Mumbai, 04th October, 2024: Magma HDI, a leading general insurance provider in India, is excited to announce the launch of OneProtect—a contemporary personal accident insurance product. With over 20 customizable add-ons tailored to today’s lifestyle needs, OneProtect is the perfect companion for everyone including thrill-seekers and explorers.
As adventure travel continues to gain popularity among Indians, activities such as trekking, paragliding, and scuba diving have become top choices for holiday experiences. OneProtect empowers adventurers to pursue their passions with confidence, offering protection for a wide range of high-octane activities.
Another standout feature of OneProtect is the 200% coverage for accidental death while using common carriers like trains or aircraft. This makes OneProtect not just for adventure enthusiasts—but for anyone who travels whether for leisure or work.
In addition to these new age features, OneProtect offers several valuable add-on coverages, including:
- Loss of Income: If a person is injured in an accident during the policy period and is temporarily unable to work as a result, leading to a loss of income, this cover will provide support.
- Loan Secure: In case of an accidental death or permanent total disability, this cover pays a certain amount towards the outstanding loan
- Broken Bones: In case of fractures during an accident, this cover provides financial assistance.
- Burns: In case a person suffers burns in an accident, this coverage provides financial assistance.
Mr. Amit Bhandari, Chief Technical Officer at Magma HDI, emphasizes the importance of OneProtect: ” Accidents can never be predicted, whether it’s a simple fall in the bathroom, a fracture during your travels, a train derailment, or a firecracker mishap. OneProtect offers peace of mind in such situations. Designed for versatility, OneProtect allows you to choose from a wide array of more than 20 add-ons tailored to your lifestyle. Whether you’re a frequent traveler, an adventure seeker, managing a loan, or the primary earner in your family, OneProtect has you covered. As we welcome the festive season and many Indians set off on their annual vacations, it’s the perfect time to introduce our latest product: OneProtect which offers the right protection at the right time. At Magma HDI, we are committed to delivering innovative and inclusive insurance solutions that cater to the diverse needs of our customers.”
Customers can choose coverage durations of 1, 2, or even 3 years, allowing for flexibility to match their adventurous lifestyles. OneProtect also provides coverage for permanent partial and total disablement, as well as medical, surgical, and hospital expenses, creating a comprehensive safety net for everyone.