GENERAL INSURANCE BLOG

A sound health insurance policy is paramount in the present world because health-related risks are constantly rising, and so are medical costs. You can buy a health insurance policy through the tried and tested method of using an agent's services or visiting an insurance company nearby your place of convenience.

However, did you know that we can benefit more from buying the best health insurance policy in India online?

Let us have a look at these benefits.

1. Multiple options:
This is one of the most important benefits of buying a health insurance policy online. You can browse a myriad of options a company offers and then compare it to similar policies of many other companies. Hence, you can shortlist the right policy meant for you based on the required coverage, benefits, and premium amount.

2. Convenience:
Imagine the hassle of visiting the offices of multiple insurance companies and going through the details of their policies sitting there! Buying a health insurance policy online saves you from this hassle and eliminates the involvement of intermediaries. You can conveniently go through various policy options online from the comfort of your home and with the convenience of completing the buying process in just a few clicks. It is easy, convenient, and accessible 24/7.

3. Cutting away middlemen commissions:
No middlemen or agents are involved when you buy a policy from online portals. Hence, online purchasing the best health insurance policy in India helps you save substantially on the premium amount.
Also, agents tend to put pressure on you to buy a particular company's policy to earn higher commissions on the same. Buying a health insurance policy online does away with this pressure. You can freely buy any policy of your choice after properly comparing available options.

4. Inexpensive:
Technology and automation help insurance companies operate online with less workforce and low administrative expenditure. Hence, they are in a position to save a lot of money on operation costs.
To encourage more customers opting online policies, a part of this saving is passed on to their consumers through lower premiums. Hence, the customers enjoy a lower premium than what offline channels offer. It is a win-win situation for both the insurance portal and the consumers.

5. Transparency:
Agents often hide facts and information about restrictive clauses in a policy, so you do not deviate from buying it. However, this is not possible when you buy a health insurance policy online.
Every policy has restrictive conditions about its coverage, claim settlement procedure, etc. You can go through the terms and conditions of the policy in detail on the portal before buying it. This will save you from a lot of trouble that may arise in the future due to incomplete information and hidden clauses.

6. No geographical barriers:
Buying a health insurance policy online helps to eliminate geographical barriers. You can select the best health insurance policy in India, even if you reside in any remote area or village, without the presence of the physical office of the insurance company. Hence, your choice is not restricted due to your location.

7. Time-saving:
Buying a health insurance policy online will help you save time. You do not have to take out time separately from your hectic schedules to meet an insurance agent or visit the offices of multiple insurance providers.

We can easily conclude that buying a health insurance policy online is better than buying it through offline channels. Buying insurance should look like an effortless activity with less stress about finding the right deal with multiple benefits. Be the decision-maker of your investment by opting for an online method of buying the best health insurance policy in India.

Click HERE to buy the best health insurance policy in India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Organ transplant is a process where we replace a malfunctioning organ with a healthy one from a fit donor. With the advancement of medical science and the introduction of state-of-art technologies, we can go for transplants of vital organs such as the liver, kidney, heart, etc. But these life-saving transplants come with heavy costs ranging between 1-2 lakhs to 30-35 lakhs of rupees!

Health insurance providers have started offering policies covering organ transplants to meet such heavy expenditures. You read it right! Let us look into such policies in detail.

1. Coverage:
Two parties are involved in organ transplants: the organ receiver and its donor. Health insurance companies will cover the cost of various tests, hospitalisation expenditure, cost of surgery, and other related procedures vital for an organ transplant of the receiver. However, there are restrictions on coverage with regard to donor expenses.
The insurance policy will cover the in-patient hospitalisation charges of the donor. But it does not cover expenses regarding medical screening, storage or transportation of the organ, and pre and post-hospitalisation charges that the donor may incur in the process. Coverage for the above costs is subject to the sum insured and cannot exceed that.

2. Types of costs:
You should be aware of the types of costs that you will incur during an organ transplant. The first cost to bear is organ screening. The hospital will check the condition of the donor's organ.
The donor will incur pre-hospitalisation costs for medicines and different tests. Then hospitalisation expenses, including room charges, doctor fees, nursing expenditures, etc., will be considered. Post all these initial formalities and screenings; the actual surgery can be performed.
Post-surgery complications often arise, and there might be a need to bear additional hospital and doctor fees, medical expenditures, etc. The donor's post-surgery expenses, such as doctor follow-up, medication, etc., are also to be considered.

3. Waiting and survival period:
A health insurance policyholder with organ transplant coverage cannot raise a claim for the initial few days after buying the policy. Such policies usually come with a waiting period of 90 days to even 2-3 years from the policy's inception, after which a claim for an organ transplant can be raised. This waiting time may vary from one policy to another as per their respective terms and conditions.

4. Guiding Act:
The "Transplantation of Human Organs Act (THOA) 1994" is the guiding act for all organ transplants in India. It guides the removal, storage, and transplantation process of human organs. Any health insurance service provider will not cover your organ transplant claim if it violates any of the provisions of this law. Also, your claim will be rejected if the organ transplant is done for commercial dealings or smuggling activities of human organs.

