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  • CASHLESS GARAGES 4,000
  • CLAIMS SETTLED 97.10%
Key Features:
  • Right Green Tick Covers Third Party Person
  • Right Green Tick Covers Third Party Property

Top MAGMA Car Insurance Plans

PLAN TYPE: Comprehensive
Starting From 2094
PLAN TYPE: Third Party
Starting From 2094
PLAN TYPE: Own Damage
Starting From 1970

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  • Maruti
  • Hyundai
  • Honda
  • Toyota
  • Mahindra

Which city is your car registered in?

  • Ahmedabad
  • Bangalore
  • Chandigarh
  • Chennai
  • Gurgaon

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About Magma HDI General Insurance

Magma HDI is a general insurance company established in 2009 as a joint venture between Magma Fincorp Limited and HDI-Gerling Industrie Versicherung AG. The company operates in India with more than 135 branches and 5 zonal offices. It aims to fulfil the needs and requirements of the stakeholders of the company and aspire to provide all the services required and demanded by the consumers.

The company directs its focus to both rural and urban areas and comes up with products for rural and semi-urban populations. Consumers can get the answers to their queries and can gain access to essential information via the responsive Customer Service and support helplines of Magma HDI. It is a trustworthy insurance company with a track record of providing hassle-free claim settlements. The insurance company is not limited by the boundaries of urban geographical locations as it continues to expand its geographical reach.

Magma HDI Car Insurance

Magma HDI offers a complete portfolio of insurance products that are required by a majority of individuals and corporates. It sells two types of car insurance policies namely third party liability car insurance policies and comprehensive car insurance policies. The intent of offering third party policy is to protect its policyholders against any financial liability towards third parties, arising out of an accident with the involvement of your car, leading to any bodily injury or death of a person and any damage caused to the third-party property, whereas, the comprehensive plan offers cover against any damage to or loss sustained by your car due to an accident, mishap or any calamity.

The general insurance company also offers a wide range of add-on covers like depreciation reimbursement cover, return to invoice cover, engine cover, key cover, roadside assistance cover, and so on, which can be purchased at an extra premium along with comprehensive car insurance policies. In addition to this, it also offers a personal accident cover for individual owners while driving, however, it is available only if the owner holds a valid driving licence. The insurer renders affordable car insurance products and an easy and hassle-free claim settlement process with some discount deals like anti-theft devices, AAI membership, no claim bonus and so on.

Significant Points of Magma HDI Car Insurance

Features

Coverage

Founding Year 2009
Network Garages 4000
Claim Settlement Ratio 97.10%

Third Party Property Damage

Up to Rs. 7.5 Lakh

Own Damage Cover

Coverage for Own Car for Its Loss and Damage

Personal Accident Cover

Up to Rs. 15 Lakh for Owner-Driver

Add-on Covers

8 Add-on Covers

Claim Assistance

24/7 Claim Assistance

Magma HDI Car Insurance Benefits

  • Compensation for bodily injury of a third party travelling in a vehicle or walking on the road
  • Unlimited liability cover in case of death of third party
  • Optional personal accident cover of up to Rs 15 lakh for the policyholder
  • Policy cover for damages/theft of the insured vehicle
  • No Claim Bonus (NCB) discount of up to 50% for claim-free years
  • Discount on installing ARAI-approved anti-theft devices and also on being a member of the Automobile Association
  • Online renewal process and easy claim initiation
  • Cashless claim services in over 4,000 authorised workshops.
  • Availability of a range of add-on covers such as Zero Depreciation, Engine Cover, etc.
  • Round the clock 24*7 customer support from the toll-free helpline
  • Instant grievance redressal
  • Online service to locate the nearest cashless garage

References

  • https://www.magmahdi.com/products/motor-insurance
  • https://www.magmahdi.com/products/motor-insurance/stand-alone-od-private-car

Magma Car Insurance User Reviews

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What users are saying
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  • Third Party
  • Own Damage
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  • Cashless Garages
  • Price
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  • Policy Download
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  • Claim
  • Add On
  • Flexible payment modes

    InsuranceDekho offers flexible modes of payment. I purchased a Magma HDI car insurance policy from them for my Toyota Yaris car and made the payment online within a few easy steps.

