Private Car


Private Car Insurance Package Policy

Your car is very close to your heart, and why shouldn’t it be? Thus, we would love to help you protect it from any untoward incident. With Magma HDI's Private Car Insurance Package policy, we not only cover your car against all the major damages but we also take care of the third party liabilities that may pop up during an accident. Click on the button below to check and buy car insurance policy online –

Additional Covers

The additional cost for the additional covers will definitely be worth it. It would be minimal in the first place.

private car insurance policy
Personal Accident Cover

Know more

private car insurance quotes
Additional Legal Liabilities

Know more

private car insurance plans
Bi-Fuel Kit

Know more

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 license.

Bi-fuel kit

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

Online Car Insurance in few easy steps

Available Discounts

No Claim Bonus
Know more
Voluntary Excess Discount
Know more
AAI Membership
Know more
Anti-Theft Devices
Know more
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 car insurance 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 one insurer to another.

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 or 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 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 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 other than in accordance with prescribed ‘limitations as to use’

• Damage to / by a person driving the car without a valid driving license

• 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.

The following numbers 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


Tired of surfing different websites for new car insurance rates and still not able to find the best plan? Search no more as you have landed at the right place for Online Car Insurance needs. At Magma HDI, we make sure that you have a smooth and time saving experience when you buy Private Car Insurance Online or traditionally with us. Also, we will be more than happy to help if you choose us for your Car Insurance Renewal.

Buy Car Insurance Policy Online in India and get the following benefits:

  • Save time
  • Get better price
  • Skip agent’s fees
  • Easy and convenient process
  • Trained professionals at your service

So what are you waiting for? Buy Car Insurance Policy online now.



Have us call you