Magma HDI general insurance company is a joint venture between Kolkata based company called Magma fincorp Limited and HDI Gerling Industrien versicherung AG Germany. Mr Rajive Kumaraswami is the Managing Directer & CEO of Magma HDI General Insurance Company.

 What is meant by MAGMA HDI Comprehensive car insurance?

The policy which covers loss of both the parties i.e. first-party as well as the third party called a comprehensive car insurance policy. The policy covers insured persons from damages like theft, accident, natural calamities, manmade calamities, etc. The policy protects the insured person from financial losses as well as legal liabilities arising from a third party.

What are the key benefits of buying a MAGMA HDI comprehensive car insurance policy?

1) No claim bonus up to 50% for not taking a claim on your previous year's policies.

2) Financial protection against any unforeseen events in case of an accident.

3) legal protection against the liability arising from third person or third parties liability.

4)7 days of responsive customer service, for clearing any issues related to policy

Coverage in MAGMA HDI comprehensive car insurance Policy-

1. Comprehensive car insurance covers liability arising from third parties.

2. Policy covers losses which is arriving from natural calamities or manmade events.Ex.riots, floods, earthquakes, accidents.

3)Personal accident cover-Cover up to 15lac is provided for the owner-driver of the vehicle in the event of death, bodily injuries.

4)Benefit covers are also known as Add ons are provided by companies to customize the requirements of the insured.

How to purchase Third party car insurance of MAGMA HDI?

Step 1. Go to the online website of

Step 2. Click on car insurance

Step 3. Enter your REGISTRATION no. According to your RC

Step 4. You will find a quotation for car insurance from MAGMA HDI insurance and other insurers.

Step 5. You can select the quotation MAGMA HDI and fill out the proposal form.

Exclusions in MAGMA HDI Comprehensive car insurance policy.

1)Ageing of the car and normal wear and tear.

2)mechanical and electrical breakdown of the car.

3)Damage by a person, who does not have a valid license.

4)Vehicle which is used against terms of the policy.

What is IDV in MAGMA HDI Comprehensive car insurance policy -

IDV is the maximum amount assured fixed by the insurer which is provided on total loss or theft of your vehicle. In short, IDV is the current market value of the vehicle.

What is meant by Add- On covers in MAGMA HDI Comprehensive car insurance policy -

Add-on is additional features that enable you to enhance your car insurance policy coverage against certain liabilities. In short add ons are additional covers that are offered by companies by charging some extra premium amount.

MAGMA HDI Comprehensive car insurance policy FAQs

1.  What is meant by comprehensive car insurance of MAGMA HDI?

comprehensive car insurance covers damage to your car from causes other than collision. It also includes third-party liability in case of an accident. In short Magma’s comprehensive car insurance protects you from accidents, theft and weather-related damage.

2. What are the things that are covered in MAGMA HDI comprehensive car insurance policy?

The comprehensive policy helps cover theft and break-ins, natural calamities, fire, floods.

3. What are the add-on covers for the comprehensive car insurance of MAGMA HDI?

Depreciation Reimbursement Cover or Nil depreciation. Engine protection covers Roadside assistance cover. NCB Protector. Inconvenience Allowance Cover Daily allowance cover. Loss of personal belongings cover. Inconvenience Allowance Cover. Return to Invoice.

4. What are the exclusions MAGMA HDI comprehensive car insurance policy?

-Damage caused due to war, terror, attack, nuclear accidents, etc. -Damages due to using the vehicle for illegal purposes. -Damages were caused to the car while it was driven by a person under the influence of drugs. -Damages to the car due to its engine oil leakage.

5)Is comprehensive policy mandatory in India?

No. Having a comprehensive insurance policy is optional whereas liability insurance is a mandatory policy in while driving a vehicle in India.

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