How can I get the Magma 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?

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.

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.

Magma Car Insurance

CASHLESS GARAGES 4,000
CLAIMS SETTLED 97.10%

Key Features:

Covers Third Party Person
Covers Third Party Property

Top MAGMA Car Insurance Plans

Magma Car Insurance

PLAN TYPE: Comprehensive

Starting From ₹ 2094

Magma Car Insurance

PLAN TYPE: Third Party

Starting From ₹ 2094

Magma Car Insurance

PLAN TYPE: Own Damage

Starting From ₹ 1970

Calculate Your Car Insurance Price Online

Select your car brand

Brand

Maruti
Hyundai
Honda
Toyota
Mahindra

Which city is your car registered in?

Ahmedabad
Bangalore
Chandigarh
Chennai

City

When did you buy your car?

Year

Disclaimer: Actual Premium might vary basis your location, age and number of members

About Magma General Insurance

Magma is a general insurance company established in 2009. 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. 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 Car Insurance

Magma 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 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 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

Magma Car Insurance User Reviews

5.0

Rating based on

91 User reviews

Write your review

What users are saying

All
Most Helpful
Comprehensive
Zero Depreciation
Third Party
Own Damage
Renewal
Cashless Garages
Price
Premium
Policy Download
Customer Care
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
K
By Karan Kale
On: May 27, 2020
Zero use of paper in processes
I did not require to go through any paperwork to get any insurance process. Magma Insurance is a great insurer which gave me all its services for my Maruti Wagon R car through digital systems.
Read More
R
By Rohit Gurnani
On: May 21, 2020
Quick Claim settlement
I got my insurance claim in a few minutes from Magma Insurance. The insurer has been insuring my Hyundai Santro for more than 2 years.
Read More
H
By Hemant Khatri
On: May 19, 2020
Hi-tech insurance services
The Magma General Insurance firm provided me with insurance services at a click without any type of paperwork. I have its own-damage policy for my Maruti Swift Dzire.
Read More
A
By Ashish Sahni
On: May 15, 2020
Exceptional solutions offered
I am surprised and happy to find such great car insurance services for my Ford Figo car. Thanks to Magma car insurance plan for offering such exceptional solutions.
Read More
A
By Abhishek Oberoi
On: May 13, 2020
Settles my claim easily
I was very impressed with the claim settlement procedure of Magma insurance. I hold its policy to secure my Maruti Suzuki Baleno car and get my claim very quickly and easily.
Read More
D
By Deepak
On: May 11, 2020
Quality quotes to choose from
There are many car insurance quotes made available by Insurance Dekho to compare them and select the best among them. I chose its Magma car insurance plan for a Honda Amaze car.
Read More
J
By Jia Mehta
On: May 7, 2020
Services at a good price
The Magma insurance firm gave me the best car insurance services at the most reasonable rates. I purchased its plan for my Mahindra Bolero Power Plus.
Read More
N
By Neeraj
On: April 30, 2020
Prompt and paperless operation...
I do not have to produce any paper or go through any paperwork to purchase, request a claim, or renew my plan at Magma general insurance, that I bought for my Hyundai Creta car.
Read More
K
By Karan Doblekar
On: April 28, 2020
Add-on benefits available
The Magma Insurance Company offers a lot of add-ons to its customers that assist them to secure their cars in a better manner. I have their policy for my Tata Nexon.
Read More
D
By Deepanshu Luthra
On: April 24, 2020
Great customer care services
The support services of Magma Insurance firm has been magnificent. Their teamwork every day which helps me clear all my doubts related to my Maruti Alto K10 car’s insurance whenever I want.
Read More
A
By Amit Jha
On: April 22, 2020
Renewal process in no time
I could easily renew my Magma insurance policy that I bought for my Toyota Camry car in just 2 steps and no time at insurancedekho.com. I highly appreciate this service.
Read More
K
By Kaveesh Oberoi
On: April 20, 2020
Easy to pay methods
Magma insurance firm holds several payment methods to pay while purchasing or renewing a plan. I bought this plan for my Honda Amaze car.
Read More
A
By Amit Bhulani
On: April 16, 2020
Swift policy issuance
The Magma Insurance Company issued the car insurance plan for my Tata Tiago car in just a few minutes. I am quite happy with their prompt services.
Read More
K
By Kedar Sharma
On: April 14, 2020
Great service
it was good assistance from your side in getting my insurance claim of theft vehicle. thank you
S
By Suraj Yadav
On: April 13, 2020
Many modes to pay
The Magma Insurance policy gave me several payment options to pay for the insurance purchase and renewal process of my Maruti S-Presso.
Read More
K
By Kanishk Malhotra
On: April 8, 2020
Simple and secured payment
With Insurance Dekho, I got various easy payment options that assisted me in paying for my car insurance plan of Magma Insurance for my Toyota Etios Cross.
Read More
P
By Prateek Khare
On: April 6, 2020
Offers the best advice
I bought a car insurance policy for Magma on the advice of the Insurance Dekho team. They helped me with a plan that exactly suits my requirements.
Read More
U
By Umang Deshmukh
On: April 2, 2020
Quick claim settlement
I had a Magma insurance plan. But didn’t know about the claim settlement process. The Insurance Dekho team helped me out in getting my claim at the earliest then.
Read More
T
By Tanuja Verma
On: March 31, 2020
Value-adding Website
The insurancedekho.com website is a place that adds value to your life. It brings all car insurance-related solutions for you at a click.
Read More
A
By Animesh Prasad
On: March 27, 2020
Superb experience
I wanted to buy a Magma car insurance policy. I must say that I got complete support from the InsuranceDekho team. All my queries were answered. Also, the purchase process was easy and hassle-free.
Read More

By Tauseef Ansari
On: March 25, 2020

Magma Reviews

Magma Car Insurance FAQs

How can I get the Magma 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?
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.

FAQ

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