Bajaj Allianz Professional Liability Insurance Policy

Among all the professions, doctors are the ones who face high financial risks and can be sued financially and legally for cases of errors or negligence. The Professional Liability Insurance plan offered by Bajaj Allianz covers the liability of doctors caused due to errors and omissions while delivering their services.

Key Features and Benefits

• 

  High coverage and best premium rates

  The Professional Liability Insurance for doctors offers high coverage, up to Rs. 1 crore. You can arrive at the coverage amount based on the size of your practice, the identifiable risks, and your budget. Bajaj Allianz offers the best in market premium rates starting from Rs. 9,440.

• 

  Loss of documents

  Any loss of documents by the practitioner which may lead to an allegation/demand compensation from a third party is covered under this policy.

• 

  Breach of confidentiality

  Any unintentional breach of confidential information from the doctor which leads to an allegation from a third party stands covered under the policy.

• 

  Libel and slander defamation

  Libel and slander can go a long way in tarnishing your reputation and hampering your business. But, with the Professional Liability Insurance Policy, you will have the funds and the legal counsel to take necessary action.

• 

  Exhaustive coverage against legal liability

  The policy offers liability coverage for a wide range of professional risks like:
  • Defence costs
  • Third-party damages
  • Breach of confidentiality
  • Libel and slander
  • Loss of documents
  • Claims arising out of professional services
  • Damages for loss arising out of a professional incident that takes place in the coverage territory during the policy period

Professional Liability Insurance Plan helps doctors to be protected against professional risks such as negligent misdiagnosis, incorrect medicine dosage, surgery-related procedures or wrong course of treatment suggested, etc. The plans are available starting from Rs. 9,440, with maximum coverage of Rs. 1 crore.

The policy can be taken by the following professionals:

• Only individual doctors can apply
• Applicant to have nil claims in the past

• Click on the 'Apply Now' button and fill in your basic and health details to apply for the Liability Plan. Our representative will get in touch with you to provide further assistance.
• Ensure that the information given in the form is complete and accurate.
• You may undergo a pre-policy medical examination at our network diagnostic centres.
• Policy schedule, policy wordings, cashless cards, and health guide will be sent to your mailing address.

You need to follow three simple steps to process the claims:

• Immediate claim intimation
  Give the customer experience team immediate written notice with all the available details.
• Document submission
  Submit documents relating to the claim, viz., claim form, incidence report, documents/details, etc., regarding the reported claim's nature.
  Our claims team will advise the exact list of requirements based on the nature of the claim intimated.
• Claim settlement
  Once your claim is assessed and scrutinised, the settlement amount will be confirmed within 30 days of receipt of all the details/documents per policy terms and conditions.

Professional liability insurance for doctors excludes the following incidents:

• The medical treatment given for weight loss, plastic surgery, genetic damages, and conditions associated with AIDS
• Criminal act, penalties, fines, punitive, and exemplary damages
• Intentional non-compliance, wilful neglect, deliberate act
• Loss of goodwill
• Medical practice done under the influence of alcohol or narcotics
• Losses arising due to an act of war/terrorism/invasion
• Losses arising due to fraudulent claims or contractual liability
• Claims based upon/ or losses/liability arising due to any actual or alleged unfair competition
• Losses arising due to insolvency or bankruptcy
• Note: Refer to the policy brochure for the complete list of exclusions.

Toll-free numbers: 1800-209-0144 /1800-209-5858
E-mail: https://www.bajajfinserv.in/reach-us.
Mailing address: 4th Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014