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  • Last Update: June 26, 2024
  • Joined: August 1, 2023
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  • Cover You
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    June 26, 2024 ·

    https://atthehive.com/user/coveryou/

    How Should a Doctor assess the risk level of my medical specialty when choosing coverage limits in India.

    Here are the key steps a doctor in India should take to assess the risk level of their medical specialty...  more

    https://atthehive.com/user/coveryou/

    How Should a Doctor assess the risk level of my medical specialty when choosing coverage limits in India.

    Here are the key steps a doctor in India should take to assess the risk level of their medical specialty when choosing appropriate coverage limits for medical malpractice insurance:

    Determine Your Specialty's Risk Profile

    Review studies that have analyzed malpractice claim rates and payment amounts by specialty in India. Specialties like neurosurgery, cardiovascular surgery, general surgery, orthopedics, and OB/GYN are considered high-risk, while specialties like pathology, dermatology, family medicine, pediatrics, and psychiatry are generally lower-risk.

    Understand Claim Frequency and Severity

    High-risk specialties tend to have a higher proportion of physicians facing malpractice claims each year, often over 10-15% annually in India.
    The cumulative career risk of facing a claim is also much higher for high-risk specialties, reaching nearly 100% by age 65.
    High-risk specialties also tend to have larger average indemnity payments, sometimes exceeding ₹1 crore per claim in India.

    Review State-Specific Requirements

    Check the minimum malpractice coverage limits mandated by your state in India for healthcare providers. This establishes the baseline coverage needed.
    Some states may have higher minimum limits for high-risk specialties.

    Assess Your Personal Assets and Risk Tolerance

    Consider the value of your personal assets that could be at risk in a large malpractice lawsuit in India.
    Determine how much financial exposure you are comfortable with versus the cost of higher coverage limits.

    Consult with an Insurance Broker

    Work with an experienced medical malpractice insurance broker in India who can provide guidance on appropriate coverage limits based on your specialty's risk profile and your personal circumstances.

    They can help you find the right balance between adequate protection and affordable premiums starting as low as ₹9,440 for a ₹50 lakh coverage.

    By thoroughly understanding the malpractice risk associated with your specialty, reviewing regulatory requirements, and evaluating your personal financial situation, you can make an informed decision on the right coverage limits up to ₹1 crore to protect your practice in India. Consulting with an insurance expert is highly recommended to ensure you have sufficient coverage tailored to your specialty's risk level.

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    June 25, 2024 ·

    https://www.wipplay.com/en_GB/user/CoverYou

    What are the potential financial risks of not having a high enough coverage limit??

    Based on the search results, here are the key potential financial risks of not having a high enough coverage limit for...  more

    https://www.wipplay.com/en_GB/user/CoverYou

    What are the potential financial risks of not having a high enough coverage limit??

    Based on the search results, here are the key potential financial risks of not having a high enough coverage limit for medical malpractice insurance:

    Personal Financial Exposure:Without adequate coverage limits, doctors face the risk of having to pay damages out-of-pocket if a claim exceeds the policy limits. This can lead to financial ruin, as medical malpractice payouts can reach into the millions of dollars.

    Inability to Obtain Hospital Privileges:Many hospitals require doctors to carry a minimum level of malpractice insurance before granting hospital privileges. Not having high enough coverage limits can prevent doctors from being able to practice at certain facilities.

    Regulatory Non-Complianceome states mandate that doctors carry a specific minimum level of malpractice insurance. Failing to meet these requirements can lead to penalties, fines, or even the loss of a medical license.

    Difficulty Attracting Patientsatients often feel more comfortable seeking care from doctors with high malpractice coverage limits, as it demonstrates the doctor's commitment to patient safety and ability to financially back up their care.

