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5 Strangest insurances ever!

Buying insurance is not uncommon, one wants to secure the money involved in an asset and thus he gets it insured. But here is the funny part: people have insured things which are weird if not downright hilarious! So, without further ado, let’s jump on to 5 Most Strangest Insurance Policies Ever.

  • 1. Body Parts
    Insuring body parts has become a trend among celebrities. It started quite a while back and once the trend began, there was no turning back, Heidi Klum’s legs were insured for a whopping $2.2 million.
  • 2. Absconding Spouse
    Getting cold feet right before the wedding is a common occurrence. So, what happens to all the hard-earned money spent by your parents for the fancy wedding you wanted? To your relief, you can buy an insurance policy to recover the money spent if your partner decides to take off!
  • 3. Cigar
    Skansen museum in Stockholm exhibits a record-breaking cigar which is fully insured, for all the right reasons!
  • 4. Death By Laughter
    In the 1900’s, people were overly confident of their sense of humor. So much so that an insurer, Lloyd’s of London, had issued a $1m policy for film-goers, just in case they lose their life by laughing so hard.
  • 5. Alien Abduction
    Apparently, a lot of people have a huge fear of getting abducted by aliens. If you are one of those people, you can get an insurance from Lloyd’s of London,More than 20,000 Alien Abduction Policies have been sold till date.

Last but definitely not the least, if you planned for one child and got a surprise of multiple, you can get an insurance to pay for the expenses.

What you should do in case of accidents?

You’re driving safe. You’ve got your eyes on the road, and your seat belt on. But even if you do everything right, accidents well, they simply happen. While we know you’re doing your best to avoid accidents, here’s a list of essential tips to keep in handy in case you’re in an emergency:

  • If you or any of your passengers are injured, medical help is priority. Get first aid immediately.
  • Observe the site of the accident and note down all the details you can – from the location, to important number plates and names.
  • If there are eye-witnesses to the accident, make sure you note down their contact details, so you can follow up with them later.
  • Take pictures of the place where the accident happened. In times like these, every detail helps!
  • If the police have registered a case, remember to note down the case number.
  • Keep track of all the expenses you’ve had to undergo due to the accident. That means, don’t throw a single bill or receipt away!
  • Lastly, make sure you file your insurance claim as soon as you can! Because the sooner your insurance company knows about the incident, the sooner they can help you out.

In case of an unfortunate incident on the road, our no. 1 tip for you is the simplest: don’t panic! Stay calm, and keep a level head.
No matter where you are, always keep the accident no. on speed dial
Here’s to many safe, stress-free road-trips!


The new age insurance is changing the game.

The New Age insurance is evolving and we are seeing a lot of new age insurers entering the game alongside the traditional players


Traditional – Expensive as you pay for the operational costs
New age – Cost effective when the company is going paperless
Ease of Dealing


Traditional - As complicated as buying a house
New age – As easy as placing an order online


Traditional - As complicated as reading a report
New Age - As simple as reading an article


Traditional - Hurdles and bottlenecks throughout the process
New Age - Smooth sailing


Traditional - Maximum paperwork, more hassle
New Age - Minimum paperwork, maximum ease and convenience

Keep your car in great shape!

Your car gets you safely everywhere you want to go, but it requires that you take good care of it in order for it to keep running. Some of these simple maintenance issues can actually result in an accident or injuries. Take the time to make sure these 10 things are checked regularly and maintained as needed and avoid a potential accident or claim.

Tip 1: Change the oil. Neglecting oil level checks and fresh oil changes will not do your car any favours.

Tip 2: Change the oil filter. Check the oil level once a month and replace the oil filter regularly.

Tip 3: Check your brake fluid. Check when transmission fluid and power steering fluid need to be replaced as well.

Tip 4: Check the tyre pressure each month. You should check your tyres regularly by ensuring that they are properly inflated and that the wheels are aligned. Not only will you get better mileage, but your tyres will last longer too.

Tip 5: Check the windscreen wipers. Make sure they are not damaged and are in a good working condition, as driving without proper visibility is dangerous.

Tip 6: Change the air filter. Keep your engine clean by regularly replacing the air filter.

Tip 7: Check the windscreen. Inspect the windscreen for small chips and scratches. These are reasonably cheap to repair, while replacing an entire windscreen is expensive.

Tip 8: Check your lights. This means indicator lights, hazard lights and headlights. Replace burnt out bulbs immediately.

Tip 9: Check the dashboard. Don't ignore the dashboard if there are flashing lights or the temperature gauge is suddenly extra hot. Stop as soon as it is safe and read the manual to make sure it is safe to drive further.

Tip 10: Protect the exterior of the car. A coat of good quality wax will ensure that your vehicle paint is protected. Apply the wax every six months.

Keep your car in good running condition and it will keep you safe and in control on the road. It takes a short amount of time to check these important functions, but can save money, fuel, and even lives in the long run. Make sure the functions of your car aren’t the only thing you’re checking. Get Car Insurance at the best price and protect your prized possession!

A look at how far we've come and where we're headed.

When truth and transparency are built into the core of fibre of an insurance company, you know you are in trustworthy hands. This is the way of life at Magma HDI, and the fundamental reason it has been able to sell 1 million policies in FY19, as on February 21, 2019.

