Magma HDI, with the vision to become a top and responsible general insurance company, offers several insurance products to cater to the insurance needs of individuals. The company has many online options such as automatic call request, claim registration, network garage locator, and so on. Individuals can access information about any of the plans offered by the company by downloading the product brochure or prospectus.
Each of the insurance categories and the plans offered by the company is given below:
The motor insurance plans offered by Magma HDI include plans for private as well as commercial cars and two-wheelers. Motor Act Only policies in addition to package policies are available under the insurer. Individuals can opt for motor insurance add-ons if they wish to enhance the base coverage.
The general insurer offers three health insurance products – a comprehensive insurance plan, a loan liability plan that will help family members clear the policyholder’s debts in case the life insured falls ill, and a personal accident plan. Prospective policyholders can opt for any of the three plans based on their requirements.
This insurance category, made available by Magma HDI covers several legal liabilities that individuals may face due to various mishaps. Any legal liability faced by a policyholder for an error, an omission, damage to property, etc. are covered under these plans.
Industries that are prone to fires should get the fire insurance plans offered by Magma HDI. The company offers three plans – a comprehensive plan that covers a wide range of risks, a plan that covers the material damage suffered by the policyholder, and a plan that helps cover the consequential losses of the fire accident.
Engineering insurance plans, offered by Magma HDI, can be availed by individuals whose businesses involve heavy and expensive machinery. The insurance plans will cover the damage or breakdown of the machinery.
Marine insurance policies basically cover loss or damage to cargo in transit. Individuals who ship cargo can get any of the three marine insurance plans offered by the company based on their requirements.
Besides all the insurance plans mentioned above, Magma HDI offers two miscellaneous insurance plans. While the burglary insurance offers coverage for cash, assets, or securities stolen from an individual, the all-risk policy covers many different valuable items owned by an individual such as jewellery, camera, laptop, etc.
Magma HDI is a partnership between Magma Fincorp and HDI Global SE Germany. Magma Fincorp is an NBFC and HDI Global is a multi-branch insurance and financial services provider. The company is well known for its services and insurance products.
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