Magma HDI Car Insurance Claim

Magma HDI car insurance claim settlement process is straightforward and hassle-free. The claim settlement ratio of Magma HDI General Insurance Company was 95.84% in FY 2021-22. The company also offers cashless claim settlement in 4,000+ cashless garages all over India.

Read more


No documents required Compare & Save upto 85%* on Car Insurance
Renew in 2 minutes
Chose from 20+ insurers
51 lakh+ Cars insured
Processing

Compare & Save upto 85%* on Car Insurance

Cashless garages4000

Plans starting @₹ 3507

Claim settlement ratio

Claim settlement ratio 97.1%

*TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Documents Required for Magma HDI Car Insurance Claim

To raise a Magma car insurance claim, you will need the following documents:

  • Duly filled and signed Magma HDI motor claim form
  • Copy of car insurance policy
  • Copy of car's RC
  • Copy of driving license
  • Copy of Police FIR
  • Estimates for repairs
  • Repair bills/invoices
  • Other documents like permit, load challan, trip sheet, tax token etc. as applicable

Types of Magma HDI Claim Settlement Process

Magma HDI General Insurance Company offers two types of claim settlement processes, cashless claims and reimbursement claims. The company has more than 4,000 network garages spread across India where a policyholder can get his/her four-wheeler repaired.

Cashless Claim Settlement

Magma HDI car insurance offers a cashless claim process under which a policyholder can get the insured car repaired in an authorised network garage without having to pay anything from his/her pocket. Under this process, the car insurance company settles the claim directly with the network garage.

Reimbursement Claim Settlement

If a policyholder gets the insured car repaired at a non-authorised network garage, then he/she can claim the repairs under a reimbursement claim settlement process. Under this process, the insurance company upon complete verification reimburses the repair amount to the policyholder after the repairs are completed in a non-network garage.

How to File a Magma HDI Car Insurance Claim?

Follow these steps to raise a Magma HDI motor insurance claim:

Accidental Claims:

  • Inform the Insurer: In the event of accidental damages, the first step would be to inform the insurer about the damages sustained by the insured car. You must intimate the insurer within the next 48 hours of the accident. Upon intimation, the insured will register your claim.
  • Damages Assessment: Once the claim has been registered, the insurer will send a surveyor to assess the cost of damage sustained by the insured four-wheeler.
  • Documents Verification: You will also need to submit some compulsory documents to the surveyor for claim verification. Make sure to keep these documents handy with you.
  • Claim Settlement: After claim verification, the insured car will be sent to the network garage for repairs. As soon as the repairs are done, your insurer will settle the claim under cashless claim settlement. In case of repairs done in a non-network garage, the insurer will reimburse you the claim amount covered in your car policy after the repairs.

Alternatively, if you are a Policybazaar customer, you can call our toll-free number 1800-258-5881 for easy claim assistance.

Third-Party Claims

  • If your vehicle has damaged a third party's property or has caused injuries to the third party, immediately lodge an FIR at the nearest police station. Also, inform your insurer about the same.
  • The insurance company will then forward the same to the Motor Insurance Claim Tribunal Court for the verdict
  • Once the case has been verified, the court will decide the amount of compensation to be paid to the third party.
  • The process will be the same if your car has been damaged by a third party and you are to receive compensation for the same.

FAQs

Find similar car insurance quotes by body type

Hatchback Sedan SUV MUV
 Why buy from policybazaar

Car insurance articles

Recent Articles
Popular Articles
Does Comprehensive Car Insurance Cover Hit and Runs?

09 Jan 2023

Yes, your comprehensive car insurance policy may cover the damages
Read more
The New IRDAI Regulations for KYC in Car Insurance

03 Jan 2023

As per the IRDAI guidelines, all motor insurance sectors including
Read more
How Can We Use Roadside Assistance Cover in Car Insurance?

09 Dec 2022

Roadside Assistance is an add-on cover offered with your
Read more
Is Nut Bolt Covered Under Car Insurance?

06 Dec 2022

No, any damage to the nut bolt or any other consumable of your
Read more
What Happens When You Only Have Third-Party Insurance?

05 Dec 2022

Third-party car insurance is a mandatory cover as per the motor
Read more
Getting Your Duplicate Car Insurance Policy is Easy-Here’s How!
Losing your car insurance documents can be daunting. In such a state of affairs, the first thing that comes to your
Read more
Check Car Insurance Status Online on Parivahan Sewa/ RTO?
It doesn’t matter if you are an excellent driver or take your car out only once in a few months, your car must be
Read more
Multiple Ways To Check Your Car Insurance Status Online
With everything going digital, checking vehicle insurance status online has become easier than ever. It not only
Read more
How to Find Car Insurance Details by Registration Number?
As a car owner, it is mandatory to have a car insurance policy under the Motor Vehicles Act, 1988. Sometimes, you
Read more
Transferring Car Insurance from One Person to Another
An integral part of selling a car, for both the buyer and the seller, is ensuring a successful car insurance
Read more

top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL