Magma Health Insurance
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96.84%
Claim Settlement Ratio
10,000+
Network Hospitals
7.9
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 insured and good flexibility. It stands out for upscale features and wide choice of variants.However,...
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 Plans
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
Includes daycare procedures not needing overnight stay
Affordable, beginner-friendly health insurance
Arogya Rakshak Plan
Affordable for students, young employees, and first-time buyers
Low-cost plan with essential health coverage
Magma Health Insurance
Other Magma Plans
OneHealth Senior Plan
Offers lifetime renewals for continuous protection
Entry age 56+, with no maximum age limit for renewals
Magma Health Insurance
About Magma
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, a part of the Talanx Group based in Hannover. The company is focused on providing...
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 Rating
Overall Rating
7.9
out of 10
Solvency
3.1/4
ICR
1.9/3
Growth
2.9/3
Performance Index
Gross Direct Premium
Magma
0Cr
Industry Average
0Cr
ICR%
Magma
0%
Industry Average
0%
Magma
Industry Average
Magma Health Insurance
Customer Testimonials
Real experiences from our valued customers who have chosen our insurance coverage.
Have been associated with Ruchir and his team… They have provided me excellent guidance in choosing the right plans for myself and my family…
…always been available to assist with any insurance/claim queries.
Nakul N
I want to sincerely thank Sunad for being there for me throughout the entire claim process. He helped me through so many ups and downs, always patient and ready to support when things got tough. I honestly don’t know how I would have managed without his guidance and encouragement. Sunad made a difficult situation feel a lot less stressful, and I’m truly grateful for his kindness and steadfast help.
Prashant Pandey
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
Magma Health Insurance
Pros and Cons
Pros
Covers 540+ daycare and modern treatments.
Includes maternity, newborn, and AYUSH benefits.
Smaller hospital network than major insurers.
Longer waiting period for some conditions.
Wide coverage options (₹2 L–₹1 Cr) for all needs.
Free health check-ups and wellness rewards.
Strong claim settlement ratio (~95%).
Cons
Occasional claim or service delays reported.
High-end features only in premium plans.
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 Types
Documents Required
Magma Health Insurance
Claim Settlement Process
Quick and hassle-free claim settlement with dedicated support to ensure timely approvals and smooth hospital experiences
Magma Health Insurance
Renewal Process
Easily renew your policy online or offline to enjoy uninterrupted health coverage
Magma 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
Secure against age-related medical costs
Tailored for seniors healthcare needs
Most Popular
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
Covers delivery, newborn care, and maternity expenses
Reduces financial stress of childbirth costs
Magma Health Insurance
How to Buy Magma?
Follow these simple steps to purchase your Magma health insurance policy and secure comprehensive coverage for you and your family.
Things to Remember
Magma Health Insurance
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Our insurance experts can help you compare plans and find the best coverage for your needs
FAQs
Frequently Asked Questions
Got questions about health insurance? You’re not alone. Here are some of the most commonly asked questions to help you understand plans, coverage, claims, and benefits better.
Got questions about health insurance? You’re not alone. Here are some of the most commonly asked questions to help you understand plans, coverage, claims, and benefits better.










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