Magma HDI Arogya Sanjeevani Policy

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.

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Magma HDI Arogya Sanjeevani Policy: Key Highlights

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:

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

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