Professional Indemnity Insurance for Doctors (Individual) of IADVL

What is Professional Indemnity Insurance?

This insurance applies to a legal claim arising out of bodily injury and/or death of any patient caused by or alleged to have been caused by error, omission or negligence in professional services rendered or which should have been rendered by the insured doctor or his/her qualified assistants named in the policy or any nurse or technician employed by the insured doctor.  

What it Covers?

The policy covers:

  • Clinical practice
  • Surgical procedures related to line of specialization i.e. Dermatology, Venereology & Leprology
  • Covers dermatological  surgery necessitated by accident/burns
    (LIST OF SURGICAL PROCEDURES COVERED ARE GIVEN IN THE ANNEXURE – I ATTACHED HERETO)

What it Does Not Cover?

Cosmetic Surgery is not covered in the policy.

What are Annual Indemnity Limits and Premium Structure?

National Insurance Company Limited is offering Indemnity Limits ranging from Rs 25,00,000/- to Rs 1,00,00,000/- on highly discounted rates of premium for the member doctors of IADVL. A discount of 75% on base premium rates are offered for member doctors. Policy can be opted by individual doctors by remitting the premium directly to National Insurance Company Limited. Clinical practice rates of premium are applied to Surgical procedures. Every care is taken to include all dermato surgical procedures in consultation with Executive Committee of IADVL. Please refer to Annexure-I for list of  dermato surgical procedures

What are the Premium Rates for Various Options?

Premium rates depend on the following:

  • Annual Limit selected
  • Ratio for Annual Limit and Per Event Limit
  • Rates for various options are discounted at 75%
  • Clinical practice and dermato surgical procedures are covered

Premium Payable 18% GST to be added to the premium rates quoted in the table

Annual Limit of Indemnity 1:1 1:2 1:3 1:4
1,00,00,000 5000 4000 3500 3000
75,00,000 3750 3000 2625 2250
50,00,000 2500 2000 1750 1500
25,00,000 1250 1000 875 750

How do you Take the Policy?

  • Fill up the proposal form, scan it and send it the email id quoted.
  • Select the Annual Limit and Per Event Limit Ratio . Transfer the applicable premium along with 18% GST to the notified bank account of NIC
  • Quote the membership number of IADVL in the proposal form. Quote the Medical Registration number in the proposal form. Quote the Qualification details

How the policy is serviced?

National Insurance Company Limited, which is a Government of India Undertaking, has pan India presence. Once the policy is issued, it will have a Customer ID. Based on this customer ID, the policy is serviced by any office of National Insurance Company Limited on Pan India basis.

What are exclusions?

  • Any criminal act or acts committed in violation of law or ordinance
  • Services rendered while under the influence of intoxicants or narcotics
  • Any procedure not related to the professional practice of doctor
  • All cosmetic procedures
  • The policy does not cover liability assumed by the insured doctor by agreement

What are conditions?

  • The doctor should give notice to the company as soon as any claim is made against him which forms the subject of indemnity under the policy
  • Every claim, writ, summons or process and all documents relating to the event shall be forwarded to the company immediately on receipt
  • The doctor should give all information and assistance to properly defend the case
  • If there are multiple policies, contribution clause will be applicable 

Are litigation charges payable?

These charges are called Defence costs. The company will pay all costs, fees and expenses incurred with the consent of the company in the investigation, defence of settlement of any claim made against the insured doctor. Reimbursement of Defence costs will be within the annual indemnity limit chosen by the insured doctor.

Whom to contact for policy?

National Insurance Company Limited, Gandhinagar Branch, 704, Moghul’s Court, Basheerbagh, Hyderabad - 500001 Telangana, India. The said office already issued Group Personal Accident Insurance Policy to member doctors of IADVL.

Contact Official

:

G.Subramanya Sastry

Email ID

:

G.Subramanyasastry@nic.co.in, 556004@nic.co.in 

Phone

:

040+23238933 / 7799903669

Downloads

Annexure - I Download
Annexure - II Download
Proposal form of Professional Indemnity Download

IADVL HQ Contact

IADVL HQ Official

:

Tanu Shekhar

Email ID

:

administrator@iadvl.org

Phone

:

8800891111

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