Download App image

Bajaj Finserv App

Indemnity Insurance

Professional Indemnity Insurance for Doctors

Indemnity Insurance for Doctors

What is Professional Indemnity Insurance Policy?

Professional indemnity insurance for doctors is a liability insurance for doctors that provides cover against professional risks such as negligent misdiagnosis, incorrect medicine dosage, surgery-related procedures or wrong course of treatment suggested, etc. 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 and can also protect doctors from any libel or slander.

  • Professional Indemnity Insurance Policy Features

  • Attractive coverage to suit all your needs

    Indemnity 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.

  • Best in the market premiums

    Best in the market premiums

    With premiums starting just from Rs. 9440, make your insurance policy affordable.

    Coverage amount (in Rs.) Premium incl. GST (in Rs.) Deductible for every claim (in Rs.)
    50 lakh 9,440 2 lakh
    1 crore 12,980 3 lakh

  • Exhaustive coverage against legal liability

    Exhaustive coverage against legal liability

    Get liability coverage against a wide range of professional risks:

    • 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 which takes place in the coverage territory during the policy period


  • Dedicated customer support

    Dedicated customer support

    With our dedicated claims team, we have a quick and convenient claims process in place for you. You can get in touch with your relationship manager via call or mail.

  • Speedy redressal of claims

    Speedy redressal of claims

    The settlement amount gets confirmed within 30 days of receipt of all the details/documents as per policy terms and conditions.

  • Hassle-free 3-step claim process

    Hassle-free 3-step claim process

    Get your claim in 3 easy steps-
    - Claim intimation
    - Document submission
    - Claim settlement

  • What is not covered under indemnity insurance policy?

    Professional Indemnity Insurance for Doctors does not cover the below-

    • 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

  • To know more about the terms and conditions on coverages and exclusions, please click here.

How to apply professional indemnity insurance?

Eligibility criteria for 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 claim for indemnity insurance?

  • Immediate claim intimation

Give immediate written notice to the Customer Experience team with all the available details. Please click here

  • 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.

Note: The above list of requirements is indicative and the exact list can be confirmed after knowing the cause and incidence of loss.

  • 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.

The Customer Experience team can be contacted via:

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


What is the purpose of professional indemnity insurance?

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

In a time where patients’ expectations of compensation are significant, and the costs associated with litigation are high, professional indemnity insurance is the need of the hour to protect your finances as a doctor. By investing in this policy, you can ensure that despite the 110% increase in the number of legal cases pertaining to medical negligence, your finances are protected, and you can carry on your business smoothly, without suffering from cash flow constraints. With our Professional Indemnity Insurance Policy, you can get up to Rs. 1 crore as coverage along with several benefits.

Who needs professional indemnity?

In a nutshell, 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. When it comes to medical professionals, establishments such as clinics, nursing homes and polyclinics are also advised to invest in a professional indemnity insurance policy.

Additionally, the list of professionals who would benefit from the coverage offered by a professional indemnity insurance policy includes engineers, architects, counsellors, financial consultants, chartered accountants, contractors and interior decorators.

How much does professional indemnity cost?

The cost of a professional indemnity insurance policy depends on a range of factors. To arrive at a figure, the insurer could take into account factors such as the sum insured, the revenue of the medical practitioner or establishment, the professional record of the prospective policyholder as well as the specialty of the medical professional. For instance, it is believed that as compared to a general physician, specialists such as cardiologists or gynecologists are more likely to encounter greater risks, at a higher frequency. This impacts the premium charged.

Apart from these factors, the size of the establishment, equipment, skill levels of the support staff such as nurses, limits of indemnity selected, as well as the ratio of limits are taken into consideration when determining 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 help insurers determine what is to be expected, and they adjust the premium accordingly.

However, to get a rough estimate, you can assume 0.2% to 1% of the sum insured to be the premium amount that 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. 9440

Is it a legal requirement to have professional indemnity insurance?

Whether or not professional indemnity insurance is a legal requirement for you depends on the nature of your profession. For doctors, for instance, it isn’t mandatory, but is highly recommended. The same applies to other service providers such as architects and engineers. Given the fact that it provides you with a safety net in the event that you’re caught in a legal liability, its benefits far outweigh the associated cost.

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

Public liability insurance and professional indemnity insurance may seem similar at first glance, but the difference between the two lies in the nuances. A public liability insurance policy is a must for a company whose operations can cause property 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 out of 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 make use of 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. The insurance coverage is provided by our partner Insurance Company. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. The above mentioned benefits and premium amount are subject to various factors such as age of insured, lifestyle habits, health, etc (if applicable). BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third party products.”