Features and benefits of Professional Indemnity Insurance
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Professional indemnity coverage of up to Rs. 1 crore for doctors
Get financial coverage against cases of medical malpractice allegations, breach of confidentiality allegations and loss of documents. Plan starts at Rs. 9,440.
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Coverage against loss of documents
Get coverage against any document loss that might give rise to a claim or a demand for payment from a third party.
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Covers breach of confidentiality
The policy covers any unintended disclosure of the insured's information that may result in a third party making an accusation.
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Covers libel and slander defamation
Provides financial assistance to get legal counsel and take necessary actions against libel and slander defamation.
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Exhaustive coverage against legal liabilities
The policy offers coverage against defence costs, third-party damages, and claims arising from professional liabilities.
Features and benefits of Property Insurance
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Coverage against loss/damage of contents
Get coverage against loss/damage to your furniture and fixtures, electronic items, kitchen items, clothing and personal belongings and other products that you have insured.
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Jewellery and valuables coverage
Covers accidental loss or damage due to fire, theft and vandalism to jewellery and valuables.
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Coverage against losses from burglary and theft
This property insurance policy covers your home against loss from burglary and theft.
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Covers emergency purchase of food and essentials
Covers emergency purchases of food, clothing, medicines and daily essentials worth up to Rs. 20,000.
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Curios, works of art, and paintings cover
Covers accidental loss or damage to curios, works of art and paintings stored in your building. Item valuation will be done by a government-approved valuer and approved by the insurer.
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Portable equipment cover
Covers any accidental loss or damage to portable equipment anywhere in India. This cover can be extended globally by paying an additional premium.
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Optional add-ons
Get the option to avail additional protection for your home and its contents with the following add-on covers:
• Loss of rent cover
• Key and lock replacement cover
• Temporary resettlement cover
• ATM withdrawal robbery cover
• Lost wallet cover
• Dog insurance cover
• Public liability cover
• Employee’s compensation cover
Frequently asked questions
Given below are the different types of property insurance:
• Commercial property insurance
• Natural disaster insurance
• Homeowner's insurance
• Renter's insurance
Property Insurance plans don’t cover loss or damage caused to the property due to a warlike situation, pollution, contamination, or electrical breakdown is generally not covered under property insurance.
As per the Reserve Bank of India and IRDAI, buying property insurance is not mandatory to get a home loan.
Rental property insurance provides coverage against non-owner-occupied properties. This type of insurance policy includes the following elements:
• Dwelling coverage
• Personal property coverage
• Liability coverage
• Loss of rent coverage
A commercial property insurance cover protects commercial properties against financial damages caused due to a natural disaster. Manufacturers, retailers, non-profit firms and service-oriented businesses generally need commercial property insurance.
RBI or IRDAI have not mandated buying property insurance. However, it is recommended because it provides coverage against damage or loss incurred due to man-made or natural calamities.
Professional indemnity insurance policy for doctors covers 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. The policy also covers legal Liability arising against them because of their staff.
Professional indemnity insurance coverage can be useful for any qualified medical practitioner, such as Physicians, Radiologists, Anaesthetists, Dentists, Gynaecologists, Surgeons, Paediatricians, etc. who are rendering services to patients.
