In built add on covers available in the policy
One of the leading insurers of liability in Indian insurance industry.
Insuring more than 35,000 medical practitioners annually across the country and growing.
We indemnify insured against the legal liability to pay compensation including defence costs, fees and expenses anywhere in India in accordance with Indian law.
Customers can also avail out of court settlement of claims (i.e. One need not go to court to settle their claim)
Protects you against claims arising from cases practised in the past years of practice (subject to continuity of cover with any insurance company, lower of the SI and narrower of the coverage).
Policy can be issued to any individual (age 18+), having valid doctor registration from multiple specialization (except pure cosmetics / beautification procedures).
Professional Indemnity insurance from ICICI Lombard General insurance a is designed to help you legally and financially if you ever make a professional mistake with your patients. It also helps to protect you against claims that are not your fault and will cover the below mentioned expenses /allegations :
Cover Your Legal fees and court awarded damages or settlement compensation to be paid against claims arising out of:
You may be a newly graduated professional or an experienced medical specialist or surgeon. It may not be an error but you may still be alleged, or you might have acted as a Good Samaritan.
Being a professional you may be held liable. Our insurance product is your protection against all such odds in case of your negligence or against any allegation related to your professional services. It will cover litigation expenses when lawsuits arise. It will pay settlements and awards whenever applicable.
Error, omission or an un-intentional negligence by a medical practitioner during diagnosis or treatment of the patient, which results in bodily injury, illness, sickness, adversities or death of the patient.
Professional Indemnity for Medical Practitioner is an insurance policy which covers Doctors for legal fees incurred and damages paid (If awarded by the court) for claims or demands raised by third parties (patients or their kin) alleging professional negligence. This Policy will also cover Legal Liability arising against them because of their staff.
Sum assured is referred to the limit of Indemnity. This limit is fixed per accident and per policy period which is called Any One Accident (AOA) limit and Any One Year (AOY) limit respectively and will be offered and reccomended as Ratio 1:1 only. Sum insured is mostly dependent on factors related Doctor Specialisation and city /type of customer’s doctor is offering services to. Limit of Liability can be from INR 500,000 to INR 50,000,000. Insured need to select and finalise the sum insured he is willing to opt for.
Both these Policies are totally different, Public liability policy are Premises Specific risk and and cover third party bodily injury /Property damage claims arising out of accidents and/or incidents emanating from the insured premises, from their business Operations. However Professional Indemnity is not specific to risk location and will cover claim arising due to Error, omission or negligence in treatment given by medical practitioner which results in bodily injury or death of the patient. Public liability Policy will exclude claims pertaining to Professional negligence.
Any qualified medical practitioner (such as Physician, Surgeon, Radiologist, Dentist, Anaesthetists, Gynaecologist, Paediatrician, etc.) who is rendering services to patients can consider to buy this policy.
Our Professional Indemnity for Medical Practitioner Policy protects you against:
Our Professional Indemnity for Medical Practitioner Policy protects you against:
Insured should immediately lodge a claim once he is receipt of complaint, written demand or a legal notice from a third party (patient or their kin, or any other third party) related to their Professional negligence with their insurance company.
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