Magma HDI Car Insurance Renewal

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Magma HDI General Insurance has effectively shielded policyholders from financial losses due to damages caused by accidents or theft. Therefore, it is cost-effective to provide the policyholders with a shield against life's unforeseen events. However, the insurance policy comes with an expiry date. Thus, to enjoy all these benefits, do Magma HDI car insurance renewal on the due date without fail. 

It is illegal to drive a vehicle with an expired car insurance policy in India. If caught, the driver will be prosecuted by law. In some extreme cases, defaulters have also been sentenced to serve prison time for not carrying a valid car insurance policy while driving. However, the process of buying Magma HDI car insurance renewal is exceptionally straightforward. Here, in this article, we will learn more about the online and offline renewal buying process. In addition, we will also be discussing more about the many benefits that Magma HDI car insurance renewal has for policyholders.

Magma HDI Car Insurance Policy Renewal - Online Process

To avoid the risk associated with your four-wheeler, doing the renewal of Magma HDI car insurance policy before its expiry is necessary. So, follow the below steps to renew the Magma HDI car insurance policy.

  1. Log in to the official website of Magma HDI.
  2. Navigate to ‘private car package policy’ and then on to ‘renewal’.
  3. Click on ‘renew now’.
  4. Fill in the renewal form by mentioning accurately your policy number. registration number and chassis number.
  5. Choose the renewal quote of your choice.
  6. Select your preferred add-ons.
  7. Submit all the required documents.
  8. Make the payment through NEFT/credit card/debit card, etc.

After following these steps, your Magma HDI car insurance renewal will complete. The renewed policy document will be sent to your registered email ID the second you make payment for your renewal. You can download the PDF file to keep as a soft copy on your smartphone or take a printout of the same to keep as a hard copy.

Magma HDI Car Insurance Policy Renewal - Offline Process

Policyholders can renew their insurance policy via offline method as well. Below are the steps to renew the Magma HDI Insurance Policy. 

  1. Visit the nearest Magma HDI branch to renew your car insurance policy.
  2. Collect the renewal form and fill it with your existing policy details.
  3. Also, fill in your personal details.
  4. Choose the renewal quote of your preference.
  5. You can also choose any of the offered add-ons with your renewal.
  6. Submit a copy of all the required documents.
  7. Make payments with the help of cash, cheque, or DD at the branch office.

Your four-wheeler insurance policy will be renewed within a few days. The policy document can be collected by you in person, or it will be sent to your registered postal address within a few days.

Magma HDI Car Insurance Renewal Benefits

Renewing the car insurance policy is pretty simple; it is recommended to renew the policy quickly prior to the expiry. Below are the benefits of Magma HDI car insurance renewal. 

  • The Magma HDI car insurance renewal provides the option of a no claim bonus for a policyholder who has not made a single claim throughout the entire policy term.
  • The company offers a paperless renewal process for the policyholders.
  • You can be sure to receive 24/7 emergency assistance throughout the year.
  • A large selection of add-ons is available for policyholders to choose from. In addition, you can select riders depending on the type of insurance policy you own.
  • Provides financial and legal security to the policyholder in the event of an accident.
  • Provides peace of mind to the policyholders by immuning them against financial and legal liabilities.
  • A cashless claim settlement facility is also available.
  • Repair and replacement services are available at several locations in the country.

Magma HDI Car Insurance Renewal FAQs

  • 1. Is it possible to change the nature of the policy on Magma HDI car insurance renewal?

    You can apply for add-on covers upon Magma HDI car insurance renewal.

  • 2. Through which mode can I renew the Magma HDI car insurance policy?

    Policyholders can renew their Magma HDI Car insurance policies via online and offline modes. 

  • 3. Can my NCB benefit be transferred to my renewed Magma HDI car insurance policy?

    Yes, you can transfer your previous NCB benefit to your newly-renewed policy with Magma HDI.

  • 4. Does Magma HDI send a hard copy of the policy document if I buy and renew the policy online?

    A hard copy of the Magma HDI car insurance insurance policy document can be sent to your registered address when you purchase it. Getting the renewed document in a hard copy form from the insurance company.

  • 5. Can I opt for riders while renewing the Magma HDI car insurance Policy?

    If your existing policy is a comprehensive policy or a standalone policy, you are free to choose any add-on cover with it. In addition, you can add riders to your policy document at the time of renewal.

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