![]() The PII Guide to Renewal 2023/2024, Common Proposal Form 2023/2024, and list of brokers are available below. The number of claims and the claim amounts help insurers determine what is to be expected and adjust the premium accordingly.View information and resources for PII Renewal below. Lastly, if you’re renewing your policy, remember that the number of claims you have made in the past will have a bearing on the premium. The size of the establishment, equipment, skill levels of the support staff such as nurses, limits of the indemnity selected, and the ratio of the limitations are also considered to determine the premium. For instance, as compared to a general physician, specialists such as cardiologists or gynaecologists are more likely to encounter greater risks at a higher frequency. However, to arrive at a figure, the insurer will consider factors such as the sum insured, the revenue of the medical practitioner or establishment, the professional record of the prospective policyholder, and the speciality of the medical professional. 1 crore with affordable premiums starting as low as Rs. With Bajaj Finserv, you can get professional indemnity insurance of up to Rs. Bajaj Allianz House, Airport Road, Yerwada Pune- 411006Īs a rough estimate, you can assume 0.2% to 1% of the sum insured to be the premium amount you will have to pay. Mailing address: Bajaj Allianz General Insurance Co.Once your claim is assessed and scrutinised, the settlement amount will be confirmed within 30 days of receipt of all the details/ documents as per policy terms and conditions.Ĭontact the customer experience team through: Note: The above list of requirements is indicative, and the exact list can be confirmed after knowing the cause and incidence of loss. Our claims team will advise on the exact list of requirements based upon the nature of the claim intimated. Submit documents relating to the claim viz., claim form, incidence report, documents/ details concerning the reported claim, etc., considering the nature of the reported claim. Give the customer experience team an immediate written notice with all the available details through the liability insurance claims form. Civil liability insurance: This covers all the risks that are not included in basic personal indemnity insurance policy.It protects against the financial risks that come with carelessness, mistakes, and omissions. Errors and omissions insurance: This is designed for business professionals.Malpractice insurance: This is generally designed for medical professionals, and can be used in cases where a mistake causes harm to a client.There are mainly 3 types of professional indemnity insurance cover that you can get: Types of professional indemnity insurance in India Here, the insurer charges a premium and in exchange, promises to cover doctors/ medical practitioner against such expenses. An Indemnity Insurance covers the expenditure resulting from any litigations without digging a hole in your savings. How does indemnity insurance work?įor medical practitioners or doctors, medical indemnity insurance works as a shield that protects them against any allegations that may be made due to an unfortunate mishap whilst performing a medical procedure. Such incidents can come with heavy expenses. ![]() It can also protect doctors from any libel or slander. It provides coverage if a patient or any third-party claims injury, harm, death, or financial loss due to the insured medical practitioner’s service, consultation, or advice. Professional indemnity insurance for doctors is liability insurance that provides coverage against professional risks such as negligent misdiagnosis, incorrect medicine dosage, surgery-related procedures, and wrong course of treatment. What is a professional indemnity insurance policy? Get your claim in 3 easy steps: Claim intimation, document submission, and claim settlement. Have the settlement amount confirmed within 30 days of receipt of the details/ documents as per policy terms and conditions. ![]() ![]() Get in touch with your relationship manager via call or mail anytime you need to claim insurance. Damages for loss arising out of a professional incident that takes place in the coverage territory during the policy period.Claims arising out of professional services.Stay financially protected against a wide range of professional risks and legal liabilities Keep your policy affordable with premiums starting at Rs. 1 crore with indemnity insurance for doctors based on the size of your practice, identifiable risks, etc. ![]()
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