Magma HDI Health Insurance premium payment online

Magma HDI General Insurance Company offers a comprehensive range of health insurance solutions. These are designed to meet the diverse needs of individuals and families. Their flagship product, OneHealth, stands out by providing extensive coverage for hospitalisation expenses, outpatient care, and wellness initiatives. This policy alleviates the financial burden of unexpected medical emergencies. It rewards policyholders for maintaining a healthy lifestyle through fitness incentives and no-claims bonuses. They have customisable plans that cater to various age groups and health requirements. Magma HDI aims to enhance accessibility to quality healthcare across India.

Magma HDI emphasises the importance of securing health insurance in an era of soaring healthcare costs. It is a proactive measure against financial strain due to medical emergencies. The company’s commitment to transparency and customer satisfaction is evident in its high claim settlement ratio. Thereby ensuring that clients receive timely support when needed. Magma HDI simplifies purchasing and managing health insurance policies by leveraging technology for seamless online transactions. Thus making it easier for individuals to safeguard their health and financial well-being.

Purchasing Magma HDI Health Insurance online is now more convenient than ever. Customers can compare different plans and opt for the one that best suits their needs. Magma HDI Health Insurance providers also allow users to pay their premiums online, offering a hassle-free, fast process.

Magma HDI Health Insurance premium online payment can be done conveniently using the Bajaj Pay BBPS platform on BajajFinserv. The BBPS platform on BajajFinserv is a secure andaccessible avenue for users to handle your payments effortlessly. It is more than just connectivity; it is about making every part of your experience as smooth as your internet connection.

The Bajaj Pay platform ensures that every transaction is encrypted, safeguarding sensitive information, and providing peace of mind to families.

Benefits of paying Magma HDI Health Insurance premium online on Bajaj Finserv



  • Quick and hassle-free: With the Bajaj Finserv BBPS platform, you can pay insurance premium quickly and effortlessly.
  • Safe and secure: Bajaj Finserv provides a safe and secure payment platform on BBPS. Your payment details are secure with the platform’s robust security measures.
  • Multiple payment options: Bajaj Finserv offers multiple payment options, including debit card, credit card, net banking, e-wallet, and UPI. This allows you to choose the payment method that suits you best.
  • Instant confirmation: After making the payment, the platform immediately confirms the payment through an email and SMS.

Mode of payment

The Bajaj Pay platform offers a range of convenient payment options to pay your Magma HDI Health Insurance premium.

Let us explore the available modes:

  • Credit card/debit card: This is a widely accepted and convenient option. You can make payments using your Visa, Mastercard, or Maestro card issued by any bank in India.
  • Net banking: If you prefer online bank transfers, Bajaj Finserv integrates with major banks across India. Simply select your bank from the list and utilise your existing net banking credentials for secure payments.
  • Bajaj Pay UPI: This option leverages the Unified Payments Interface (UPI) for instant fund transfers. It is a secure and fast way to pay directly from your bank account using a UPI app.
  • Bajaj Pay Wallet: Bajaj Finserv also offers its own digital wallet - Bajaj Pay Wallet. If you have a Bajaj Pay account, you can easily make payments using the balance stored in your wallet.

Steps to pay Magma HDI Health Insurance premium online on the Bajaj Finserv website

  • Here is how you can pay your Magma HDI Health Insurance premium on the Bajaj Finserv website:

    1. Visit the official Bajaj Finserv website and log in to your account.

    2. Select ‘PAYMENTS’ from the menu and navigate to the ‘ALL PAYMENTS’ section.

    3. Navigate to the ‘BILLS AND RECHARGES’ tab and select ‘LIC/INSURANCE’.

    4. Select your preferred biller from the list of billers.

    5. Enter your policy number and verify your details.

    6. Choose the preferred payment mode (credit/debit card, UPI, Bajaj Pay, or net banking).

    7. Confirm the payment and receive an instant confirmation message and receipt.

    Steps to pay Insurance premiums online on the Bajaj Finserv app
    1. Open the Bajaj Finserv app on your mobile device.

    2. Log in to your account using your credentials.

    3. Navigate to the ‘BILLS AND RECHARGES’ tab and select ‘LIC/INSURANCE’.

    4. Select your preferred biller from the list of billers.

    5. Enter your policy details and select your payment method.

    6. Confirm the transaction and the payment receipt will be sent to your registered email or mobile number.

    Fees and charges

    Depending on the transaction amount and payment mode, a convenience fee of up to 2% (inclusive of applicable taxes) will be charged. For more information on fees and charges, click here.

    Note: For failed transactions, the total amount, including charges except taxes, is reversed.

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

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Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

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Frequently asked questions

What types of health insurance plans does Magma HDI offer?
Magma HDI offers various plans, including OneHealth, OneHealth Senior, and super top-up options tailored to individuals and families.

Are there any rewards for maintaining a healthy lifestyle?
Yes, the OneHealth policy provides rewards such as no-claims bonuses for policyholders who stay fit.

Can I customise my health insurance coverage?
Magma HDI allows customisation of coverage options based on individual needs and preferences.

What is Magma HDI's claim settlement ratio?
Magma HDI boasts a claim settlement ratio of 97%, reflecting their commitment to customer satisfaction.

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