Magma HDI Arogya Sanjeevani Policy

Insurer Highlights

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Get insured from the comfort of your home
Get insured from the comfort of your home
  • 1
  • 2
  • 3
  • 4

Who would you like to insure?

  • Previous step
    By clicking on “Continue”, you agree to our Privacy Policy and Terms of use
    Previous step

      Popular Cities

      Previous step
      Previous step

      Do you have an existing illness or medical history?

      This helps us find plans that cover your condition and avoid claim rejection

      Get updates on WhatsApp

      What is your existing illness?

      Select all that apply

      Previous step

      When did you recover from Covid-19?

      Some plans are available only after a certain time

      Previous step
      Advantages of
      entering a valid number
      You save time, money and effort,
      Our experts will help you choose the right plan in less than 20 minutes & save you upto 80% on your premium

      Magma HDI Arogya Sanjeevani Policy

      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.

      Read More

      Magma HDI Arogya Sanjeevani Policy: Key Highlights

      Categories Specifications
      Sum Insured Rs 50,000 to Rs 10 lakh
      Policy Tenure 1 year
      Network Hospitals 7200+
      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

      Benefits of Magma HDI Arogya Sanjeevani Policy

      Here are the key benefits of buying a Magma HDI Arogya Sanjeevani policy:

      1. Cumulative Bonus

      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.

      2. Cashless Treatment

      Policyholders can avail cashless treatment facilities at more than 7200 network hospitals of the Magma HDI General Insurance Company spread across India.

      3. Tax Benefits

      Tax deductions can be availed on the premium paid for the Magma HDI Arogya Sanjeevani policy under the Income Tax Act, Section 80D.

      Magma HDI Arogya Sanjeevani Policy Eligibility Criteria

      Take a look at the eligibility criteria for buying a Magma HDI Arogya Sanjeevani policy:

      Parameters Eligibility Criteria
      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
      Renewability Lifetime

      Inclusions of Magma HDI Arogya Sanjeevani Policy

      The following coverage is included under the Magma HDI Arogya Sanjeevani policy:

      • In-patient Hospitalization – It covers the expenses incurred during hospitalization of at least 24 hours, including ICU charges, room rent, doctor’s fees, etc.
      • Pre-hospitalization Expenses – It covers the medical expenses incurred for up to 30 days before hospitalization.
      • Post-hospitalization Expenses – It covers the medical expenses incurred for up to 60 days after hospital discharge.
      • AYUSH Treatment – It covers the cost of in-patient treatment taken under Ayurveda, Unani, Yoga, Siddha, Naturopathy and Homeopathy systems of medicines.
      • Cataract Treatment – It covers the medical expenses incurred for cataract treatment of both eyes.
      • Day Care Treatment – It covers the cost of all day care treatments that require hospitalization of less than 24 hours.
      • Modern Procedures - It covers the medical expenses incurred on availing treatment through modern procedures, such as immunotherapy, stem cell therapy, oral chemotherapy, etc.
      • Road Ambulance Charges – It covers the cost of availing road ambulance services for the emergency transportation of the insured.

      Exclusions of Magma HDI Arogya Sanjeevani Policy

      The Magma HDI Arogya Sanjeevani policy excludes the following medical expenses:

      • OPD Treatment
      • Maternity Expenses
      • Domiciliary Hospitalization
      • Treatment taken outside India
      • Treatment for alcohol or drug addiction
      • Sterility and infertility
      • Obesity and weight-control treatments
      • Hazardous or adventure sports
      • Cosmetic or plastic surgery
      • Unproven treatment


      Policybazaar exclusive benefits
      • 30 minutes claim support*(In 120+ cities)
      • Relationship manager For every customer
      • 24*7 claims assistance In 30 mins. guaranteed*
      • Instant policy issuance No medical tests*
      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
      Magma HDI Health Insurance Plans
      Magma HDI OneHealth Insurance Plan

      Health insurance articles

      Recent Articles
      Popular Articles
      Everything about the Activ One Plan by Aditya Birla Health Insurance

      05 Dec 2023

      In a time when increasing healthcare costs can create a
      Read more
      10 Reasons Why Your Health Insurance Claim Can Get Rejected

      01 Dec 2023

      Health insurance plans add a layer of invisible protection against
      Read more
      Knee Replacement Surgery Cost in India

      30 Nov 2023

      Knee pain has become a very common ailment in India, with over 15
      Read more
      Kidney Transplant Cost in India

      30 Nov 2023

      Kidney disease has been growing at an alarming rate in India. As
      Read more
      How Can NRIs Save Taxes on Health Insurance in India?

      24 Nov 2023

      Health insurance is an essential buy for people in India as well
      Read more
      How to Apply for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY)?
      Ayushman Bharat Yojana is a flagship health insurance scheme launched by the Government of India to offer universal
      Read more
      Best Health Insurance Plans for Senior Citizens in 2023
      Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance
      Read more
      10 Major Benefits of Ayushman Bharat Yojana
      Pradhan Mantri Jan Arogya Yojana (PM-JAY) is the second component under Ayushman Bharat Scheme. PM Narendra Modi
      Read more
      Does Health Insurance Provide Coverage for LASIK Eye Surgery?
      A vast majority of the Indian population is suffering from vision problems. For some of them, LASIK eye surgery is
      Read more
      Pre-Existing Disease (PED) Cover from Day One
      Pre-existing diseases (PED) are mostly expensive to treat as they are chronic in nature. Unfortunately, most health
      Read more

      Download the Policybazaar app
      to manage all your insurance needs.