    Reputational Damage:In the event of a large malpractice claim that exceeds the doctor's coverage, the resulting financial fallout and potential legal battles can lead to significant reputational damage.
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    June 24, 2024 ·

    https://savee.it/coveryouinsurancebroker/

    How has the coverage for medical malpractice insurance evolved for doctors in India from January to April 2024

    Here are the key updates on how medical malpractice insurance coverage for doctors in India has...  more

    https://savee.it/coveryouinsurancebroker/

    How has the coverage for medical malpractice insurance evolved for doctors in India from January to April 2024

    Here are the key updates on how medical malpractice insurance coverage for doctors in India has evolved from January to April 2024:

    Increased Sum Assured: Malpractice insurance policies now offer higher sum assured coverage, with options up to ₹1 crore to provide doctors with greater financial protection against liability claims.

    Affordable Premiums: Malpractice insurance premiums have become more economical, starting as low as ₹9,440 for a ₹50 lakh coverage, making it more accessible for doctors.

    Comprehensive Coverage: Malpractice insurance plans now provide broader coverage, including protection against losses due to defamation, breach of confidentiality, and other professional risks faced by doctors.

    Faster Claims Settlement: Insurance providers have streamlined the claims process, allowing for quicker and hassle-free settlements for doctors facing malpractice allegations.

    Mandatory Coverage: In some Indian states, it has become mandatory for doctors to have medical malpractice insurance before they can start practicing, ensuring better protection for both doctors and patients.

    These changes introduced by insurance companies and regulators from January to April 2024 have aimed to make medical malpractice insurance more accessible, affordable, and comprehensive for doctors in India, addressing their evolving needs and the rising number of liability claims.

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    June 23, 2024 ·

    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...  more

    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.

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    June 21, 2024 ·

    How do the new IRDAI guidelines compare to previous guidelines are different in terms of preventive health check-ups for senior doctors

    The new IRDAI guidelines for preventive health check-ups for senior doctors are more comprehensive and inclusive

    ...  more

    How do the new IRDAI guidelines compare to previous guidelines are different in terms of preventive health check-ups for senior doctors

    The new IRDAI guidelines for preventive health check-ups for senior doctors are more comprehensive and inclusive compared to previous guidelines. Here are some key differences:

    Increased Coverage:The new guidelines provide increased coverage for preventive health check-ups, including a wider range of medical tests and screenings.

    Expanded Eligibility:The new guidelines expand the eligibility criteria for preventive health check-ups to include senior doctors who are 65 years old or above.

    Enhanced Benefits:The new guidelines offer enhanced benefits for senior doctors, including unlimited teleconsultation with over 3500 verified doctors, coverage for diagnosis from lab tests, and specialist consultations.

    Increased Flexibility:The new guidelines provide increased flexibility for senior doctors to choose from a wider range of preventive health check-up packages and services.

    Improved Accessibility:The new guidelines improve accessibility for senior doctors by providing a wider network of healthcare providers and diagnostic centers.

    Enhanced Support:The new guidelines provide enhanced support for senior doctors, including counseling on lifestyle modifications, stress management, and disease prevention.

    Increased Transparency:The new guidelines provide increased transparency for senior doctors, including clear information on the benefits and coverage of preventive health check-ups.

    Improved Claims Process:The new guidelines improve the claims process for senior doctors, including a streamlined process for submitting claims and receiving reimbursement.

    Increased Tax Benefits:The new guidelines provide increased tax benefits for senior doctors, including a higher deduction limit for preventive health check-ups under Section 80D of the Income Tax Act.

    Improved Regulatory Framework:The new guidelines provide an improved regulatory framework for preventive health check-ups, including stricter guidelines for healthcare providers and diagnostic centers.

    These changes aim to make preventive health check-ups more accessible, affordable, and effective for senior doctors, while also providing better support and benefits for their health and well-being.

    https://www.coveryou.in/blog/the-average-salary-of-doctors-in-india/

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    June 19, 2024 ·

    https://www.coveryou.in/blog/why-do-hospital-doctors-have-their-own-indemnity-insurance/

    How do the new IRDAI guidelines address the need for preventive health check-ups for senior doctors

    The new IRDAI guidelines address the need for preventive...  more

    https://www.coveryou.in/blog/why-do-hospital-doctors-have-their-own-indemnity-insurance/

    How do the new IRDAI guidelines address the need for preventive health check-ups for senior doctors

    The new IRDAI guidelines address the need for preventive health check-ups for senior doctors in several ways:

    Annual Preventive Health Check-up Cover:The IRDAI has introduced an annual preventive health check-up cover for senior doctors, allowing them to avail of a free preventive health check-up once in every policy year.

    Tele Consultation Cover:The IRDAI has also introduced a tele consultation cover for senior doctors, enabling them to consult medical practitioners/physicians/doctors via video, audio, or chat channels.

    Doctor Consultation Cover:The IRDAI has introduced a doctor consultation cover for senior doctors, allowing them to consult medical practitioners/physicians/doctors outside network centers up to the limit specified under the policy.

    Investigations Cover:The IRDAI has introduced an investigations cover for senior doctors, enabling them to avail of investigations from prescribed network centers or outside prescribed network centers up to the limit specified under the policy.

    Portability Norms:The IRDAI has introduced portability norms for health insurance policies, allowing senior doctors to transfer their accrued continuity benefits in waiting periods from one insurer to another.

    These changes aim to make health insurance more inclusive and accessible for senior doctors, addressing their specific needs and concerns, and reducing the financial burden associated with healthcare expenses.

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    June 18, 2024 ·

    https://www.coveryou.in/blog/do-the-masters-of-precision-skill-surgeons-require-professional-indemnity/

    New rules implemented by IRDAI for health insurance in India, especially for doctors in June 2024

    The Indian Insurance Regulatory and Development...  more

    https://www.coveryou.in/blog/do-the-masters-of-precision-skill-surgeons-require-professional-indemnity/

    New rules implemented by IRDAI for health insurance in India, especially for doctors in June 2024

    The Indian Insurance Regulatory and Development Authority (IRDAI) has implemented several new rules for health insurance in India, particularly for doctors, in June 2024.

    These rules aim to enhance the safety and security of doctors and improve the overall healthcare system. Here are some of the key changes:

    Increased Coverage for Pre-Existing Conditions:
    IRDAI has increased the coverage for pre-existing conditions, allowing doctors to receive treatment for conditions they have been suffering from for up to 48 months prior to the effective date of the policy

    New Benefits for Cancer Care:
    IRDAI has introduced new benefits for cancer care, including genetic testing for BRCA1 and BRCA2 genes, mastectomy, oophorectomy, and colectomy surgery.
    Increased Limits for Well-Child Benefit:
    IRDAI has increased the limits for the well-child benefit, allowing doctors to provide better care for children.

    Changes to Moratorium Underwriting:
    IRDAI has changed the moratorium underwriting process, allowing doctors to qualify for cover for pre-existing medical conditions after only 2 years of not having treatment.

    Portability of Health Insurance Policies:
    IRDAI has introduced portability of health insurance policies, allowing doctors to transfer the credit gained for pre-existing conditions and time-bound exclusions from one insurer to another.

    Increased Transparency:
    IRDAI has increased transparency in health insurance policies, providing doctors with clear information about the coverage and exclusions.

    Improved Patient-Doctor Communication:
    IRDAI has emphasized the importance of patient-doctor communication, encouraging doctors to maintain open and honest communication with their patients.

    Enhanced Security Measures:
    IRDAI has implemented enhanced security measures to protect doctors and patients, including the use of secure communication channels and data encryption.

    Increased Funding for Healthcare:
    IRDAI has increased funding for healthcare, providing more resources for doctors and hospitals to improve healthcare services.

    Improved Regulatory Framework:
    IRDAI has improved the regulatory framework for health insurance, providing a more robust and effective framework for regulating health insurance companies.

    These changes aim to enhance the safety and security of doctors, improve patient-doctor communication, and increase transparency in health insurance policy.

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    June 17, 2024 ·

    https://www.coveryou.in/blog/what-is-the-process-of-filing-medico-legal-claims-and-how-it-works/

    Some examples of apps specifically designed to enhance doctor safety, specially used in India

    Based on the search results, here are some examples of apps...  more

    https://www.coveryou.in/blog/what-is-the-process-of-filing-medico-legal-claims-and-how-it-works/

    Some examples of apps specifically designed to enhance doctor safety, specially used in India

    Based on the search results, here are some examples of apps specifically designed to enhance doctor safety, particularly used in India:

    Practo:
    Practo is a widely used app by both patients and doctors. It provides an easy registration process where they can manage their profile and get appointments with a feedback option for patients. Patients can look for best doctors in their location, book appointments, and speak to them about their issues. It has the feature that provides information to the doctors about the profile views and chats with the patients and ensures to give proper guidance during the time of emergency.

    Curofy:
    Curofy is a popular app among communities of specialist doctors. They will get good insight and suggestions to understand and review complex cases for the right diagnostics. Doctors will have access to real-life patient conditions from many categories with access to the latest medical rules and journals. This app is gaining great popularity in the doctor’s community as they get a chance to discuss the cases of many real-life patients.

    Amion:
    Amion is an app useful and exclusive only for doctors and nurses to manage their daily schedules. It will help them to serve the patients by managing the shifts effectively. It has an auto-schedule feature that makes the job easier for doctors and nurses to get assignments, appointments, send/view messages, sync work schedules, and give in special requests.

    Epocrates:
    Epocrates is an app that helps doctors by providing the safest and accurate treatment information in real-time. Many doctors depend on this app for clinical norms, detailed disease information, and alternative medicines. Various guidelines that are based on past instances and patient-specific information are correlated in the app to ultimately provide the patient with good care.

    Medscape:
    Medscape is a known medical app for offering a personalized experience to doctors and healthcare specialists. It offers the most recent medical news and commentary with drug information. It acts as an effective educational support for doctors. There is a visual pill identifier, a directory of doctors, a drug interaction tool, and a wide range of medical conditions with relevant information.

    Tonic:
    Tonic is a popular medical app for doctors, designed by doctors. It provides a platform for doctors to communicate with each other, discuss clinical cases, coordinate care, and seek second opinions. This app can help improve doctor safety by facilitating collaboration and information-sharing among medical professionals.

    These apps are designed to enhance doctor safety by providing secure and efficient communication platforms, reducing the need for in-person interactions, and improving patient-doctor communication.
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    June 16, 2024 ·

    What specific funds are being allocated in the 2024 budget to prevent doctor assaults?

    The specific funds allocated in the 2024 budget to prevent doctor assaults include:

    Budget 2024 Allocation: The government has allocated specific funds towards

    ...  more

    What specific funds are being allocated in the 2024 budget to prevent doctor assaults?

    The specific funds allocated in the 2024 budget to prevent doctor assaults include:

    Budget 2024 Allocation: The government has allocated specific funds towards preventing doctor assaults in the upcoming budget for 2024. This allocation could go towards implementing better security measures in healthcare facilities, providing self-defense training for medical staff, security through apps, and creating awareness campaigns to educate the public about the seriousness of this issue

    Social Justice and Empowerment Ministry: The Social Justice and Empowerment Ministry has been allocated ₹14,225.47 crores in the interim Budget for 2024-25, an increase of 28.4 percent over ₹11,078.33 crores in the Budget (revised estimates) for 2023-24

    Department of Social Justice and Empowerment: The Department of Social Justice and Empowerment has been allocated ₹13,000 crore in 2024-25
    Department of Empowerment of Persons with Disabilities: The Department of Empowerment of Persons with Disabilities got ₹1,225.27 crore in the interim Budget presented by Finance Minister Nirmala Sitharaman in Parliament on Thursday

    Budget 2024 Highlights: The budget highlights include a record allocation of over ₹73,000 crore for school education in the interim Budget for 2024-25 announced on Thursday

    Budget 2024 Live Updates: The budget live updates include the allocation of ₹100 crore for the Chabahar Port project in the Ministry of External Affairs (MEA)’s overall outlay of ₹22,154 crore for 2024-25

    Expenditure Profile 2024-2025:The Expenditure Profile 2024-2025 includes allocations for various ministries and departments, including the Ministry of Health and Family Welfare, which has been allocated ₹340.15 crore for the National Digital Health Mission (NDHM)

    These allocations aim to address the issue of doctor assaults by providing better security measures, self-defense training, and awareness campaigns, as well as supporting the overall healthcare system through increased funding for various ministries and departments.

    https://www.coveryou.in/blog/navigating-the-investment-landscape-for-healthcare-professionals-in-india/

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    June 14, 2024 ·

    Crucial Initiatives are being taken by the Indian Government in 2024 to safeguard doctors from violence cases in India.

    The Indian Government is taking several crucial initiatives in 2024 to safeguard doctors from violence cases in India. These

    ...  more

    Crucial Initiatives are being taken by the Indian Government in 2024 to safeguard doctors from violence cases in India.

    The Indian Government is taking several crucial initiatives in 2024 to safeguard doctors from violence cases in India. These include:

    Budget 2024 Allocation: The government has allocated specific funds towards preventing doctor assaults in the upcoming budget for 2024. This allocation will go towards implementing better security measures in healthcare facilities, providing self-defense training for medical staff, security through apps, and creating awareness campaigns to educate the public about the seriousness of this issue.

    Central Legislation: The government is working on a central law to protect doctors and other healthcare personnel from violence. This law aims to address the root causes of violence against doctors and ensure their safety and security

    State-Level Laws: At least 19 states have enacted laws to protect doctors and other healthcare personnel from violence. These laws include provisions for penalty and recovery in case of loss/damage to property

    Public Awareness: The government is working to create awareness among the public about the importance of respecting doctors and healthcare personnel. This includes campaigns to educate patients and their families about the need to maintain a peaceful environment in hospitals

    Data Collection: The government is also working to improve data collection on incidents of violence against doctors. This includes maintaining records of incidents of assault against healthcare workers in all states

    Holistic Approach: The government is working to address the root causes of violence against doctors, including the need for better infrastructure, more healthcare workers, and effective patient-doctor communication

    Mental Health Support: The government is also working to provide mental health support services for both patients and healthcare workers. This includes allocating resources towards creating support programs and counseling services specifically tailored to the needs of doctors

    App for Doctor Safety: The government is planning to launch an app that can be helpful for doctors to notify about their safety. This demonstrates a recognition of their dedication and sacrifices while also encouraging more individuals to pursue careers in healthcare

    Insurance Benefits: The government is also planning to provide insurance benefits and financial aid to alleviate some of the concerns faced by doctors

    Centralized Data System: The government is working to establish a centralized data system on statistics related to violence against healthcare workers. This will help in better tracking and addressing the issue

    These initiatives aim to create a safer environment for doctors and healthcare personnel in India, ensuring that they can provide high-quality healthcare services without fear of violence or intimidation.

    https://www.coveryou.in/blog/are-you-a-trainee-doctor-here-are-5-important-things-you-must-know-before-starting-your-medical-journey/

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    June 13, 2024 ·

    What are the specific challenges faced by state-level laws in protecting doctors??

    The specific challenges faced by state-level laws in protecting doctors are:

    Poor Implementation: Many state laws are not effectively implemented, leading to a lack of

    ...  more

    What are the specific challenges faced by state-level laws in protecting doctors??

    The specific challenges faced by state-level laws in protecting doctors are:

    Poor Implementation: Many state laws are not effectively implemented, leading to a lack of enforcement and a failure to provide adequate protection to doctors.

    Lack of Awareness: There is a lack of awareness about the laws and their provisions among doctors, patients, and the general public, which can lead to a lack of compliance and a failure to report incidents of violence.

    Insufficient Punishment: The punishment for violence against doctors is often insufficient, which can lead to a lack of deterrence and a failure to prevent future incidents.

    Inadequate Infrastructure: The infrastructure for healthcare services is often inadequate, leading to a lack of resources and a failure to provide adequate protection to doctors.

    Inadequate Training: Doctors often receive inadequate training on how to handle violent situations, which can lead to a lack of preparedness and a failure to respond effectively.

    Inadequate Support: Doctors often lack adequate support from their institutions and the government, which can lead to a lack of confidence and a failure to report incidents of violence.

    Inadequate Communication: There is often inadequate communication between doctors, patients, and the general public, which can lead to a lack of understanding and a failure to prevent incidents of violence.

    Inadequate Legal Framework: The legal framework for protecting doctors is often inadequate, which can lead to a lack of legal recourse and a failure to provide adequate protection.

    Inadequate Funding: There is often inadequate funding for healthcare services, which can lead to a lack of resources and a failure to provide adequate protection to doctors.

    Inadequate Governance: There is often inadequate governance and oversight of healthcare services, which can lead to a lack of accountability and a failure to provide adequate protection to doctors.

    These challenges highlight the need for a comprehensive and effective legal framework to protect doctors from violence and ensure their safety and security.

    https://www.coveryou.in/blog/does-india-have-electronic-health-record-standards/

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    June 12, 2024 ·

    What specific legal provisions does the IMA recommend for protecting doctors

    The Indian Medical Association (IMA) has been demanding a comprehensive central law to protect doctors and healthcare professionals from increasing violence. Here are the key

    ...  more

    What specific legal provisions does the IMA recommend for protecting doctors

    The Indian Medical Association (IMA) has been demanding a comprehensive central law to protect doctors and healthcare professionals from increasing violence. Here are the key legal provisions recommended by the IMA:

    1. Stringent Punishment: The IMA's draft law proposes a 10-year jail term and Rs 5 lakh fine for violence against doctors and healthcare professionals. In its latest pitch, the IMA is seeking a 7-year jail term for such offenses.

    2. Treating Violence as a Cognizable Offense: The IMA's draft law makes violence against doctors a cognizable, non-bailable, non-compoundable offense that is fit for trial by a Judicial Magistrate of First Class.

    3. Covering Hospitals and Surrounding Areas: The draft law covers hospitals and a radius of 50 meters around them. It also includes home visits by doctors under its purview.

    4. Compensation for Property Damage: The offender in case of any property damage should be asked to pay compensation twice the price of the damaged property.

    5. Declaring Hospitals as Safe Zones: The IMA seeks to declare hospitals and healthcare institutions as safe zones to ensure doctors and medical staff are not subjected to violence while performing their duties.

    6. Fast-Track Courts: There is an urgent demand to introduce fast-track courts to handle cases related to violence against doctors.

    7. Holding Hospitals Accountable: Hospitals and their owners should be held accountable for any violence that takes place against doctors and face administrative consequences if they fail to provide adequate security.

    The IMA believes that such stringent legal provisions, along with effective implementation, will help curb the rising incidents of violence against doctors in India.

    https://www.coveryou.in/blog/how-to-tackle-the-challenges-of-the-evolving-future-of-medicine/

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    June 11, 2024 ·

    How does the IMA propose to protect doctors from violence??

    The Indian Medical Association (IMA) proposes to protect doctors from violence through several measures:

    Comprehensive and Stringent Legislation: The IMA demands comprehensive and stringent

    ...  more

    How does the IMA propose to protect doctors from violence??

    The Indian Medical Association (IMA) proposes to protect doctors from violence through several measures:

    Comprehensive and Stringent Legislation: The IMA demands comprehensive and stringent legislation to fight the increasing violence against doctors and healthcare professionals. This includes introducing legislation that would provide for 7 years imprisonment for attacks on doctors.

    Protection of Doctors and Healthcare Institutions: The IMA seeks protection for doctors and healthcare institutions by declaring hospitals and healthcare institutions as safe zones. This would ensure that doctors and medical staff are not subjected to violence and intimidation while performing their duties.

    Enhanced Security Measures: The IMA recommends enhanced security measures in hospitals and healthcare institutions to prevent violence against doctors and medical staff. This includes installing CCTV cameras, increasing the number of security personnel, and ensuring that hospitals have a robust emergency response system in place.

    Public Awareness Campaigns: The IMA plans to launch public awareness campaigns to educate the public about the importance of respecting doctors and healthcare professionals. This includes highlighting the role of doctors in saving lives and the consequences of violence against them.

    Collaboration with Law Enforcement Agencies: The IMA seeks to collaborate with law enforcement agencies to ensure that incidents of violence against doctors and healthcare professionals are investigated and prosecuted effectively. This includes working with the police to identify and prosecute perpetrators of violence against doctors.

