How to buy a doctor’s professional indemnity policy?
A doctor’s professional indemnity insurance policy covers third-party liabilities faced by medical practitioners. Even a small mistake during the treatment can cost a patient’s life. It can also result in disability or severe physical and mental trauma.
In such cases, the patient or the family can file an indemnity claim against the doctor or the medical establishment. These lawsuits can cause major financial stress. This makes the doctor’s professional indemnity insurance policy crucial.
Additional Read: How professional indemnity insurance can protect doctors?
There are two ways to buy this policy:
Offline – via an agent, broker or at the insurance company’s office
The traditional model involves physically meeting an insurance agent, broker or visiting an insurer’s office. You will then need to fill up a proposal form with details of your practice. Finally, once the premium is paid the insurer will get the policy underwritten. You will then be eligible for the coverage.
Online – via SecureNow’s website
Buying the policy online is the more convenient option. Insurance intermediaries, such as SecureNow, have digitized the process. Therefore, one just needs to visit the intermediaries website, provide contact details, select the coverage requirements and the preferred premium.
All steps from choosing the insurer and the policy, to filling up the proposal form and paying the premium can be done online. The company then issues the policy or the risk cover letter.
What are the modes to pay the premium?
The premium can be paid by cash, cheque or a demand draft. However, if you want to do it online the payment can be done via mobile or net banking (NEFT or RTGS).
Other digital modes of payment include mobile wallets, UPI, debit or credit cards.
Documents required for buying the policy:
The documents needed to buy a DPI policy include the proposal form, filled and signed by the proposer, and the KYC documents of the doctor or the medical establishment. Details of the doctor’s educational qualification too may be required. In some cases, the insurer may seek additional documents such as the nursing home or hospital certification.
Buying DPI through SecureNow
SecureNow allows you to compare doctor’s professional indemnity policies as per the coverage benefits. Our portal also offers tips from experts.
Moreover, SecureNow helps you with claim settlements. We have a panel of experienced advocates who can represent your case.
Besides, SecureNow has tie-ups with leading insurance companies to ensure that you find the best policy. We also assist in buying it online.
SecureNow’s experts can help you resolve other queries too.
Additional Read: How an insurance broker can help in buying the best DPI policy?
So, visit www.securenow.in or call 96966 83999 to check out the best DPI coverage options and buy the policy online.