Magma HDI One Health (Secure) is a health insurance policy offered by Magma HDI General Insurance Company Limited. Health insurance is a type of insurance policy that covers hospitalization expenses incurred for any illness, accident, or injury. It acts as a protective shield for savings and healthcare, so you and your family can live a happy, fulfilling life. With Magma HDI’s One Health (Secure) Plan, you can ensure that you and your loved ones have access to the medical care needed without worrying about the financial burden of unexpected medical expenses.
This plan is significantly cheaper and a budget-friendly alternative to other products in the market. While it covers hospitalization and related expenses, and expenses associated with infertility treatment, bariatric surgery, etc., it doesn't provide comprehensive coverage. Further, it imposes sub-limits on treatments like cataract and doesn't allow you to pay the premium on a monthly basis. And, according to our research, the insurer has received a higher number of complaints in terms of policy purchase which indicates that you may not have a pleasant purchase experience. However, they have received fewer claim settlement complaints, suggesting that the insurer has a strong track record in terms of claims service.
Magma HDI General Insurance Company is a subsidiary of Adar Poonawalla's Rising Sun Group, with Sanoti Properties LLP holding a majority of the company’s shareholding. Other key shareholders are HDI Global SE, Celica Developers Private Limited, and Jaguar Advisory Services Private Limited. The company provides a variety of insurance products ranging from Motor, Health, Personal Accident, and Home Insurance in the retail space to Fire, Engineering, Liability, and Marine Insurance in the commercial space. It was founded in 2009 and is headquartered in Mumbai, Maharashtra. Mr. Rajive Kumaraswami is the company's CEO and MD.
Add 3 more plan to compare