Magma General Insurance
Trusted Protection
91.3%
Claim Settlement Ratio
1.5x
Solvency Ratio
0
Plans Available
149
IRDAI Reg No
About Magma General Insurance
Magma General Insurance offers accessible general insurance products with a focus on motor and health segments. Backed by Magma Fincorp, it serves customers across semi-urban and rural India with tailored coverage options.
Key Milestones
Founded
IRDAI Registration
Crossed 1 Crore Policies
ISO Certified
Awards & Recognition
Why Choose Magma General Insurance?
- Claim settlement ratio: 91.3%
- Solvency ratio: 1.5x
- Network: 3800+ hospitals
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Claim Process
- 1
Intimate the Claim
Call the toll-free number or register online within 24–48 hours of the incident. Keep your policy number ready.
- 2
Submit Documents
Provide claim form, policy copy, and supporting documents (hospital bills, FIR, repair estimates) as applicable.
- 3
Survey & Assessment
A claims assessor verifies the incident and submitted documents within 3–7 working days.
- 4
Claim Settlement
Approved amount is credited to your account or settled directly with hospital/garage within 15 days.
Documents Required
- Policy document
- Death certificate
- Medical records
- Claimant's photo ID
- Bank account details
- Post-mortem report (if applicable)
24x7 Claim Support
Claim Helpline
Average response time: 30 minutes
Magma General Insurance — Frequently Asked Questions
Magma General Insurance is one of India's leading IRDAI-registered insurance providers with a high claim settlement ratio. They are known for quick claim processing, strong network, and transparent policy terms. Our experts rate them highly for customer service.
Have more questions? Talk to our insurance experts — free!