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Key Features:
  • Covers Third Party Person
  • Covers Third Party Property

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  • Ahmedabad
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When did you buy your car?

Have you made a insurance claim in the previous year?


  • How can I get the Magma HDI motor insurance policy wordings?

    Visit the company’s official website and scroll down to the ‘Info Center’. Click on ‘Downloads’ and then expand the ‘Motor Insurance’ section by clicking on the ‘+’ icon. Look out for the type of motor insurance policy you want and click on that. The download will start automatically.

  • What is the maximum NCB discount offered by Magma HDI?

    The maximum NCB discount is 50% on the own-damage premium of the insurance policy which is available against 5 claim-free years.

  • Is there any option to expand the coverage to other geographical areas?

    Yes, the policy cover can be expanded to other geographical areas such as neighbouring countries (Pakistan, Bangladesh, Bhutan, Nepal, Srilanka) by paying an extra premium along with the submission of an endorsement.

  • How much discount is offered for installing ARAI approved anti-theft devices?

    The company offers a discount of 2.5% on the OD (Own Damage) premium to a maximum of Rs.500 if you have installed ARAI-approved anti-theft devices in your vehicle.

  • What is CTL?

    CTL stands for constructive total loss. It is a condition when the repair cost exceeds 75% of the Insured Declared Value (IDV) of the vehicle.

Third Party

  • What if someone attempted to suicide infront of my vehicle?

    If a third party dies or suffers injuries in attempting suicide in front of the insured’s car, the insurance company is not liable to pay any compensation. Moreover, an attempted suicide, if proved in the court of law, does not fall as a liability on the policyholder also.

  • How much liability will I have to bear for compensating third party injuries?

    The exact compensation amount is decided by a court of law. However, your part of liability depends on the nature of injury incurred by the third party. In the case of loss of one limb or sight of one eye, you have to bear 50% of the total compensation amount, whereas, in case of loss of 2 limbs/2 eye-sight or permanent disability, the entire amount is paid by the insurer.

  • What is the limit in indemnifying the number of third parties injured/died in an accident?

    The number of persons (third parties), for which the company will pay compensation, depends on the premium paid and is mentioned in the policy document.


  • How is IDV of my vehicle calculated?

    The IDV of your vehicle is calculated on the basis of the vehicle’s listed price by the manufacturer including the prices of all fitted accessories minus the cost of depreciation of every year. The IDV also determines the sum insured.

  • I have a hired driver for my car. What if the accident occurred while the vehicle was being driven by him?

    Generally, you will be compensated for the damages caused to the insured vehicle irrespective of who was the driver at the time of happening of the accident. However, the standard comprehensive policy doesn’t cover the legal liabilities of a paid driver. You need to purchase an additional cover to insure the legal liabilities of a hired driver.

  • How much is the IDV of my 4 years old vehicle?

    The IDV of your 4 years old vehicle is around 50% of its listed showroom price. However, there are certain segments/parts of the car that does not suffer depreciation throughout their age and hence, the company offers full listed price of those parts being replaced after an accident.


  • How can I download the claim form?

    Visit the Magma HDI official website and scroll down to look for the ‘Info Center’ section. Click on ‘Downloads’ under that and expand the ‘Motor Insurance’ section by clicking on the ‘+’ icon. Choose ‘Claim Form - Commercial Vehicle Package’ and the claim form will be downloaded instantly.

  • How can I locate the nearest cashless garage of Magma HDI?

    Go to the company’s official website and click on ‘Locate Garage’ present under the ‘Contact Us’ section. Choose ‘Locate Garages’ on the next page and enter your area’s pin code and click on ‘LOCATE GARAGE’. The address of the nearest garage will be displayed on the same page. However, if there is no cashless garage in your area, enter a different pin code (nearest).

  • Which type of add-on covers will help me to get higher claims?

    The add-on covers which extends the standard coverage will help in getting higher claims. Example- Zero Depreciation, Engine Cover, etc.

Zero Depreciation

  • Why does the premium of zero depreciation add-on cover increase with the insured car’s age?

    The premium for the zero depreciation cover increases with the car’s age as the vehicle loses its value every year due to depreciation, which shifts greater liability to the insurer if the policyholder has opted for the zero depreciation add-on cover.

  • Do I need to pay anything at the time of claim settlement if I purchase Magma HDI zero depreciation cover?

    You will be liable to pay for the compulsory deductible and voluntary deductible (if opted) at the claim settlement along with the applicable depreciation on tyres, tubes and batteries at 50%.

  • Is there any difference in the claim filing process for a car Zero Depreciation cover?

    No, there is no difference in the claim filing process for a car with a Zero Depreciation cover. The difference is only in the claim amount.

  • Can I choose the claim in which I want the waiver for the depreciation cost or not?

    Yes, it solely depends on the policyholder whether s/he wants to have the benefit of the zero depreciation add-on cover for a particular claim or not.


  • How much car insurance renewal do I have to pay?

    The renewal fee depends on the type of car insurance plan, deductibles and add-ons opted.

  • What if I fail to renew my Magma HDI car insurance plan?

    If you fail to get your car insurance plan renewed on time, your insurance plan would become inactive and you would lose coverage and other benefits.

  • Can I change my insurance company at the time of insurance plan renewal?

    Yes, the policyholder is presented with an option to get their car insurance plan renewed with the present insurance provider or a new one.

  • What happens to my No Claim Bonus benefit if I fail to renew my insurance policy before its expiry?

    In such a scenario, you would lose out on all your accumulated No Claim Bonus benefits. To keep your NCB benefit intact it is recommended to get your insurance plan renewed on time.

  • Can I choose new add-ons while car insurance plan renewal?

    Yes, at the time of insurance plan renewal, you can either modify the current add-on covers or can even choose new add-on covers.

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