Magma HDI General Insurance (Magma HDI), a joint venture between Magma Fincorp and HDI Global SE, Germany, launched its health insurance policy, OneHealth.
This product covers various medical conditions as well as lifestyle diseases which are covered rarely in the industry. The India State-Level Disease Burden Initiative's Report released recently states that lifestyle diseases now kill more people than communicable ones like tuberculosis or diarrhoea in every state in India. Very few of the existing health insurance policies cover lifestyle ailments like Lasik, bariatric surgery, IVF treatment and in-patient psychiatric treatments among others.
