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Malpractice Insurance

Malpractice insurance policy is a financial coverage plan that aims to protect medical practitioners against financial losses purported while rendering professional services. Being a type of professional indemnity insurance plan, it provides coverage against a patient’s claim of negligence.

The applicability of malpractice liability insurance plan extends in case of lawsuits filed by patients against a medical professional claiming financial losses suffered due to neglect, intentional errors or omissions during treatment. A professional malpractice insurance plan thus protects a doctor against such contingent financial losses.

Professional Risks Covered in a Malpractice Insurance Plan

Coverage under malpractice insurance for healthcare professionals extends to the following practice risks:

  • Cost of defence involved in litigation.
  • Financial damages from third party claims.
  • Losses sustained due to breach in confidentiality.
  • Financial losses incurred due to defamation, misrepresentation, reputation damage, etc.
  • Claims resulting in a lawsuit against professional services rendered.

Healthcare professionals can claim for such damages incurred during the period of insurance policy and within the coverage territory.

  • Features of Malpractice Insurance Plan

  • Sum assured of high value

    Insurance against malpractice claims falls under professional indemnity insurance plans for doctors. The sum assured for such claims is high-valued to cover for legal liabilities arising out of malpractice claims.

    Bajaj Finserv brings its Professional Indemnity Insurance for Doctors up to Rs.1 crore to provide financial protection against such claims.

  • Best in the market premiums

    Affordable premiums

    Healthcare professionals can avail a malpractice insurance cover against the payment of the premium amount. Such professional indemnity insurance plan from Bajaj Finserv is available at an affordable premium starting from Rs.9,440.

    Avail malpractice coverage to stay financially protected from specified claims. Complete hassle-free steps and submit necessary documents to enjoy a fast-tracked claim redressal.