Private Car


Private Car Insurance Package Policy

Your car is an expensive asset and you need a reliable partner to fall back should there be any untoward incident. Magma HDI's private car insurance package policy, covers damage to your car or any third party liability arising out of an accident

Additional Covers

Going for additional covers for your favorite vehicle will not cost much, but will deliver a great value.

private car insurance policy
Personal Accident Cover

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private car insurance quotes
Additional Legal Liabilities

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private car insurance plans
Bi-Fuel Kit

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Personal accident cover

Compulsory personal accident cover of Rs 15 lakhs for individual* owners while driving. However, this is not applicable for a company-owned car.

* Available only if the owner of the vehicle holds a valid driving licence

Bi-fuel kit

The CNG-LPG bi-fuel kit can also be covered by paying an additional premium

Insure your vehicle in few easy steps

Available Discounts

No Claim Bonus
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Voluntary Excess Discount
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AAI Membership
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Anti-Theft Devices
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No-claims bonus

If you do not make a claim during the policy period, a No-claims bonus (NCB) is offered at the time of renewal. This discount can go as high as 50% (NCB will only be allowed provided the policy is renewed within 90 days of the expiry date of the previous policy).

Transfer of NCB: You can also transfer full benefits of No-claims bonus when you shift your Motor Insurance Policy from another company.

Voluntary Excess Discount

You can avail more discount on the insurance premium, if you opt for a Voluntary Excess, in addition to the Compulsory Excess (Compulsory Excess is the amount of loss which the insured has to bear in each and every claim).

AAI Membership

You can avail additional discount, if you are a member of the Automobile Association of India (AAI), which is registered with IRDAI.

Anti-theft devices

If you have installed anti-theft devices approved by the Automotive Research Association of India (ARAI) in your car, you can avail 2.5% discount (or up to Rs 500) on your own-damage (OD) Premium.

  • Third-party liability

    This policy protects you against any legal liability towards third parties, arising out of the use of your vehicle, leading to any bodily injury to/on death of a person and any damage caused to the third-party property.

  • Loss or damage to the vehicle

    The policy also provides cover against any damage to or loss of your vehicle or its accessories due to the following natural and man-made calamities:

    Natural calamities

    Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide and rockslide.

    Man-made calamities

    Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity and any damage in transit by road, rail, air, inland waterway, lift or elevator.

Private Car Insurance
While we make every effort to give you the best possible services, any loss of or damage to your car and/or its accessories will be not be covered if caused by any of the following:
  • Normal wear and tear as well as general ageing of the car
  • Depreciation or any consequential loss
  • Mechanical/electrical breakdown
  • The car being used otherwise than in accordance with limitations as to use
  • Damage to/by a person driving the car without a valid licence
  • Damage to/by a person driving the car under the influence of drugs or liquor
  • Loss/damage due to war, mutiny or nuclear risk
  • Use of the vehicle in violation of the Limitation as to use clause, mentioned in the policy.
Sum Insured

For your convenience, we ensure that your vehicle is insured at a fixed value called the Insured's Declared Value (IDV). The IDV is calculated on the basis of the manufacturer's listed selling price of the vehicle (plus the listed price of any accessories) after deducting the depreciation for every year.

Here is a table that will help you calculate the depreciation:


Depreciation for vehicle

Not exceeding 6 months


Depreciation for vehicle

Exceeding 6 months but not exceeding 1 year


Depreciation for vehicle

Exceeding 1 year but not exceeding 2 years


Depreciation for vehicle

Exceeding 2 years but not exceeding 3 years


Depreciation for vehicle

Exceeding 3 years but not exceeding 4 years


Depreciation for vehicle

Exceeding 4 years but not exceeding 5 years

There is no third party independent rating for the best car insurance company in India as each player is good at some or the other things. At Magma HDI we make sure that you have a smooth and time saving experience when you buy new car insurance policy online with us.

Tired of shuffling through different websites for new car insurance rates? Still not able to find car insurance price in India? then look no further as may it be renewing or to buy new car insurance, Magma is a one stop shop for all your needs. Just complete a few steps and

buy car insurance online


Benefits of buying car insurance online in India are:

  • Save time
  • Get better price
  • skip agents fees
  • easy and convenient process
  • don’t takes more than few minutes
  • Trainees professionals

So what are you waiting for? Buy you private car insurance in India online now.