Features and benefits of professional indemnity insurance policy

  • Customisable amount
    Get coverage up to Rs. 1 crore with indemnity insurance for doctors based on the size of your practice, identifiable risks, etc.
  • Best-in-market premiums
    Keep your policy affordable with premiums starting at Rs. 9,440 for Rs. 50 lakh coverage.

Coverage amount (in Rs.)

Premium incl. GST (in Rs.)

Deductible for every claim (in Rs.)

50 lakh


2 lakh

1 crore


3 lakh


  • Exhaustive coverage
    Stay financially protected against a wide range of professional risks and legal liabilities
  1. Defence costs
  2. Third-party damages
  3. Breach of confidentiality
  4. Libel and slander
  5. Loss of documents
  6. Claims arising out of professional services
  7. Damages for loss arising out of a professional incident which takes place in the coverage territory during the policy period
  • Dedicated claims team
    Get in touch with your relationship manager via call or mail anytime you need to claim insurance.
  • Speedy claims redressal
    Have the settlement amount confirmed within 30 days of receipt of the details/documents as per policy terms and conditions.
  • Easy claims process
    Get your claim in 3 easy steps: Claim intimation, document submission, and claim settlement.

What is a professional indemnity insurance policy?

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. It provides coverage in case a patient or any third-party claims injury, harm, death, or financial loss due to the insured medical practitioner’s service, consultation, or advice. It can also protect doctors from any libel or slander.

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What is not covered under an indemnity insurance policy?

Professional indemnity insurance for doctors does not cover the following:
  • 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: Please view the professional liability insurance policy to know more about the terms and conditions on coverages and exclusions.

Eligibility criteria for professional indemnity insurance:

  • 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 claims

As per limit opted

How to apply for professional indemnity insurance

To avail of indemnity insurance for doctors up to Rs. 1 crore:

  1. 1 Click on "Apply Online" above to open our online application form
  2. 2 Provide personal details and generate an OTP
  3. 3 Enter professional details as required
  4. 4 View the policy options and select the right policy
  5. 5 Make the payment for the insurance
  6. 6 Await policy issuance

How to claim an indemnity insurance

  1. Immediate claim intimation
    Give the customer experience team an immediate written notice with all the available details through the liability insurance claims form.
  2. Document submission
    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.

    Our claims team will advise on the exact list of requirements based upon the nature of the claim intimated.

    : The above list of requirements is indicative, and the exact list can be confirmed after knowing the cause and incidence of loss.
  3. 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 as per policy terms and conditions.

Contact the customer experience team through:

  • Toll-free number: 1800-209-5858
  • Email: bagichelp@bajajallianz.co.in
  • Customer service website
  • Mailing address: Bajaj Allianz General Insurance Co. Ltd. - Bajaj Allianz House, Airport Road, Yerwada Pune- 411006

FAQs about professional indemnity insurance

What is the purpose of professional indemnity insurance?

As a medical practitioner, if you face allegations of malpractice, negligence, misdiagnosis, incorrect treatment, etc., a professional indemnity insurance policy will provide coverage to protect your finances. The purpose of professional indemnity insurance is to safeguard doctors from professional risks such as legal defence costs, claims for compensation, injury, damage borne by a third party, or breach of confidentiality, amongst others.

When patients’ expectations of compensation are significant and the costs associated with litigation are high, professional indemnity insurance protects your finances as a doctor. By investing in this policy, you can ensure your finances are protected and carry on your business smoothly without suffering from cash flow constraints.

Who needs professional indemnity?

Any professional who guides, advises, or provides services to clients or companies should opt for professional indemnity insurance. This usually includes doctors such as surgeons, consultants, physicians, pathologists, and specialists. For medical professionals, establishments such as clinics, nursing homes, and polyclinics are also advised to invest in a professional indemnity insurance policy.

How much does professional indemnity cost?

As a rough estimate, you can assume 0.2% to 1% of the sum insured to be the premium amount you will have to pay. With Bajaj Finserv, you can get professional indemnity insurance of up to Rs. 1 crore with affordable premiums starting as low as Rs. 9,440.

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. 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. This impacts the premium charged.

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.

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 number of claims and the claim amounts helps insurers determine what is to be expected and adjust the premium accordingly.

Is it a legal requirement to have professional indemnity insurance?

For doctors, professional indemnity insurance isn’t mandatory but is highly recommended. Given that it provides you with a safety net if you’re caught in legal liability, its benefits far outweigh the associated cost.

What is the difference between public liability and professional indemnity insurance?

A public liability insurance policy is a must for a company whose operations can cause property damage or physical damage to persons. A public liability policy also covers the scenario where a third party suffers from physical or property damage owing to being present at the business premises.

On the other hand, professional indemnity insurance covers liabilities in a more tailored fashion. It covers liabilities strictly arising from a professional’s services, advice, or guidance, provided to a client or recipient. For instance, if a patient is suspicious of medical negligence on the part of a doctor, he or she may file a legal complaint. To address the costs associated with such a complaint, the doctor can use a professional indemnity insurance policy.

Disclaimer - *Conditions apply. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the Master policyholder. Our partner Insurance Company provides the insurance coverage. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. The benefits mentioned above and the premium amount are subject to various factors such as the age of the insured, lifestyle habits, health, etc. (if applicable). BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance, and post-sale claims. This product provides insurance coverage. Purchase of this product is purely voluntary. BFL does not compel any of its customers to purchase any third party products mandatorily.

*Conditions apply

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