Magma HDI General Insurance is Awarded the best BFSI brands by The Economic Times & Golden Peacock Award for Risk Management in 2019

February 05 22:29 2020

Magma HDI General Insurance Company Ltd. has been recognised as one of the best BFSI brands of 2019 by The Economic Times, a leading daily from The Times of India Group. The award has been granted on the basis of secondary research, followed by a consumer survey.

With humble beginnings in 2012, today Magma HDI is 160+ branches and 1000+ employees strong, and has been the preferred insurer of 24 lac+ customers.

The Risk Management division is a vital element for any insurance company. Magma HDI’s Risk Management framework received due recognition when the company was declared the Winner ofthe Golden Peacock Award for Risk Management 2019 in the Insurance sector (Life and General). The company presented its risk framework and initiatives such as DLP, ORM, FCU, DR, BCP and Info Sec, thereby showcasing its robust risk management practices. The winner was picked by the Awards Jury under the Chairmanship of Hon’ble Justice (Dr.) Arijit Pasayat, former Judge of Supreme Court of India. It was presented to the company in a glittering ceremony held on 16thJanuary, 2020 in Singapore.

Golden Peacock Awards,instituted by the Institute of Directors (IOD), India in 1991, and designed to improve productivity and quality in organizations, are now regarded as a benchmark of Corporate Excellence worldwide.

To have one feather in the cap is wonderful, but to have two is incredible! Magma HDI’s collaborative approach, its values focused to serving customers & channel partners have resulted in itsunceasinggrowth, and brought them these accolades.

About Magma HDI General Insurance

Magma HDI offers general insurance plans for individuals such as bike and commercial vehicle insurance, health insurance, home Insurance, personal accidental Insurance and for businesses such as property & fire insurance, liability insurance, marine insurance and, more.

For more information about Magma HDI General Insurance and its products, visit their website:

Media Contact
Company Name: Magma HDI General Insurance Company Ltd.
Contact Person: Ms. Diana Monteiro
Email: Send Email
Phone: 1800 266 3202
Country: India

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