Compare Magma HDI General Insurance Plans

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Magma HDI General Insurance Company

Magma HDI General Insurance Co Ltd. is a joint insurance company established by Magma Fincorp Ltd, Kolkata and HDI-Gerling Industrie Versicherung AG Germany. Magma HDI General Insurance provides a wide range of protection plans to its customers.

These products are so competitive and appealing, that they give customers a good reason to purchase them. These products include Motor Insurance, fire Insurance, Liability Insurance, Marine Insurance, Engineering insurance, etc.

The company has a great reputation in the market because of its robust vision and objective of being the most responsible and vibrant insurance company in India.

Why Choose Magma HDI General Insurance?

Magma HDI General Insurance is a leading name in the insurance sector especially for car insurances. It provides various benefits for its customers. It helps you spend your hard earned money judiciously by offering fewer premiums. It also provides various discounts once you become a policyholder. Its products have all the state of art facilities for the policyholders. Some of the benefits of choosing Magma HDI General Insurance are:

  • It has a strong cashless claim network. It provides direct cashless claim settlements all over India.
  • It provides attractive discounts to its customers. If a customer is opting for a motor insurance and he installs ARAI approved anti-theft device in his vehicle, he gets a discount of 2.5% on the OD premium.
  • Its skilled staff and authorities make the insurance procedures seamless. It has a supportive and very helping customer support center.
  • It provides a compulsory personal accidental cover to its policyholders. A cover of Rs 2 lack is available for car owners.

Our Varied Products

MOTOR INSURANCE

  • General Insurance Policy
  • Private Car Insurance Policy
  • Two-Wheeler Insurance Policy
  • Health Insurance Policy
  • Travel Insurance Policy
  • Property Insurance Policy
  • Commercial and Industrial Insurance Policy

LIABILITY INSURANCE

  • Public Liability Insurance Act
  • Public Liability Non - Industrial Insurance
  • Public Liability Industrial Insurance
  • Product Liability Insurance
  • Errors and Omissions Insurance Policy
  • Directors and Officers Liability Policy
  • Clinical Trials Liability Policy

FIRE INSURANCE

  • Standard Fire and Special Perils Insurance Policy
  • Fire Loss of Profits Insurance Policy
  • Industrial All Risk Insurance

ENGINEERING INSURANCE

  • Machinery Breakdown Insurance
  • Boiler & Pressure Plant Insurance
  • Machinery Loss of Profits Insurance Policy
  • Electronic Equipment Insurance
  • Contractor's Plant and Machinery Insurance
  • Erection All Risk Insurance
  • Contractor's All Risks Insurance

MISCELLANEOUS INSURANCE

  • Burglary Insurance Policy
  • All Risk Policy
  • Householder's Package Policy
  • Individual Personal Accident Policy
  • Shopkeeper's Package Policy

Product Details

MOTOR INSURANCE
Private Car Insurance Package: This policy provides cover against any damage that occurs to the policyholder’s car due to natural or man-made disasters. It also offers cover for third party liability.

Two Wheeler Insurance Packages: This policy as the name suggests, covers for damages caused to two-wheeler vehicles. It also offers cover for third party liability. One can also opt for a personal accident cover along with this plan.

Commercial Comprehensive Insurance Package: This policy covers for the losses and damages caused to a vehicle that is being used for business and commercial purposes. This comprehensive insurance plan not only provides cover against damages caused by natural or man-made disasters, but it also provides cover for legal liability.

Motor Add-Ons: Magma HDI provides several rider packages and add-ons to enhance a policyholder’s existing policies. Some of these add-ons are applicable only to private cars and some are valid for all categories of vehicles.

LIABILITY INSURANCE
Public Liability Insurance Act:  This is a liability insurance policy which covers which     provides cover for statutory liability. It provides covers on a no-fault principle while dealing with a hazardous substance which results in damage to any property or death of any person.

Public Liability Non - Industrial Insurance:   This policy provides cover for a person’s legal liability towards a third person in vase of non-industrial accidents. If such an accident results in damage of property, injury or death of third party, etc., this policy covers for you.

Public Liability Industrial Insurance: If a third party demands compensation from the policyholder, this insurance plan pays the policyholder’s legal liabilities. The compensation can include the third party’s cost and expenses which fall within the Indian law.

Clinical Trials Liability Policy: This insurance plan provides cover against legal liabilities related to clinical trials. This comprehensive policy not only offers cover against damages claimed by the court but also provides compensation for the defense costs incurred to the policyholder while fighting claims.

FIRE INSURANCE
Standard Fire and Special Perils Insurance Policy: For those who have some specific interest in a property, this is an ideal insurance plan. This plan provides cover in case of fire, lightning, explosions, etc.

Fire Loss of Profits Insurance Policy:  This insurance plan provides cover for damages and losses caused due to fire during the period of interruption.
Industrial All Risk Insurance: This plan provides a 100 crores insurance cover for any industrial risks occurring at a business site. It is a comprehensive insurance policy which offers cover across many locations in the county.

ENGINEERING INSURANCE
Machinery Loss of Profits Insurance Policy: In case there is an accidental interruption of any machine being used for business, this plan provides insurance cover for that.

Erection All Risk Insurance: This plan provides cover against all risks related to storage, commissioning, testing and erection of machinery.

Contractor's All Risks Insurance: This insurance plan provides cover for all kinds of risks associated to civil construction.

MARINE INSURANCE
Marine Cargo Open Insurance Policy: This plan covers for damages caused to insured items during transit through sea, parcel, rail, road, etc.  The insured items may include raw materials, machinery and finished goods.

Marine Cargo Specific Voyage: As the name suggests, this insurance plan covers insured items during specific transit. It provides cover for raw materials, machinery and finished goods under an affreightment contract.

MISCELLANEOUS INSURANCE
Burglary Insurance Policy: This insurance plan provides coverage against losses caused by burglary and theft. It covers for damages caused to stock and things within the insured premises.

All Risk Policy: This is a comprehensive insurance plan which provides insurance cover for valuable movable items. These items can include laptop, mobile phones, jewelry, etc. In case any of these is damaged due to natural causes or robbery, this plan has you covered.

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