https://www.coveryou.in/blog/what-is-ulip-unit-linked-insurance-plan-why-should-doctors-invest-in-it/

Key differences between the 2023 and 2024 guidelines for Professional Indemnity Insurance for senior doctors

Here are the key differences between the 2023 and 2024 IRDAI guidelines for Professional Indemnity Insurance for senior doctors in bullet points:

2023 Guidelines:

Standard coverage limits for professional indemnity insurance policies

Standard waiting periods for pre-existing conditions to be covered

Generic professional indemnity insurance products

Standard claims handling process

Standard portability norms

Standard disclosure requirements

2024 Guidelines:

Higher coverage limits directed for policies targeting senior doctors

Reduced waiting periods for pre-existing conditions to be covered

Mandate for insurers to design customized products catering to senior doctors' needs

Dedicated channels and teams directed to handle senior doctor claims efficiently

Enhanced portability allowing transfer of accrued benefits like no-claim bonuses

Mandate for clear and comprehensive information on coverage, exclusions, claims process

The key differences in the 2024 guidelines aim to make professional indemnity insurance more accessible, comprehensive, and tailored for the specific needs of senior doctors in India, providing them with enhanced financial protection and peace of mind compared to the 2023 guidelines.