Professional Indemnity Insurance
For Doctors and Medical Practitioners
The policy protects professionals from financial losses due to claims of negligence, errors or omissions in their work. It covers litigation expenses when lawsuits arise and pays settlements whenever applicable.
Key Highlights
Out of Court Settlement
Policy can pay for an out of court settlement up to the limit of indemnity, this is subject to prior intimation to the Insurer and consent thereof, by the Insurer.
Retroactive Cover
Policy can cover work done prior to inception, as per the retroactive date.
Boosts Conversions
Organizing and presenting key information effectively increases the likelihood of turning your visitors into customers.
Compulsory Excess
The Insured has to bear a compulsory excess of 0.25% of the claim or Rs. 12,500 whichever is higher.
Multiple Claims
Multiple Claims can be paid up to the limit of liability within the policy period. Even if there is a single claim, the maximum compensation up to limit of liability can be paid.
Defense Cost
Policy covers legal liability arising out of defense cost, fees and expenses anywhere in India in accordance with Indian Laws.
Breach of Confidentiality
Policy covers claims arising due to loss of critical documents of the patient.
Loss of Documents
Policy covers claims arising due to loss of critical documents of the patients.
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Frequently asked questions
Here are some common questions about our company.
It’s a specialised policy that protects doctors and medical professionals from financial loss arising due to legal claims of negligence, errors, or omissions in their professional duties.
All practicing medical professionals, including doctors, surgeons and medical practitioners across specialties, are eligible.
Only those cosmetic surgeons who treat cosmetic procedures as part of a medical necessity or disease management are covered. This includes treatments for trauma, burns, congenital defects, or medically prescribed reconstruction.
Cosmetic procedures performed solely for aesthetic enhancement or personal improvement (such as those typically done for actors, models, or voluntary appearance changes) are not covered under this policy.
Yes, the policy covers legal liabilities and proceedings anywhere within India, under Indian jurisdiction.
You’ll typically need to submit:
- A copy of your medical registration certificate
- Valid ID proof
- Any previous indemnity policy details (for retroactive cover)
- A completed proposal form
50,000+ medical professionals trust Panacea Medicolegal for comprehensive protection
Join us to safeguard your practice and ensure peace of mind.