Bajaj Allianz Professional Liability Insurance Policy

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. 9440.

  • Loss of documents

    Any loss of documents by the practitioner which may lead to an allegation/demand compensation from a third party are 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 a 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

Policy Details

Bajaj Allianz Professional Liability Insurance Policy
Policy Type Individual
Starting Premium Rs. 9440
Renewal Lifetime Renewable
Tenure Annual
Sum Insured Rs. 50 lakh and Rs. 1 crore

Plans Available

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.9440, with maximum coverage of Rs. 1 crore.

Eligibility Criteria

The policy can be taken by the following professionals:

  • Only individual doctors can apply
  • Applicant to have nil claims in the past
Preferred Category Referred Category Declined Category
With no claim history Degrees - MBBS, BDS, BPT, BHMS, BAMS, MD, MDS, MPT, MS or higher Lifestyle-related cosmetic surgeons
Proposer with past claimsy As per limit opted

How to Purchase the Policy

  • To apply for the Liability Plan, click on the 'Apply Now' button and fill in your basic and health details. 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 be required to undergo a pre-policy medical examination at our network diagnostic centers.
  • Policy schedule, policy wordings, cashless cards and health guide will be sent to your mailing address.

How to Process the Claim

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

  • Immediate claim intimation
    Give immediate written notice to the Customer Experience team with all the available details.
  • Document submission
    Submit documents relating to the claim viz., claim form, incidence report, documents / details in relation to the reported claim, etc. considering the nature of reported claim.
    Our claims team will advise the exact list of requirements based upon the nature of claim intimated.
  • Claim settlement
    Once your claim is assessed and scrutinized, the settlement amount will be confirmed within 30 days of receipt of all the details/documents as per policy terms and conditions.

Major Policy Exclusions

Professional Liability Insurance for Doctors exclude the following incidents:

  • 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, willful 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
  • Refer the policy brochure for the complete list of exclusions.

Claim/Assistance Contact Details

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

Disclaimer

Conditions apply. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the Master policyholder. The insurance coverage is provided by our partner Insurance Company Bajaj Allianz General Insurance Co Ltd. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post-sale. This product provides insurance coverage under the product Bajaj Allianz Professional Liability Insurance Policy with the UIN: IRDAN113CP0031V01201920. Please refer to the insurer's website for Policy Wordings. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third-party products.