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Magma HDI General Insurance Co Ltd. came into existence with a joint venture between Magma Fincorp Ltd, Kolkata and HDI-Gerling AG Germany. Magma HDI aims to become the most preferred and responsible insurance company, catering needs of non-life insurance of all its customers with exemplary customer service. Magma Fincorp Ltd is India’s leading NBFC having a robust distribution network and wide penetration in rural India. The HDI-Gerling is a leader in insurance and financial services industries having the presence in about 150 countries. The latest Incurred Claims Ratio (ICR) of Magma HDI General for FY 2018-19 is 71%.
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Mr. Swaraj Krishnan
CEO and Director 
Mr. Jinesh M. Shah
Chief Investment Officer 
Mr. Gaurav Parasrampuria
Chief Financial Officer 
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