Pays for pre and post-hospitalisation tests, medicines, and follow-ups

  • Offers automatic restoration of cover and no-claim bonus

Most Popular

Arogya Sanjeevani Plan

Arogya Sanjeevani Plan

  • Includes daycare procedures not needing overnight stay

  • Affordable, beginner-friendly health insurance

Arogya Rakshak Plan

Arogya Rakshak Plan

  • Affordable for students, young employees, and first-time buyers

  • Low-cost plan with essential health coverage

Magma Health Insurance

Other Magma Health Insurance Plans

OneHealth Senior Plan

OneHealth Senior Plan

  • Offers lifetime renewals for continuous protection

  • Entry age 56+, with no maximum age limit for renewals

Magma Health Insurance

About Magma Health Insurance

Magma Health Insurance is the healthcare arm of Magma General Insurance, widely known as Magma HDI. It came up as a joint venture between India’s Magma Fincorp (now Poonawalla Fincorp) and Germany’s HDI Global SE,...

Magma Health Insurance

Magma Health Insurance Rating

Overall Rating

8.1

out of 10

Solvency

2.8/4

ICR

1.9/3

Growth

3.4/3

Performance Index

Gross Direct Premium

Magma Health Insurance

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Industry Average

0Cr

Magma Health Insurance

Industry Average

Performance Index

ICR%

Magma Health Insurance

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Industry Average

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Magma Health Insurance

Industry Average

Magma Health Insurance

Customer Testimonials

Real experiences from our valued customers who have chosen our insurance coverage.

OneAssure helped me understand my needs and choose a product that was right for me. There was no pressure tactics or mis-selling. This experience was respectful, informed, and completely stress-free.

Shreya Goyal

My heartfelt thanks to the OneAssure team for making my insurance claim process effortless. Right from the very first interaction, they demonstrated professionalism, clear communication, and an impressive command of the procedures involved. Their swift updates, timely guidance, and persistent follow-through removed all the stress from what could have been a complicated experience.

Anju Renjith

Had a great experience with them during a difficult time. After my mother’s accident, we had to pay the hospital bill upfront, as cashless wasn’t available. They guided us through the reimbursement process, helped file the claim, and consistently followed up with the insurer until it was settled. Their support with the post-hospitalization claim was equally prompt and thorough.

Jatin Gala

I recently had the pleasure of purchasing health insurance for my parents through this company, and my experience has been exceptional...The team was incredibly patient and took the time to explain every detail to me. No matter how many times I asked questions, they were always calm and thorough in their explanations. Their professionalism and dedication made a significant difference in helping me make an informed decision.

Akash Kumar

I am truly grateful for the support and guidance I received in settling my insurance claim. The entire process was handled with great professionalism, clarity, and efficiency. Their prompt response, deep knowledge of the procedures, and consistent follow-ups ensured a smooth and hassle-free experience.

Thank you once again for your invaluable help – highly recommended!

Yogesh Meena

Magma Health Insurance

Pros and Cons

Pros

Cons

Magma Health Insurance

Need help finding the right health plan?

Our experts offer personalised recommendations tailored to your age, family size, and health profile, ensuring you select the ideal coverage

Magma Health Insurance Types

Individual Health Insurance

It provides coverage for just one person. It pays for medical expenses like hospitalisation, treatment, and doctor’s fees.

Family Floater Health Insurance

It protects the entire family under one policy. The insured amount can be shared by any member whenever needed.

Group Health Insurance

It is usually offered by companies to their employees. It gives health cover to many people together under a single plan.

Top-Up and Super Top-Up Plans

It adds extra protection when your main health insurance limit is crossed. It pays the additional hospital bills beyond your basic policy.

Senior Citizen Health Plans

It is specially designed for older people. It supports higher medical needs and reduces the stress of big hospital expenses.

Personal Accident Insurance

It provides financial support in case of accidents. It covers hospitalization costs and may also offer compensation for related losses.

Documents Required

ID Proof

Aadhaar Card, PAN Card, or Passport

Address Proof

Utility Bill, Voter ID, or Driving License

Age Proof

Birth Certificate, School Certificate, or Driving License

Recent Photographs

Passport-size photos for identification

Income Proof

Required for high sum insured plans (Salary Slip, ITR, or Form 16)

Magma Health Insurance

Claim Settlement Process

Quick and hassle-free claim settlement with dedicated support to ensure timely approvals and smooth hospital experiences

1-5 of 6 Process

Magma Health Insurance

Renewal Process

Easily renew your policy online or offline to enjoy uninterrupted health coverage

Magma Health Insurance Network Hospitals

10,000+

Network hospitals across the country for cashless treatment

700+

Cities covered nationwide for easy access to quality healthcare

700+

States and union territories ensuring comprehensive coverage

Magma Health Insurance

Features Comparison

Senior Citizen Health Plan

Senior Citizen Health Plan

  • Secure against age-related medical costs

  • Tailored for seniors healthcare needs

Most Popular

Family Health Plan

Family Health Plan

  • One policy covers the entire family

  • High sum insured with cashless care

  • Multiple coverage options based on your family needs

Maternity Health Plan

Maternity Health Plan

  • Covers delivery, newborn care, and maternity expenses

  • Reduces financial stress of childbirth costs

Magma Health Insurance

How to Buy Magma Health Insurance?

Follow these simple steps to purchase your Magma Health Insurance health insurance policy and secure comprehensive coverage for you and your family.

Things to Remember

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    Still Confused? Get Expert Guidance

    Our insurance experts can help you compare plans and find the best coverage for your needs

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    Frequently Asked Questions

    Get answers to common questions about our insurance policies and services.

    1-5 of 20 FAQs