– The latest offering is classified under the SME category
– Covers legal liability incurred during investigation, cost of representation, compensation for claims, omission, as well as negligence while rendering professional services
Mumbai, May 18, 2022: ICICI Lombard, one of the leading private general insurance companies has launched Professional Indemnity Insurance for doctors. This new offering covers all specializations, provides instant policy issuance, and comes equipped with transparent and competitive pricing, a hassle-free claim process, and legal counsel services support in case of claims.
As professionals, doctors are vulnerable to human errors where they can be held liable by the kin of the patients. As a solution to situations of such nature, this policy has been curated to provide support to medical practitioners against the scope of various human errors that can happen while rendering professional services to patients.
Speaking on the same, Mr. Sanjeev Mantri, Executive Director, ICICI Lombard said “Doctors and healthcare professionals are prone to uncertainties and risks while they are in the forefront to save lives. Error, omission, or at times unintentional negligence are a part and parcel of their professional life. Any aggrieved person possesses the right to claim damages for medical negligence against them. In such cases, our Professional Indemnity insurance safeguards doctors against all professional risks such as legal defense costs, compensation claims, injury among others, as well as against invalid claims. As a company, we are inclined towards protecting the interests and providing the best financial and legal security to the medical practitioners as they truly deserve the same.”
Professional Indemnity insurance supports doctors both legally and financially in the event of a law suit. The key features of this offering comprises of coverage against legal liabilities such as defense costs incurred during investigation, cost of representation, and compensation for claims arising out of bodily injury or death caused due to error, omission and negligence.
It will also provide coverage against invalid claims where there is no fault of the practitioner by covering the legal fees and settlement compensation to be paid against the claims awarded by the court, or in cases of medical malpractices allegations and legal suit due to breach of confidentiality allegations.
ICICI Lombard, among other companies, delivers end-to-end wellness solutions to its valued consumers through its insurance products. Doctors are focused on giving their best when it comes to saving lives. However there are uncertainties which can put their job at stake. The professional indemnity insurance for doctors under the SME category is an innovative offering from this leading general insurance company and goes on to show their focus on delivering a stellar experience to their customers. The product is available with our traditional distribution partners as well as on our websitehttp://www.sme.icicilombard.com
About ICICI Lombard General Insurance Company Ltd: We are one of the leading private sector non-life insurers in India. We offer our customers a comprehensive and well-diversified range of products, including motor, health, crop, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels. More details are available at http://www.icicilombard.com.
