The Magma HDI Car Insurance  Renewal Online is a product offered by the company. It is an online renewal  service that allows you to renew your car insurance policy with just a few  clicks. This service is available to all the customers who have an active  policy and they can renew their policy at any time of the year.
 The Magma HDI Car Insurance  Renewal Online has many benefits for its customers. One of them is that it  saves your time because you don't need to go to the branch office or call  customer service and wait on hold for hours before you can get your question  answered. 
 Another benefit is that it saves  money because you can do this from anywhere at any time and not have to waste  money on driving around looking for an office or waiting in line. Magma HDI Car  Insurance Renewal Online saves you time, money, and effort because it allows  you to do everything online, which takes very little time to complete.
 Before your car insurance  expires, it's important to try and renew it online. This will not only save you  money on premiums but also ensure that you have the proper level of coverage.  If you renew your car insurance before its expiry date you will save on the  premium. You will also be able to get good coverage for your vehicle.
Why Renewing Magma HDI Car Insurance Online is Important?
Magma HDI Car Insurance Renewal  Online is a must have for any car owner. It is important to have this insurance  policy because it protects you in the case of an accident or theft. 
 If you are looking for a renewing  your car insurance policy online, then Magma HDI Car Insurance is the right  place for you. They offer competitive rates and they have a wide range of  policies to choose from.
 Magma HDI Car Insurance Renewal  Online is a company that offers affordable car insurance policies to its  customers. They have been in the industry for more than 30 years and they are  always looking to provide better services.
 The company has been providing  insurance products since 1985 and they have an excellent track record when it  comes to customer service. They offer competitive rates and they also give  discounts on their policies if you use them for multiple years in a row.
  
    
      
        | Claim Settlement Ratio | 78.91% | 
      
        | Claims Outstanding | 5.59% | 
      
        | Claim settlement within 30 days | 86.55% | 
      
        | Branches | 130+ | 
      
        | Cashless Garages | 4000+ | 
      
        | Third Party Coverage | Up to Rs. 7.5 lakh | 
      
        | Own Damage Cover | Coverage for own car for its loss and damage | 
      
        | Personal Accident Cover | Up to Rs. 15 lakh for Owner-Driver | 
      
        | Claim Assistance | 24x7  Claim Assistance | 
    
  
 
What are the Benefits & Features of Renewing Magma HDI Car Insurance Online?
Renewing Magma HDI Car Insurance  Online is a simple process. You can renew your car insurance online at any  time, from anywhere in the world, with no extra fees.
 You can also renew your car  insurance online at any time, from anywhere in the world, with no extra fees.  The only thing you need to do is go to our website and choose the renewal  option that suits you best.
 Renewing car insurance online is  a convenient way without the hassle of visiting an insurance agent. Renewing  online can also save time and money, especially if you are renewing your policy  annually.
Online renewal can be done in a few simple steps:
1) Fill in the required details such  as car make and model, geographical location, registration date, and email  address.
 2) Select the type of coverage you  want
 3) Enter your details and other  details
 4) Renew the quote and purchase  your policy.
  
    
      
        | Benefits: 
            Third Party LiabilityLoss or Damage of the  vehicleNatural &  Man-made CalamitiesPersonal Accident  CoverAdditional Legal  liabilities for Paid Driver/unknown passengerBi-fuel KitLoss due to  electrical or non-electrical accessories. | Additional Coverages: 
            No Claim BonusVoluntary excess  discountAAI MembershipAnti-theft Devices. | Features: 
            Easy purchase and  renewalUseful discountsGood customer serviceFast and easy claim  settlement. | Add-ons/Riders: 
            Roadside assistanceEngine protectionZero depreciationTyre protect. | 
    
  
 
