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Magma HDI General Insurance
Overview Magma HDI General Insurance Co Ltd. is a joint venture between Magma Fincorp Ltd, Kolkata and HDI Global SE Germany.Magma Fincorp Ltd is one of India’s premier and largest NBFCs, with a strong distribution and service network, along with an impressive penetration in rural India. Its partner company - HDI Global SE is part of the Talanx-Group which is the third largest insurance group in Germany.
Magma HDI General Insurance Key Features
Overview Magma HDI General Insurance Co Ltd. is a joint venture between Magma Fincorp Ltd, Kolkata and HDI Global SE Germany.Magma Fincorp Ltd is one of India’s premier and largest NBFCs, with a strong distribution and service network, along with an impressive penetration in rural India. Its partner company - HDI Global SE is part of the Talanx-Group which is the third largest insurance group in Germany.
Why MAGMA HDI General Insurance?
Openness and Transparency Integrity and Credibility Fairness and Impartiality Trust and Respect for People Demanding Excellence
Why buy insurance on InsureMile online platform?
Because enquiry about insurance quotes, buying of insurance and other transactions are simple, transparent and competitive on InsureMile platform Because InsureMile does not ask you for your phone number or email details, thus you are not harassed by unwanted calls or mail. Because InsureMile will guide you, whenever you need any assistance
Magma HDI General Insurance Products
Motor Insurance Health Insurance Liability Insurance Marine Insurance Fire Insurance Engineering Insurance Miscellaneous Insurance
Incurred Claims Ratio
The company holds an Incurred Claims Ratio of 79.10 % for 2016/17. Incurred. Claim Ratio is calculated as the net claim settled by an insurer to the net premiums collected in any given year.
Why Insuremile?
The most important differentiator is InsureMile’s ‘Buy A Policy, Feed A Child’ mission. For every policy you buy, InsureMile on your behalf contributes 25 meals to a child. You are thus becoming part of a Social Movement to eradicate hunger among children in India. There is no additional amount to be paid for the social cause. It is part of the premium. You can claim tax benefits for the donation you have made.
Magma HDI General Insurance
Overview Magma HDI General Insurance Co Ltd. is a joint venture between Magma Fincorp Ltd, Kolkata and HDI Global SE Germany.Magma Fincorp Ltd is one of India’s premier and largest NBFCs, with a strong distribution and service network, along with an impressive penetration in rural India. Its partner company - HDI Global SE is part of the Talanx-Group which is the third largest insurance group in Germany.
Magma HDI General Insurance Key Features
Overview Magma HDI General Insurance Co Ltd. is a joint venture between Magma Fincorp Ltd, Kolkata and HDI Global SE Germany.Magma Fincorp Ltd is one of India’s premier and largest NBFCs, with a strong distribution and service network, along with an impressive penetration in rural India. Its partner company - HDI Global SE is part of the Talanx-Group which is the third largest insurance group in Germany.
Why MAGMA HDI General Insurance?
Openness and Transparency Integrity and Credibility Fairness and Impartiality Trust and Respect for People Demanding Excellence
Why buy insurance on InsureMile online platform?
Because enquiry about insurance quotes, buying of insurance and other transactions are simple, transparent and competitive on InsureMile platform Because InsureMile does not ask you for your phone number or email details, thus you are not harassed by unwanted calls or mail. Because InsureMile will guide you, whenever you need any assistance
Magma HDI General Insurance Products
Motor Insurance Health Insurance Liability Insurance Marine Insurance Fire Insurance Engineering Insurance Miscellaneous Insurance
Incurred Claims Ratio
The company holds an Incurred Claims Ratio of 79.10 % for 2016/17. Incurred. Claim Ratio is calculated as the net claim settled by an insurer to the net premiums collected in any given year.
Why Insuremile?
The most important differentiator is InsureMile’s ‘Buy A Policy, Feed A Child’ mission. For every policy you buy, InsureMile on your behalf contributes 25 meals to a child. You are thus becoming part of a Social Movement to eradicate hunger among children in India. There is no additional amount to be paid for the social cause. It is part of the premium. You can claim tax benefits for the donation you have made.