The private general insurance company ICICI Lombard has launched professional indemnity insurance for doctors, which covers all specializations and allows instant issuance of the policy. It is equipped with transparent and competitive pricing, a hassle-free claims process and a legal assistance service in the event of a claim.
“As professionals, physicians are vulnerable to human error for which they can be held responsible by relatives of patients. As a solution to situations of this nature, this policy has been designed to provide support to medical practitioners against the extent of the various human errors that can occur when providing professional services to patients,” ICICI Lombard said in a statement.
Professional liability insurance supports doctors legally and financially in the event of a dispute. Key features of this offer include coverage against legal liabilities such as defense costs incurred during the investigation, representation costs and compensation for claims arising from personal injury or death caused by error, omission and negligence, the statement said.
The company specifies that the product is available from its traditional distribution partners as well as on its website www.sme.icicilombard.com. It will also provide coverage against invalid claims where there is no fault of the practitioner by covering legal fees and settlement compensation payable against claims awarded by the court, or where there are allegations of malpractice. medical and legal action due to a breach of confidentiality. allegations, he added.
Sanjeev Mantri, executive director of ICICI Lombard, said doctors and healthcare professionals are subject to uncertainty and risk as they are on the front line to save lives. Error, omission or sometimes involuntary negligence are an integral part of their professional life.
“Any injured person has the right to claim damages for medical negligence against him. In such cases, our professional liability insurance protects doctors against all professional risks such as legal defense costs, compensation claims, injuries among others, as well as against invalid claims. As a company, we are committed to protecting the interests and providing the best financial and legal security to practicing physicians because they truly deserve the same,” Mantri added.
ICICI Lombard General Insurance Company offers its customers a comprehensive and well-diversified line of products, including auto, health, crop, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels.
ICICI Lombard, among other companies, provides end-to-end wellness solutions to its valued consumers through its insurance products. Doctors strive to do their best when it comes to saving lives. “However, there are uncertainties that can put their jobs at risk. Professional liability insurance for doctors in the SME category is an innovative offer from this leading general insurance company and continues to show their concern for to deliver an exceptional experience to their customers.
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