Saving a life by donating or receiving an organ is a fortunate incident, and having the right insurance plan can make the experience less daunting. We recommend that online health insurance is the best way to invest in organ transplantation coverage. Buying the policy online will allow you to study and compare various policies that provide such coverage per our convenience and requirements.

Organ transplantation is an expensive process, and making haste decisions can land you in unwanted trouble. Go through each policy's terms and conditions in detail before making your final decision.

You should also ask for a detailed break-up of the recipient and donor expenses from the hospital before going for an organ transplant. This will give you a fair idea of what expenditure will be excluded from your insurance policy coverage and what will be its financial implication.

Click HERE to buy an online health insurance policy.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Let’s address the big question, how to go about a claim?

The information on this page covers the part that you're most concerned about: Claims.

Our claim settlement ratio is something we're really proud of. Trust us, we are equally eager to settle your claims, should there be an untoward situation. Call us on 1800 266 3202 for seamless claim support.

Some important points related to the claims process:

For motor insurance claims, you can send us a video of the damaged vehicle taken from your smartphone, through the link that we share on your registered mobile number. You can also get in touch with your agent, visit our nearest branch or email us at customercare@magma-hdi.co.in for speedy assistance.

We promise you – we'll never leave you stranded. Our 24*7 Roadside Assistance add-on will help you with vehicle pick-up, repairs, and several other services (only if this service is opted for). For repairs, we urge you to choose our preferred workshops / network garages (where we'll settle the bill directly with the garage) or even if you don't, we'll settle the payment based on the relevant invoices and documentation (if only it is admissible under the terms of the policy).

To check the preferred garages near you, please click

For health insurance claims, in case of planned admission, we request you to inform us or your agent before the hospitalization, this will help us to process your claims quickly. Kindly intimate your claim within 30 days of hospitalization. You can avail yourself of the cashless facility at any of our Network hospitals.

To check the network hospitals near you, please click

You can also download our "Magma HDI" mobile app from the Google play store or Apple app store or visit our website www.magmahdi.com for the following services:

1. Intimate and track claims
2. Avail wellness services
3. Download claim forms
4. Search hospital for a cashless
5. Access your policy facility features and health card, and more

For more clarity, we have summarized a few points to know why health claims get rejected, click here to view our blog.

We've reached the end of this page. See how quick that was!

To register your claim, click

Individuals nowadays may have multiple health insurance policies in the form of a corporate plan, a separate individual cover, a family floater cover, and a critical illness cover. The need for multiple policies arises because of rocketing hospitalisation and treatment prices in the present times. One policy may not provide adequate cover at the time of need. Also, when you leave your job, the corporate cover will end with it too.

It may confuse any individual to handle multiple health insurance policies, especially when raising a claim. Here are some tips for handling multiple health insurance policies.

1. Choice of policy:
When raising a claim, an insured has no compulsion to use any particular health insurance first from his multiple policies. You can choose any of your policies to raise a claim. Remember that you cannot file a claim for the same expense from two policies.
It is advisable to choose the insurance coverage provided by your office first. The claim settlement process will be quick without any waiting periods, and the chances of rejection of your claim will be very less. Also, your personal health insurance policy's NCB (No-claim bonus) will stay intact.

2. Room-rent limit:
Many health insurance policies come with a room-rent limit. Any extra room rent will have to be borne from our pocket. Hence, use the policy with a high room-rent limit first.

3. Co-payment or deductibles clause:
Many health insurance plans have a co-payment policy in which the insured has to take care of the claim amount. In deductibles, the insured must also bear a part of the claim amount, which the insurance company will reimburse. Hence, use the policy first, which comes without these clauses. This will not put any undue financial burden on your pocket.

4. Reimbursement limit:
Health insurance will cover your medical bills only up to the policy amount or the sum insured by you. If your medical bills are more than the sum insured, you can file a claim for the remaining medical bills with the second health insurance policy provider.
However, in this case, the hospital may not permit you to use the cashless mode to settle the remaining bill amount. You must clear the remaining bills and submit a reimbursement claim for your expenses with your second insurance provider. Also, you need to submit proof of the portion of the bill settled by the first insurance company along with the other relevant documents.

5. Raising claims with two insurers:
We cannot submit the same claims with two health insurance companies simultaneously. If the hospital bills are expected to go higher than the sum insured with the first insurer, then only you can ask for reimbursement for the remaining amount from the second insurer.

6. Disclosure:
We should always disclose our existing health insurance policy details to the insurance company while buying a second cover. Non-disclosure of previous policies with any health insurance service providers can lead to the rejection of our claim at the time of need. It will be considered a violation of the insurance contract.

Multiple health insurance policies are always beneficial for an individual. We usually get corporate cover as a part of our employee benefits, but it may not suffice. We should always go for additional health insurance coverage so that our existing coverage does not fall short in times of need. Also, specialised health insurance policies, such as critical illness policies, are always advisable and suitable for regular coverage.

Click HERE to buy the best health insurance policy.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.