Brief description of damages*
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*Please note: If you have checked the box, you will receive calls from Magma even
if you are on the DNC list.
Machinery Breakdown Policy covers your mechanical and electrical
machinery and equipment for which you are responsible or held in
trust and/or commission at the insured premises.
The policy is designed to provide cover against unforeseen and
sudden physical loss or damage to the machinery by any cause
subject to excepted risks. Machines are an integral part of all
manufacturing and industrial units be it large industrial
establishments or small and medium enterprises and any unexpected
accident/breakdown can adversely affect business.
The Machinery Breakdown Insurance covers sudden and unforeseen
damages arising from mechanical and electrical breakdowns and
accidental external means to insured's plant and machinery. The
cover is granted when the machinery is in operation or rest or in
the process of dismantling, overhauls or during subsequent
re-erection at the same premises.
Loss or damage due to:
Sum Insured shall be equal to the cost of replacement of the
insured property by new property of the same kind and same
Magma HDI General Insurance Co. Ltd. All Rights Reserved.
IRDAI Reg. No. 149 dated 22nd May, 2012. CIN: U66000WB2009PLC136327
Insurance is the subject matter of solicitation.
Images used on this website and the models photographed in them
are for representative purposes
only and are not indicative of anyone's personal thoughts or ideas
Magma and HDI names and logos are trade names/marks of Magma
Fincorp Ltd., and HDI Global SE
and are being used by Magma HDI General Insurance Co. Ltd., under
agreement with owners of such trade names/marks.
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You will be contacted from our customer service within 24 hours.
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And in case you don't get a call within 24 hours,
please call us on 180030023202 and quote this reference number.
If you are registered with DNC,
then please call us at 180030023202
Thank you for the application! We will contact you regarding your job application.