Magma HDI Third Party Car Insurance

Your vehicle is a prized possession, and hence it needs to be insured from all liabilities. Magma Fincorp Limited and HDI Global SE Germany have partnered to form Magma HDI General Insurance Company Limited. Magma HDI third-party car insurance covers any loss or damage to the third party due to your insured car in an accident.  

The policyholders of the Magma HDI third-party car insurance policy are protected against financial and legal liabilities to third parties. Incidents such as injury or death of the third person as well as his/her property damage are covered under this third-party car insurance policy.

How does Magma HDI Third Party Car Insurance Work?

A third-party car insurance policy covers damages to a third-party vehicle as well as the injuries sustained by his/her. Magma HDI will also cover the costs arising from legal liabilities. What’s more important is that it is mandatory to have a third-party car insurance policy., which you can buy from Magma HDI too.

Magma HDI Third Party Car Insurance vs Comprehensive Car Insurance 

How to Buy Magma HDI Third Party Car Insurance?

To buy this car Insurance policy, follow the below steps. 

• Go to the official page of Magma HDI online.
• Choose the type of insurance coverage you want to purchase.
• Mention the required information in the form.
• Submit all the relevant documents, which include ID proof and KYC Documents.
• Pay the premium online. The policy will be issued instantly on the premium payment, and policy documents will be sent to your registered email id.

What All is Covered Under Magma HDI Third Party Car Insurance Plan?

• Third-party death or physical Injury: In case a third party individual suffers an injury due to an accident caused by your car, Magma HDI shall pay the cost for the treatment involved.
• Third-party property damage: Third-party property damage could result due to an accident. These damages are covered up to INR 7.5 Lakh...

What All is not Covered Under Magma HDI Third Party Car Insurance Plan?

• Damage caused to your own car.
• Outside of the defined geographical area, accidental damage, loss, or liability.
• Any damages caused directly or indirectly by ionizing radiation or radioactive contamination from any nuclear fuel or from any nuclear waste.
• Any accidental loss or damage caused by a nuclear weapon
• Any accidental damage arising due to invasion of foreign enemies, hostilities, civil war, mutiny rebellion, Military or usurped power.
• Damage or loss occurring outside of the insurance policy's defined geographical territory.
• Claims arising out of any contractual liability.
• Accidental losses incurred if a vehicle was being used otherwise than in accordance with the law, like overspeeding, riding a car under the influence of alcohol, etc.

Key Benefits of Purchasing Magma HDI Third Party Car Insurance Plan

• The policyholder will be protected against legal obligations arising from damage to the third party.
• When compared to complete car insurance, Magma HDI third-party car insurance is fairly affordable.
• This third-party car insurance requires less documentation and formalities. This is major because third-party insurance only covers third parties involved in the accident, not the insured vehicle.

Magma HDI Third Party Car Insurance Review

Magma HDI prevents you from legal and financial hassles in case of car accidents injuring the third party and the damage to the property. In addition, Magma HDI provides other features like cashless benefits, efficient customer service, quick claim settlement, etc. These features explain why Magma HDI Car Insurance is the most renowned company in the insurance market.