- About Coverfox
Magma HDI General Insurance Company is a joint venture between Magma Fincorp Ltd having a registered office in Kolkata and HDI Global SE from Germany.
Magma Fincorp has strong network penetration in rural India
Magma HDI General Insurance provides a comprehensive insurance option to private cars, two wheelers and commercial vehicles.
The policy offers a comprehensive protection along with mandatory third party coverage requirement as per India Motor Vehicles Act, 1988. The cover includes protection against natural and man-made calamities. Furthermore, the insurance policy coverage can be enhanced for extra premium with add-on covers such as personal accident, additional legal liabilities, bifuel-kit, return to invoice, key replacement cover, engine protection, loss of personal belonging, NCB protection, and basic road side assistance.
The two wheeler insurance package helps to safeguard your prized two wheeler against financial loss from natural and man-made calamities. The policy comes with mandatory third party liability cover. The protection can be enhanced by adding Personal accident cover an optional add on cover for an extra premium.
There are two health plans offering by Magma HDI General Insurance i.e. One Health and Individual Personal Accident Policy.
Magma HDI general insurance offers a comprehensive health plan to protect you and your family. The one health plan is designed to cover all the health care needs under one plan. The plan comes with four variants of different sum assured to support the individual health insurance needs for present and future. The plan’s protection can be further enhanced with optional covers for creating a cover as per one’s needs. The plan is available for 1, 2 or 3 year tenure. Discount is available on single premium payment for 2nd and 3rd year. The plan also has Ayush cover for non-allopathy treatments like Ayurveda.
|One Health Plan Variant||Sum Insured options|
|Support||2 lacs / 3 lacs / 4 lacs / 5 lacs|
|Support Plus||2 lacs / 3 lacs / 4 lacs / 5 lacs|
|Shield||5 lacs / 7.5 lacs / 10 lacs / 15 lacs|
|Premium||20 lacs / 30 lacs / 40 lacs / 50 lacs|
Additional Covers option available for extra premium under One health plan
Individual Personal Accident Policy
Magma Individual Personal accident policy provides you a financial shield against the risks of unforeseen accidents. The policy has three variants basic, wider and comprehensive.
|Permanent Total Disablement||No||No||Yes|
|Permanent Partial Disablement||No||No||Yes|
|Temporary Total Disablement||No||No||Yes|
Additional Optional covers can be added to the base plan for enhanced protection.
Download Claim Form from the company website
Intimate a claim on 1800 30023202
Document to be submitted for Individual Personal Accident Policy
Magma HDI general insurance is a robust joint venture between two strong players in the financial sector. It has a strong rural presence in India and offers a range of non-life insurance products. Its auto insurance segment plans are simple to understand and offers good comprehensive cover for both private and commercial vehicles.
Claims Ratio for Financial Year 2018-19:
Registered Office address:
24, Park Street,
Kolkata, Pincode – 700016
Head Office address:
Rustomjee Aspire, 4th Floor,
Off Eastern Express Highway,
Imax Dome Theatre Road,
Sion East, Mumbai – 400 022
Toll Free Number: 1800 3002 3202
Email id: firstname.lastname@example.org
What are the documents required at the time of motor insurance claim?
The document list may defer from case to case but the main documents required are listed below:
Why do I need Insurance?
Insurance is a hedge against the occurrence of any unexpected incidents. Having Insurance shields you against the risks that may put a financial burden on you and your business.
What are the exclusions under a private car insurance package policy?
For full details on exclusions always read the policy document carefully. Below are some of the common exclusions for which your claim may get rejected: