Policybazaar for Business and Young Ophthalmologist Society of India Join Forces to Shield India’s Young Ophthalmologists from Litigation Risks

PBFB Reports 6037 Growth in Demand for Professional Indemnity Insurance Among Indian Ophthalmologists6037 growth in lead traffic from eye specialists8037 growth demand from specialists in general12537 increase in policies soldPolicybazaar for Business PBFB a leader in customized insurance solutions for healthcare professionals has partnered with the Young Ophthalmologist Society of India YOSI to offer members better access to specialized insurance plans PBFB realized a need to educate and support these doctors with risk management Typically under the age of 40 these doctors are at high risk of litigation and have neither the necessary tools nor the means to navigate through its complexitiesPBFB has noticed an upward trend in the demand for PI among Indian eye specialists this year Since March 2024 there has been a 7537 increase in the number of queries for PI from eye specialists in TierI cities and 10037 in Tier2 and Tier3 combined This reiterates that the need for awareness and better customization of insurance features for these doctors is highly pertinentThrough the partnership with YOSI PBFB will be offering a tailored coverage b competitive premium rates as by virtue of its partnership with all major insurance companies Central to the offering is the Doctorrsquos Professional Indemnity Insurance designed to protect doctors from unexpected professional risksKey benefits for YOSI members1 Comprehensive Doctorrsquos Professional Indemnity InsuranceCoverage ranging from 50 lakh to 3 crore with premiums starting at 963 annually for nonsurgeons and 1181 for surgeons2 Dedicated MedicoLegal Support PanelA specialized support team available within four hours of any incident offering expert legal guidance3 247 Claims and Legal AssistanceRoundtheclock support for resolving disputes processing claims and addressing medicolegal challenges4 Enhanced Pricing and Instant Policy IssuanceCompetitive premiums and instant delivery of policy documents for seamless coverage5 Tailored Risk AnalysisPersonalized evaluations to identify vulnerabilities and recommend optimal coverageCommitment to 360Degree ProtectionSpeaking on this venture Sajja Praveen Chowdary Director and Head PBFB said ldquoDoctors face unique challenges in balancing their demanding roles with the legal and financial risks of their profession PBFB will provide a dedicated relationship manager for all professional and personal insurance needs of members of YOSI thereby providing them with 360 degree coverage It is a milestone in our mission to empower medical professionals across India with essential insurance solutionsrdquo Dr Aditya Sethi Gurgaonbased ophthalmologist and member of YOSI said ldquoYoung surgeons do not have deep pockets but are at a high risk of litigation It helps younger professionals to be more confident more precise and can help us become better doctorsrdquoThis collaboration marks a significant step toward bridging the gap in insurance accessibility and awareness among Indiarsquos young eye care professionals PBFB remains committed to empowering medical practitioners through innovative and practical solutions ensuring that they can dedicate themselves to their patients without fear of financial or legal repercussionsAbout Policybazaar for BusinessPolicybazaar is the flagship platform of PB Fintech Ltd ampamp is one of Indiarsquos largest online insurance platforms PB Fintech launched Policybazaar in 2008 to respond to Consumersrsquo need for more awareness choice and transparency and create a consumerpullbased providerneutral model for insurance distribution After becoming a household name and a default online destination in retail insurance Policybazaar launched corporate insurance products through its insurance partners in 2021 The brandrsquos vision is to enable corporates startups and SMEs across the country through business insurance products thereby making them more resilient in the face of adversities and unforeseen risksToday Policybazaar has serviced more than 25000 corporates and is relentless in its endeavor to empower corporates through accurate risk analysis and mapping the right solutions Some of the big names from the industry who have placed their trust in Policybazaar include Axis Bank Byjursquos Cars24 Colliers Delhivery FICCI NSDL IRIS Software Quess Corp Yatra and many moreFor media queries please contactUmang AggarwalManager Corporate Communications99535 20880umangaggarwalpolicybazaarcomDisclaimerThe information provided on the Website does not constitute investment advice financial advice trading advice or any other form of advice and you should not interpret any of the financial content as such Please conduct your own due diligence and consult with a financial advisor before making any investment decisions Midday does not endorse or promote any such activities and you access them at your own risk fully understanding the monetary and legal consequences involved Midday shall not be held responsible for any 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Policybazaar for Business and Young Ophthalmologist Society of India Join Forces to Shield India’s Young Ophthalmologists from Litigation Risks

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Home / Buzz / Article / Policybazaar for Business and Young Ophthalmologist Society of India Join Forces to Shield India’s Young Ophthalmologists from Litigation Risks

Policybazaar for Business and Young Ophthalmologist Society of India Join Forces to Shield India’s Young Ophthalmologists from Litigation Risks

Other Articles

Mid-Day Fast