Insurance Company
Magma General Insurance
Policy Name
OneHealth Premium
Expert Overview -
Magma General Insurance began operations in 2009 and offers health insurance as part of its general insurance portfolio. Over the years, it has steadily expanded its presence across retail and group health segments.
Plan Strategy -
Comprehensive health insurance policy providing medical coverage for hospitalization and related expenses
Network Hospitals
7,700+
>8,500 recommended
Claim Ratio
89.89%
>95% recommended
Complaints
14.3
<20 recommended
Policy Features
Policy Analysis Detail
Inbuilt Value
Strategic Verdict
Co-payment
If yes, you will have to pay part of bill
No co-payment
No Co-payment
Room Rent Limit
If higher-category room, you pay part of the bill
No room rent capping
No room rent capping
Disease sub-limit
Leads to some disease not getting covered fully
Sub limits on specified diseases
No sub-limit
No Claim Bonus
Bonus you receive every year on renewal
33% no claim bonus annually upto 100%
50% each year (Minimum upto 100%)
Restoration Benefit
Even after claim, base cover gets restored
100% restoration five times in a policy year
100% restoration once in a year
Pre-Hospitalization
Days covered before hospitalization
60 days
At least 60 days
Post-Hospitalization
Days covered after hospitalization
90 days
At least 120 days
Consumables
Coverage for non-medical consumable items
Non-medical consumables excluded
Consumables covered
Based on IRDAI Public Disclosures (2025-26)
Timing Constraints
Waiting Period Analysis
Initial Waiting Period
30 days
Specific Illness
2 years
Pre-Existing Disease
3 years
