Magma HDI One Health (Premium) is a health insurance policy offered by Magma HDI General Insurance Company Limited. A health insurance plan promises to pay for hospitalization expenses as well as expenses incurred before and after a hospitalization. When it comes to protecting your family's health, selecting the right health insurance plan is crucial. With this plan, you can have access to a wide range of benefits and features that cater to all your healthcare needs, ensuring that you can prioritize your well-being without the worry of exorbitant expenses.
This plan provides extensive coverage including bariatric surgery, infertility treatment, etc. along with hospitalization and other related expenses. However, it's worth noting that it imposes sub-limits on specific treatments like cataract, which can lead to higher out-of-pocket expenses. Further, this plan is comparatively more expensive than other options in the market and lacks the flexibility of monthly premium payments. 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.
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