Here are five updates related to Professional Indemnity Insurance in India for doctors in the month of March 2024 to April 2024:
• March 2024: New Regulations for Medical Malpractice Insurance: The Indian government has announced new regulations for medical malpractice insurance, which will require doctors to have a minimum coverage of Rs. 5 crores. This move aims to provide better protection to patients and ensure that doctors are held accountable for any medical errors or negligence.
• March 2024: Increased Premiums for Doctors: Due to the rising cost of medical malpractice claims, insurance companies have announced increased premiums for doctors. This change is expected to affect doctors across the country, with some reporting a 20% to 30% increase in their premiums.
• April 2024: Mandatory Insurance for Medical Professionals: The Indian Medical Association has announced that all medical professionals will be required to have professional indemnity insurance by the end of April 2024. This move aims to ensure that doctors are better protected against medical malpractice claims and to provide better care to patients.
• April 2024: New Insurance Products for Doctors: Several insurance companies have launched new insurance products specifically designed for doctors. These products offer enhanced coverage and benefits, including coverage for medical malpractice, professional negligence, and other related risks.
• April 2024: Increased Focus on Medical Malpractice Prevention: The Indian government has announced a renewed focus on medical malpractice prevention, with a special emphasis on educating doctors and patients about the importance of medical malpractice insurance. This move aims to reduce the number of medical malpractice claims and to promote a culture of accountability among doctors.