    A
    By Amit Yadav
    On: July 10, 2020
  • Thank you team for suggestion

    InsuranceDekho helped me buy a Magma HDI car insurance policy for my Hyundai Santro car in a few minutes. I like the policy benefits and would like to thank the team for the great suggestion.

    J
    By Jayant Rajput
    On: July 9, 2020
  • Thanks for the help team!

    I really want to thank the team at InsuranceDekho who helped me buy Magma HDI car insurance policy or my Skoda Rapid car in a few simple steps online. I really liked the policy and I am satisfied with the benefits.

    N
    By Naman Rishi
    On: July 3, 2020
  • Great customer support

    Magma HDI’s car insurance policy is great. I purchased it for my Hyundai Santro car last week from InsuranceDekho and the policy covers my car against many benefits. I really liked the policy and InsuranceDekho’s services.

    R
    By Reyansh Arora
    On: July 2, 2020
  • Renewal in just a few minutes

    I purchased Magma HDI car insurance policy from InsuranceDekho for my Chevrolet Beat car and recently renewed it from them only. The process was really smooth and quick.

    A
    By Abhinav Kapoor
    On: June 26, 2020
  • Easy to make claim under my c...

    It was not only easy to purchase Magma HDI car insurance policy online from InsuranceDekho for my Ford Aspire car but also to make a claim under it.

    B
    By Bobby Gogoi
    On: June 25, 2020
  • Renewed my plan in minutes

    The policy renewal process takes just a few minutes at InsuranceDekho for my Magma Insurance firm with which I could get my Hyundai Grand i10 car. It was an awesome experience.

    L
    By Lalit Singhal
    On: June 4, 2020
  • Swift claim settlement

    I got my Magma insurance plan, which I purchased to cover my Tata Harrier, easily settled with the help of InsuranceDekho executives. They have full knowledge of the processes and insurers.

    V
    By Vishal Bhandari
    On: June 2, 2020
  • Got insurance plan in minutes

    I have a Magma insurance plan that I got in a few minutes from InsuranceDekho for my Honda Amaze car. I am very amazed and happy with the issuance process of the insurance platform.

    H
    By Hina Goel
    On: May 29, 2020
  • Availability of paperless oper...

    I did not require any paperwork for buying, requesting a claim, and renewing my plan with Magma insurance that I bought for my Hyundai Creta car. Thanks to InsuranceDekho.

    K
    By Karan Kale
    On: May 27, 2020

Magma HDI Car Insurance FAQs

  • How can I get the Magma HDI motor insurance policy wordings?

    Visit the company’s official website and scroll down to the ‘Info Center’. Click on ‘Downloads’ and then expand the ‘Motor Insurance’ section by clicking on the ‘+’ icon. Look out for the type of motor insurance policy you want and click on that. The download will start automatically.
  • What is the maximum NCB discount offered by Magma HDI?

    The maximum NCB discount is 50% on the own-damage premium of the insurance policy which is available against 5 claim-free years.
  • Is there any option to expand the coverage to other geographical areas?

    Yes, the policy cover can be expanded to other geographical areas such as neighbouring countries (Pakistan, Bangladesh, Bhutan, Nepal, Srilanka) by paying an extra premium along with the submission of an endorsement.
  • How much discount is offered for installing ARAI approved anti-theft devices?

    The company offers a discount of 2.5% on the OD (Own Damage) premium to a maximum of Rs.500 if you have installed ARAI-approved anti-theft devices in your vehicle.
  • What is CTL?

    CTL stands for constructive total loss. It is a condition when the repair cost exceeds 75% of the Insured Declared Value (IDV) of the vehicle.

Car Insurance News

#Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.