    Support from World Medical Association: The IMA has received support from the World Medical Association (WMA) in its efforts to protect doctors from violence. The WMA has passed a revised resolution on violence against doctors, which emphasizes the need for governments to take concrete steps to protect doctors and healthcare professionals.

    These measures aim to create a safer environment for doctors and healthcare professionals to practice medicine without fear of violence or intimidation.

    https://www.coveryou.in/blog/an-overview-emerging-insurance-markets-in-india/

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    June 10, 2024 ·

    The major factors that affect the premium of health insurance in India for doctors are:

    Age: As doctors age, their premium costs increase due to the higher risk of health issues and medical complications.

    Pre-Existing Diseases (PED): Doctors with

    ...  more

    The major factors that affect the premium of health insurance in India for doctors are:

    Age: As doctors age, their premium costs increase due to the higher risk of health issues and medical complications.

    Pre-Existing Diseases (PED): Doctors with pre-existing diseases, such as high blood pressure or thyroid conditions, are considered high-risk and are charged higher premiums.

    Body Mass Index (BMI): Doctors with high BMI are at a higher risk of developing health complications and are charged higher premiums.

    Smoking Habits: Doctors who smoke are considered high-risk and are charged higher premiums due to the increased risk of health issues.

    Occupation: Doctors working in high-risk environments, such as hospitals or clinics, may be charged higher premiums due to the increased risk of medical complications.

    https://www.coveryou.in/blog/why-doctors-networking-is-important/

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    June 9, 2024 ·

    How do the new regulations affect the licensing process for insurance brokers

    The new regulations introduced by the Insurance Regulatory and Development Authority of India (IRDAI) have significantly impacted the licensing process for insurance brokers

    ...  more

    How do the new regulations affect the licensing process for insurance brokers

    The new regulations introduced by the Insurance Regulatory and Development Authority of India (IRDAI) have significantly impacted the licensing process for insurance brokers in India. Here are the key changes:

    1. Simplified Licensing Process: The IRDAI has consolidated and simplified the licensing process for insurance brokers, reducing the bureaucratic burden and streamlining procedures.

    2. New Application Form: The IRDAI has introduced a new application form (FORM K) for renewing an insurance broker license, which must be submitted 30 days before the expiry of the certificate.

    3. Fees for License Renewal: The fee payable for renewing an insurance broker license is Rs. 5,00,000/- for three years

    4. Certificate of Registration: A certificate granted by the IRDAI is valid for three years from the date of issue and must be renewed before the expiry date.

    5. Requirements for Insurance Broker License: Insurance brokers must maintain books of accounts, submit relevant information as required in Schedule I – Form B, and provide details of directors/partners, promoters, and key management personnel.

    6. Training for Employees: Insurance brokers must ensure that their employees receive training on insurance products and services.

    7. Fit and Proper Certification: Key management executives, principal officers, and directors must obtain fit and proper certification as per Schedule-I Form G.

    8. KYC Documents: Insurance brokers must ensure that their clients provide valid KYC documents, including proof of identity, proof of address, and photographs, as part of the application process

    These changes aim to enhance transparency, efficiency, and accountability in the licensing process for insurance brokers, ensuring that they operate in a more streamlined and regulated environment.

    https://coveryouindia.wordpress.com/2024/03/06/why-do-doctors-need-professional-indemnity/

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  • About Me Our expertise lies in safeguarding the interest & reputation of our esteemed Medical Fraternity with our revolutionary product- Doctors Professional Indemnity Insurance. Given the complex & high-stakes nature of healthcare operations, doctors are certainly exposed to medical negligence risks at all times. It is very important to protect your high-responsibility profession with a Professional Indemnity Cover that will act as a safety net against any malpractice claim. Our Professional Indemnity is best suited for all your medical practice requirements.

    CoverYou’s Customised Professional Indemnity Insurance will not only safeguard your finances but also your hard earned reputation. We provide customised benefits exclusively tailored to meet the needs of Doctors & Hospitals.

    Our Professional Indemnity is guaranteed to provide comprehensive medical negligence coverage with an expert lawyer panel & renowned senior doctors present all across India.

    We are known to offer handheld support to our customers throughout their journey with us especially during claims!

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