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Magma HDI General Insurance Processes its First Claim by NHCX Portal

Magma HDI General Insurance Co Ltd (Magma HDI) processed its first claim via the National Health Claims Exchange (NHCX) portal, making its debut on the NHCX.

The National Health Claim Exchange (NHCX) platform, launched by the National Health Authority (NHA), simplifies healthcare claims under the Central Government’s flagship Ayushman Bharat health project. The NHCX portal enables smooth and real-time information interchange among all major parties in the claim process, such as the healthcare provider, insurance, patient beneficiary, and government.

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Also read: Magma HDI General Insurance joins hand with Suryoday Small Finance Bank as their ‘Corporate Agent’ for providing Health Insurance

Amit Bhandari, Chief Technical Officer, Magma HDI said at the occasion, “The NHCX platform, designed to streamline and expedite the claims process, represents a significant advancement in the insurance sector. We believe it will play a significant role in furthering the insurance movement in the country. It testifies to our belief that technology can provide impetus to India’s insurance sector. Our first claim settled through the portal further demonstrates Magma HDI’s capabilities to align its processes with the Government’s vision for the industry. We look forward to settle more claims on the NHCX portal and become a part of the technological revolution that will positively impact India’s insurance sector.”

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