What Should You Do When Your Car Insurance Policy Expires?
You can do the following when  your car insurance plan expires:
  - Inform Your Agent
- Don’t Drive an Uninsured Car
- Opt for an Insurance Plan
- Keep Your Documents Ready
- Get Ready for Car Inspection
Benefits of Renewing Car Insurance Plan with Magma HDI:
You receive the following benefits if you decide to get  your insurance plan renewed with Magma HDI:
  - Minimum documentation work required
- Offers paperless renewal
- Simple online claim initiation service
- An active and helpful customer care team
- Add-ons offered to extend the insurance coverage.
How to Reduce the cost of your Magma HDI Car Insurance Renewal:
Magma HDI car insurance premiums  are based on factors like the distance covered, claim history, type, and age of  vehicle. Reducing the renewal costs of your car insurance can be done in two  ways:
The best place to get your car  insurance could vary by company, so it's a good idea to compare rates. Here are  the key factors which can influence your insurance premium:
  - Renew Policy before  it Lapses (In time)
- Opt for Voluntary  Deductibles
- Understand your needs
- Use the No Claim Bonus  (NCB)
- Renewing Online is  the Cheapest.
Many factors can affect the  timing and cost of the renewal. Factors include:-
  - The age of your vehicle
- The type of coverage that you  have
- Your driving history
- The price of your car and
- Your credit score.
  
    
      
        | THE CAPACITY OF THE VEHICLE’S ENGINE | REVISED PREMIUM RATES FOR FY 19-20 (RS.) | REVISED PREMIUM RATES FOR FY 20-21 (RS.) | 
      
        | Not exceeding 1000cc | Rs. 2,489 | Rs. 2,754 | 
      
        | Exceeding 1000cc but not exceeding 1500cc | Rs. 3,323 | Rs. 3,429 | 
      
        | Exceeding 1500cc | Rs. 7,372 | Rs. 7,452 | 
    
  
 
*  The displayed values were only intended to be representative of the readings,  if you want exact values compare quotes*.
  
    
      
        | Car Model | IDV | Zero Dep Cover | Premium | 
      
        | Renault Kwid | Rs. 5, 34,363 | Rs. 3378 | Rs. 7378 | 
      
        | TATA Tiago | Rs. 4, 93,338 | Rs.2933 | Rs.8289 | 
      
        | Toyota Innova Crysta | Rs. 2, 28, 388 | Rs. 3992 | Rs.7399 | 
      
        | Ford Fusion | Rs. 4, 32,299 | Rs. 1383 | Rs. 9479 | 
    
  
 
How to Renew Magma HDI Car Insurance Policy After Expired/Lapsed?
To enjoy uninterrupted coverage and to comply with the  legal traffic guidelines, you need to renew your insurance policy within the  due date. 
  - You can renew your  insurance policy online through the website of company.
- If you forget to  renew your insurance policy on time, the policy will lapse and its coverage  would stop. 
- Every insurance  company offers a grace period for renewal within which you can pay the premium  and your no claim bonus will remain active. 
- However, if the grace  period expires, the no claim bonus would lapse. 
- Then you can renew  your policy by contacting the insurance company. 
- The insurance company  will inspect the vehicle and offer you a fresh quote. 
- Pay the premium and  your policy will be renewed.
What if I decide not to renew my Magma HDI Car Insurance Policy?
If  you choose not to renew this policy, the cover ends and your vehicle no longer  has insurance. If you have decided not to renew your MAGMA HDI car insurance  policy, please contact us to start a claim.To cancel your MAGMA HDI Car  Insurance Policy, follow these steps:
  - Inform your insurer before the  renewal date. 
- If you're using an automatic  payment plan, be sure to contact your insurer and cancel before the first  payment of the renewal term is automatically deducted
- If you have not already, make  sure you cancel your policy before it renews by the end of the term. 
- If not, make sure to cancel  before paying for any services that may incur additional costs.
- Contact your insurer to see if  you need to submit a written letter of cancellation or if you can do so online  or over the phone.
What If I Don't Renew My Policy And Drive Without Insurance?
Driving without a car insurance  policy on the road is a crime you will be fined for that issue and a lot more  things been happened:-
  - Penalties and legal fines for  driving without insurance are Rs. 2000 and imprisonment of up to 3 months
- Third party liability
- Legal complications 
- Loss of No Claim Bonus
- Damage to Self.
Conclusion:
Magma HDI car insurance plan  offers protection to the policyholder against unfortunate accidents and other  mishaps. The insurance company offers financial assistance to the policyholder  for any damages or injuries incurred during the mishap. 
 However, each of the car  insurance plans comes with a limited validity duration after which the  insurance plan expires. Therefore, it is crucial to renew your car insurance  plan periodically to enjoy continuous insurance coverage along with various  other benefits.
 Magma HDI offers a simple insurance plan  renewal service, which is both hassle-free as well as paperless. “Don't forget to renew your car insurance before it  expires, as you'll avoid a gap in coverage where it will be void.”