A Magma HDI Arogya Sanjeevani policy is a standard medical insurance policy that provides medical coverage to individuals and families at affordable premiums. It covers the insured for the cost of hospitalization, ambulance services, AYUSH treatment and modern treatments. The policy also offers benefits, such as cataract treatment cover and a cumulative bonus.
My name is
My number is
My name is
My number is
City Living in
Do you have an existing illness or medical history?
This helps us find plans that cover your condition and avoid claim rejection
What is your existing illness?
Select all that apply
When did you recover from Covid-19?
Some plans are available only after a certain time
|Sum Insured||Rs 50,000 to Rs 10 lakh|
|Policy Tenure||1 year|
|Incurred Claim Ratio (2020-21)||62.70%|
|Pre-existing Diseases Waiting Period||4 years|
|Initial Waiting Period||30 days|
|Specific Illness Waiting Period||2 years/ 4 years|
|Co-payment||5% on all claims|
Here are the key benefits of buying a Magma HDI Arogya Sanjeevani policy:
A cumulative bonus of 5% will be granted on each claim-free year for up to a maximum of 50% of the sum insured. This bonus increases the sum insured without increasing the premium amount.
Policyholders can avail cashless treatment facilities at more than 7200 network hospitals of the Magma HDI General Insurance Company spread across India.
Tax deductions can be availed on the premium paid for the Magma HDI Arogya Sanjeevani policy under the Income Tax Act, Section 80D.
Take a look at the eligibility criteria for buying a Magma HDI Arogya Sanjeevani policy:
|Minimum Entry Age||Adult - 18 years
Child – 90 days
|Maximum Entry Age||Adult - 65 years
Child – 25 years
|Coverage Type||Individual/ family floater|
|No. of Relationships||7 (4 adults and 3 children)|
|Relationships Covered||Self, spouse, parents, parents-in-law and dependent children|
The following coverage is included under the Magma HDI Arogya Sanjeevani policy:
The Magma HDI Arogya Sanjeevani policy excludes the following medical expenses:
25 Jul 2022Monkeypox is the latest disease to make its way to India while we...
05 Jul 2022Barely any person has remained unaffected due to rising health...
05 Jul 2022Regular health check-ups are important to keep a track of your...
04 Jul 2022In India, healthcare is getting expensive with each passing day...
27 Jun 2022Gone are the days when only athletes and professional sports...