Having started operations only in 2012, Magma HDI has managed to build a strong reputation as a key player in the Indian insurance industry in a short span of time. It has steadily climbed growth charts with close to 1,000 employees, 169 135+ branches and 5,000-plus partners as opposed tofrom about 180 employees, 46 branches and 500 partners back in the year of its commencement.

So, what have been the key differentiators responsible for this success? The foremost reason is the company's utmost focus on honesty and transparency. When you choose Magma HDI, you get exactly what you have signed up for.

What's more, your struggle with endless, incomprehensible TnCs is over. Magma HDI believes in minimal TnCs that have important clauses are highlighted just as well as the other policy details. There are no hidden charges, and all costs are revealed to you upfront.

The company has a wide range of innovative retail and commercial products on offer that suit requirements of all kinds of buyers. It has over 50 products across categories to choose from and has issued more than 24 lakh policies till date.

The foundation on which Magma HDI has been able to build its standing is its high claim- settlement ratio. Magma HDI has settled 94.1% of claims generated in FY 17-18 compared to the industry average of 87.2%. Owing to this, Magma HDI has successfully settled more than 1.25 lakh claims till date.

Additionally, the claim settlement process is absolutely hassle-free. Almost 87.17% claims made in FY 17-18 were settled in less than 30 days compared to the industry average of 62.1%.

The insurance policy is written in an easy-to-understand language so that you know exactly what you are paying for. Magma HDI offers cost-effective bespoke pricing to accommodate every kind of customer and their needs and hence make access to insurance easier.

A good insurance provider must not only assure you and your loved ones of a safety net in times of need, but also offer you the much-needed peace of mind that the promises made to you will be kept. To check both these parameters off your list, go ahead with a trusted partner such as Magma HDI.

Buying insurance? We’ve removed the fear factors.

We understand your fears and apprehensions and here’s what we have done to put an end to that Magma HDI general insurance’s range of policy for your health and assets:

Insurance is no longer tedious

It’s as easy as shopping online. Get a quick quote generated online click here

Claims settlement is now transparent

We ensure a fair, transparent, and convenient claim settlement process.

In FY 17-18, Magma HDI has maintained a claim settlement ratio of 94.1% as compared to the industry average of 87.2%.

Our customer service wing works round the clock to have your queries addressed irrespective of the time of the day.

Perplexing T&Cs demystified

We believe in highlighting the important clauses of the Terms & Conditions,

You deserve Simple Hassle free claims!

At Magma HDI, ”Truth must be told” is the foundation of everything we do. Magma HDI has always attempted to change the game through significant efforts in making the claiming process simpler and less tedious. Securing the things most precious to you has never been this stress-free.

How Magma HDI liability insurance makes you a responsible citizen?

It is hard to name a single businessman who hasn’t taken risks, but you will know many brave ones who trusted luck and risked everything. Truth be told, as a responsible business owner and citizen, one needs to be prepared with and Magma HDI offers a wide range of liability policies

Compensation for damage/loss of property or human injury

Covers your legal liabilities towards damage to any third party, along with the legal costs and expenses incurred by the insured.
It applies to both industrial and non-industrial establishments.

Compensation for damage/loss of property or a human injury caused due to defects in product manufacturing

Even after ensuring the highest quality standards and assessment parameters, a manufacturing defect in products is still possible and can cause mishaps.
In such instances, Magma HDI Liability Insurance covers the liability to a third party.

Compensation for damage caused due to human negligence

Be it any professional– doctor, engineer or lawyer – involuntary errors and omissions could seriously impact their customers’ health, well-being, or financial stature.
Liability insurance will take care of any liabilities that may arise due to negligence while executing your responsibilities.

Smart and trusted businesses quickly compensates loss or damage that might occur during the regular course of business as they are backed by their Liability Insurance policies and so can you Click here for buying Magma HDI’s liability insurance Policy

Here is how Magma HDI is revolutionizing claim settlement.

Thanks to the technology, computers or the smart phone in your hand filing a claim has never been easier.

For instance in case your vehicle meets with an accident and when you make a claim, Magma HDI trusts you and lets you take charge of the process . You don’t have to fill lengthy forms, attach documents of proof, or undergo a tedious process in getting your claim registered. All you need to do is attach a soft copy of your request and documentation and email us, or better yet! Fill your claim form online.

You can simply conduct a quick self-survey by clicking pictures of the damage vehicle with your smartphone, send it to Magma HDI’s online ‘Claim Updation’, and before you get home, the customer support ninjas at Magma HDI would have begun actioning your request.

The support staff operates 24x7, 365 days a year, ensuring your claims are processed faster and these minor mishaps don’t create roadblocks in your life’s plans.

Apart from your faith and testimonial, we also have numbers backing us

Higher percentages just don’t make for an excellent report card! They also account for credible insurance providers., Magma HDI has been able to outclass industry average in claim settlements. While the general insurance industry averages 87.2%, Magma HDI notched ahead at 94.1% in FY 17-18, with only 5.9% outstanding claims. The extremely convenient and efficient claim settlement procedure at Magma HDI has ensured less than 30-day claim settlement for almost 87.17% of the total claims made in the year.

We believe that you should be in control when it comes to making a claim or registering a service. Insurance is built on trust, if there is a one-stop general insurance partner who understands your needs and empowers you with total transparency, look no further than Magma HDI.