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Magma General Insurance Limited (formerly Magma HDI General Insurance) is a general insurance company that provides health insurance solutions for individuals, families, senior citizens, and customers looking for higher medical coverage through super top-up plans.
Its product portfolio is centred around the OneHealth series, along with standard retail, group, personal accident, and disease-specific health insurance plans. Customers can also buy and renew policies online, access cashless treatment through an extensive hospital network, and customise selected plans with optional covers.
As a general insurance company, Magma offers a range of health insurance plans designed to meet the healthcare needs of individuals, families, senior citizens, and customers seeking additional coverage.
| Feature | Details |
|---|---|
| Health Insurance Plans | Individual, Family Floater, Senior Citizen, Super Top-up, Personal Accident, Group Health and Disease-specific plans |
| Sum Insured | Up to ₹1 Crore (plan dependent) |
| Cashless Network Hospitals | 12,600+ hospitals across India |
| Restoration Benefit | Up to 5 restorations in a policy year under eligible OneHealth variants |
| Annual Health Check-ups | Available under eligible plans |
| Modern Treatment Coverage | Covered under eligible plans |
| Room Rent Limit | No room rent cap under selected OneHealth variants |
| Lifetime Renewability | Available under eligible health insurance plans |
| Wellness Benefits | Available under OneHealth plans |
| Tax Benefits | Eligible under Section 80D of the Income Tax Act |
Magma General Insurance Company offers health insurance plans with features such as high sum insured options, cashless hospitalisation, restoration benefits, and wellness-focused coverage under eligible plans.
| Health Insurance Plan | Best Suited For | Available Variants | Coverage Options | Key Highlights |
|---|---|---|---|---|
| OneHealth | Individuals and families | Support, Secure, Support Plus, Shield, Premium | ₹2 lakh to ₹1 Crore | Comprehensive health cover with restoration benefit, wellness features, OPD benefits (selected variants), annual health check-ups, and multiple optional covers. |
| OneHealth Senior | Senior citizens (55 years & above) | Gold, Platinum | ₹3 lakh to ₹25 lakh | Designed for senior citizens with optional covers including reduced co-payment and enhanced post-hospitalisation benefits. |
| OneHealth Extra Cover | Customers with an existing health policy | Standard | ₹5 lakh to ₹1 Crore | Super top-up plan available with deductibles from ₹2 lakh to ₹20 lakh for additional medical protection. |
| Arogya Sanjeevani Policy | Individuals and families | Standard | As per IRDAI guidelines | Standardised indemnity health insurance plan with uniform benefits. |
| Individual Personal Accident | Individuals | Standard | Plan dependent | Financial protection against accidental death and permanent disability. |
| Saral Suraksha Bima | Individuals | Standard | Plan dependent | Standard personal accident insurance policy prescribed by IRDAI. |
| Double Suraksha | Individuals | Standard | Plan dependent | Hospital cash benefit with enhanced payouts for ICU stays and accident-related hospitalisation. |
| Saksham Health Insurance | Individuals with specified healthcare requirements | Standard | Plan dependent | Designed for customers requiring specialised health coverage. |
| Loan Guard | Borrowers | Standard | Loan linked | Lump-sum benefit on accidental death or specified critical illness to assist with outstanding loan repayment. |
Several Magma Health Insurance plans allow policyholders to strengthen their base policy with optional riders by paying an additional premium. The availability of these add-ons depends on the selected OneHealth variant.
Lump-sum payout on the diagnosis of specified critical illnesses.
Financial protection against accidental death and permanent disability.
Reimbursement for eligible outpatient consultations, pharmacy expenses, and diagnostic tests under selected variants.
Financial assistance for childbirth and related medical expenses after the applicable waiting period.
Medical expenses for a newborn from birth, subject to policy conditions.
Extends post-hospitalisation expense coverage under eligible plans.
Daily allowance for an accompanying family member during hospitalisation, where applicable.
Fixed benefit payable if hospitalisation results in temporary loss of income under selected variants.
Allows policyholders to opt for a co-payment in exchange for a lower premium.
Buying or renewing a Magma Health Insurance policy through Coverfox is simple and completely digital.
Eligibility varies across plans. For example, OneHealth is available for individuals from 91 days to 65 years, while OneHealth Senior is designed for customers aged 55 years and above. Entry age, renewal conditions, and sum insured options differ by product.
Choosing the right health insurance often comes down to comparing plans beyond just the premium. Coverfox lets you evaluate Magma Health Insurance alongside other insurers so you can make an informed decision.
Magma Health Insurance gives policyholders access to 12,600+ cashless network hospitals across India, making it easier to receive treatment without paying eligible hospitalisation expenses upfront. Cashless claims are available at empanelled hospitals after successful pre-authorisation and in accordance with the policy terms.
Disclaimer: The information provided on this page is for general informational purposes only. Policy features, benefits, coverage, premiums, waiting periods, exclusions, eligibility criteria, network hospitals, and claim settlement are subject to the terms and conditions of the specific Magma Health Insurance policy selected and the insurer's underwriting guidelines. Please refer to the official policy wording, prospectus, and policy schedule for complete details before purchasing, renewing, or making a claim.
Yes. The OneHealth series includes family floater variants with multiple sum insured options, restoration benefits, annual health check-ups, and optional maternity benefits under eligible variants.
OneHealth Senior is designed specifically for customers aged 55 years and above and is available in Gold and Platinum variants.
Yes. Pre-existing diseases are covered after the waiting period specified in the selected policy.
It depends on the variant. Selected OneHealth plans do not impose a room rent limit, while others may have room eligibility conditions.
Magma Health Insurance has a cashless network of 12,600+ hospitals across India.
You can search the hospital through the insurer's hospital locator or check the network hospital list on Coverfox by entering your city or PIN code.
The insurer aims to settle eligible claims within the timelines prescribed under the IRDAI regulations after receiving all the required documents.
Yes. Depending on your age, medical history, and the plan selected, a policy may be issued without a pre-policy medical examination. Additional underwriting requirements may apply in certain cases.
Yes. Eligible health insurance policies can be ported to Magma Health Insurance in accordance with the IRDAI portability guidelines.
Yes. Selected OneHealth variants offer optional maternity and newborn baby cover after the applicable waiting period.
Eligible OneHealth variants provide up to five restorations of the sum insured during a policy year, subject to the policy terms.
Claim status can be checked through the insurer's website using the OneHealth Claim Status service or by contacting customer care.
