One Health Insurance from Magma HDI: Health insurance policy for different needs

A serious illness requiring hospitalization is not just stressful for the whole family it can also be a considerable financial drain on the family’s savings. Medical or health insurance is therefore one of the most critical financial needs of any individual or family. Even if you are covered under the group health insurance plan provided by your employer, you should study the plan carefully and see if it adequately covers the comprehensive health insurance needs of your entire family. Organizations buy group health insurance covers according to their financial priorities and such plans may not meet different health insurance needs. Different families have different health insurance needs depending on various factors e.g. number of family members, age, occupation, medical history, financial situation etc. One health insurance plan from Magma HDI health insurance provides a range of insurance plans to choose from depending on your family’s specific situation. You can buy an individual insurance plan or a family floater for your entire family (up to 4 adults and 3 children). Cover (sum insured) options range from Rs 2 lakhs to Rs 50 lakhs depending on what you need or can afford.

Key features of One health insurance plan from Magma

• 4 plans to choose from:-
• Support – Sum Insured (SI) of Rs 2 – 5 lakhs + Ambulance Cover of Rs 2,000


• Support Plus – SI of Rs 2 – 5 lakhs + Ambulance Cover of up to Rs 5,000 + higher cover for AYUSH treatment
• Shield – SI of Rs 5 – 15 lakhs + Ambulance Cover of up to Rs 7,500 + no room rent capping + AYUSH treatment covered up to SI
• Premium – SI of Rs 20 – 50 lakhs + + Ambulance Cover of up to Rs 10,000 + no room rent capping + AYUSH treatment covered up to SI
• Optional covers of critical illness and accidents for additional premium
• Optional covers to reduce your premium
• Co-payment: At the time of claim the insured will be paying a part of the expense (10% or 20%)
• Deductible: The insurer will pay only for the amount over and above the deductible (Rs 1 – 5 lakhs depending on the plan), up to the sum insured limit
• Initial waiting period of 30 days. Waiting period of 2 years for specific diseases. Pre-existing diseases will have waiting periods of 2 – 4 years depending on the plan.

Our insurance advisors can help you choose a plan which is most suitable for you and your family from among a variety of options.

Key Benefits

• Cashless hospitalization across 4300+ hospitals
• Pre (30 days to 60 days depending on the plan) and post hospitalisation (60 to 90 days depending on the plan) coverage
• In patient treatment (hospitalization) – up to sum insured
• Coverage for outpatient treatment (OPD) – up to sum insured
• Domiciliary Hospitalization / Home treatment – up to sum insured
• Organ donor expenses– up to sum insured
• New Age Covers - Special procedures like IVF treatment, Lasik surgery, Bariatric surgery subject to respective caps

Other Benefits (over and above sum insured)

• Cumulative Bonus – 10 to 20% of SI subject to a maximum to 50 – 100% of SI depending on the plan
• Restoration of Sum Insured – For Support Plus, Shield and Premium plans
• Loss of Income Cover – 1/12^th of SI or 1/12^th of annual salary whichever is lower payable monthly for 6 months