Magma Car Insurance Renewal
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Magma HDI Car Insurance Renewal
Magma HDI car insurance plan offers protection to the policyholder against unfortunate accidents and other mishaps. The insurance company offers financial assistance to the policyholder for any damages or injuries incurred during the mishap. However, each of the car insurance plans comes with a limited validity duration after which the insurance plan expires. Therefore, it is crucial to renew your car insurance plan periodically in order to enjoy continuous insurance coverage along with various other benefits.
Magma HDI offers simple insurance plan renewal service, which is both hassle free as well as paperless.
Magma HDI Car Insurance Policy Renewal- Online Procedure
You can follow the below mentioned simple steps to renew your Magma HDI car insurance plan online:
Step 1: Go to the official website of Magma HDI General Insurance Company and click on the ‘Renewal’ tab on the homepage. Then, click on the ‘Renew Now’ option on the displayed webpage.
Step 2: Next, enter your policy number and your Car’s Registration number/Chassis number/Engine Number to proceed further.
Step 3: Make the payment for insurance plan renewal using either your credit or debit card. Once you have made the payment, you would get a confirmation SMS or email. Later, your renewal policy documents would get emailed to you instantly.
Magma HDI Car Insurance Policy Renewal- Offline Procedure
To renew your Magma HDI car insurance plan via offline mode, simply call the customer care executive at 1800 266 3202 and raise a renewal request for your car insurance plan. Here, the premium can be paid either through cash or cheque. Alternatively, you can also visit the nearest branch of Magma HDI to get your car insurance policy renewed.
What Should You Do When Your Car Insurance Policy Expires?
You can do the following when your car insurance plan expires:
- Inform Your Agent: After your car insurance plan has expired, make sure to immediately contact your insurance agent and seek further guidance. They might be able to reinstate your lapsed insurance plan without paying any fine. However, if you get late, then even this option may get lapsed. In such a scenario, you may need to pay a high premium to activate and use the policy again.
- Don’t Drive an Uninsured Car: You must avoid driving an uninsured car till the time the insurance plan gets activated or you buy another policy. In case you drive an uninsured car and meet with an unforeseen incident, in that case you will have to bear huge expenses involving third parties, yourself and your car.
- Opt for an Insurance Plan: Driving a car without an insurance plan on Indian roads is illegal, thus you should get your plan renewed online immediately. Also, if you want to buy a new plan, then make a thorough comparison before making any decision.
- Keep Your Documents Ready: Once you have decided the insurance plan that you wish to buy, contact the insurance company to check the documents and begin the process. Keep the basic documents handy like previous insurance plan copy, RC, etc.
- Get Ready for Car Inspection: Lastly, a surveyor appointed by the insurance company would come to inspect the car to confirm whether you are eligible to purchase car insurance or not. Once the inspection process is over, go ahead and buy the insurance plan as soon as possible.
Benefits of Renewing Car Insurance Plan with Magma HDI
You receive the following benefits if you decide to get your insurance plan renewed with Magma HDI:
- Offers paperless renewal
- Simple online claim initiation service
- An active and helpful customer care team
- Minimum documentation work required
- Add-ons offered to extend the insurance coverage
Explore Magma Car Insurance
Must Read Articles before buying Magma Car Insurance
- Read this article to find out what are the factors that have an impact on the cost of your car insurance premium when you purchase it with Magma Gener
- Purchasing insurance for your car is important as per the law. Read this article to know what to do if your Magma HDI car insurance policy gets lapsed
- You might be confused either car insurance covers windshield damage or not? Learn more.
- Bought a new Car? The Return to Invoice Cover may be a prudent purchase for you. Read this article to find out why.
- Small repair claim add-on helps for minor damages which is affordable without disrupting the accumulated no claim bonus component.
Magma Car Insurance User Reviews
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- Own Damage
- Cashless Garages
- Policy Download
- Customer Care
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Magma HDI Car Insurance Policy Renewal FAQs
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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