*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
Who would you like to insure?
Magma HDI OneHealth Insurance is a comprehensive medical insurance plan that covers individuals and families against diseases and accidents. It covers the cost of in-patient hospitalization, OPD treatment, home treatment, ambulance charges along with maternity expenses. The plan also offers benefits like LASIK surgery cover, IVF treatment cover, psychiatric treatment cover, loss of income benefit, worldwide emergency hospitalization and HIV/AIDS cover.
Categories | Specifications |
Sum Insured | Rs 2 lakh to Rs 1 crore |
Policy Tenure | 1 year, 2 years, 3 years |
Network Hospitals | 7200+ |
Incurred Claim Ratio (2020-21) | 62.70% |
Pre-existing Diseases Waiting Period | 2 year/ 3 years/ 4 years |
Discount | Up to 12.5% multi-year policy discount 5% cross-sell discount 10% direct sourcing discount |
Co-payment | 20% for people above 60 years Up to 35% if the insured is hospitalized in a higher zone |
The Magma HDI OneHealth Insurance plan comes with the following attractive benefits:
If the sum insured is insufficient for a claim, the amount will be recharged by 100% up to five times in a policy year with this benefit.
Every year, all adult insured members will be eligible for a health check-up facility irrespective of the claims history.
In case no claims have been raised in the previous policy year, the sum insured will be increased without any hike in the premium with the cumulative bonus benefit.
If a person buys this policy before the age of 40 years, the Magma HDI General Insurance Company will provide a one-time amount of Rs 2500 after five claim-free years and Rs 5000 after ten claim-free years as early joining benefits.
Under this policy, a lump sum amount will be paid by the insurance company in case the insured suffers from permanent total disablement due to an accident or injury that occurred while working professionally.
Magma HDI General Insurance Company offers cashless hospitalization facilities at over 7200 network hospitals across India.
If the insured gets hospitalized at a PPN hospital of the insurance company for cashless treatment, a one-time amount will be provided for each such hospitalization as the green channel benefit. This amount can be used to pay non-medical expenses incurred during the hospitalization.
Policyholders can undertake fitness activities and earn rewards to get a discount on the renewal premium. They can also get access to wellness services, including nutritionist e-counselling, doctor-on-call, etc. under this policy.
The premium paid for buying a Magma HDI OneHealth Insurance policy can be claimed for tax benefits under Sec 80D of the Income Tax Act.
Check out the eligibility criteria to buy a Magma HDI OneHealth Insurance plan:
Parameters | Eligibility Criteria |
Minimum Entry Age | Adult – 18 years Child – 5 years, 91 days (family floater) |
Maximum Entry Age | Adult - No upper limit Child – 26 years |
Coverage Type | Individual/ family floater |
No. of Relationships | 7 (4 adults and 3 children) |
Relationships Covered | Self, spouse, dependent children, dependent parents, dependent parents-in-law, son-in-law, daughter-in-law, dependent grandchildren and siblings |
Renewability | Lifelong |
Take a look at the five types of Magma HDI OneHealth Insurance plan below:
The following coverage is included under a Magma HDI OneHealth Insurance plan:
The Magma HDI OneHealth Insurance plan does not cover the following medical expenses:
Here is the list of waiting periods applicable to the Magma HDI OneHealth Insurance policy:
Category | Waiting Period |
Initial Waiting Period | 30 days |
Specific Illness Waiting Period | 2 years |
Pre-existing Diseases Waiting Period | 2 year/ 3 years/ 4 years |
Critical Illness Cover Waiting Period | 90 days 30 days (Survival period) |
Bariatric Surgery Cover | 3 years |
Mental Illnesses | 3 years |
LASIK Surgery Cover | 3 years |
Maternity Benefits | 4 years |
OPD & Home Care for COVID-19 | 15 days |