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

Policybazaar 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 complexities.

PBFB has noticed an upward trend in the demand for PI among Indian eye specialists this year. Since March 2024, there has been a 75% increase in the number of queries for PI from eye specialists in Tier-I cities and 100% in Tier-2 and Tier-3 combined. This reiterates that the need for awareness and better customization of insurance features for these doctors is highly pertinent.

Through 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 Doctor’s Professional Indemnity Insurance, designed to protect doctors from unexpected professional risks.

Key benefits for YOSI members

1. Comprehensive Doctor’s Professional Indemnity InsuranceCoverage ranging from ₹50 lakh to ₹3 crore, with premiums starting at ₹963 annually for non-surgeons and ₹1,181 for surgeons.
2. Dedicated Medico-Legal Support Panel
   A specialized support team available within four hours of any incident, offering expert legal guidance.
3. 24/7 Claims and Legal Assistance
   Round-the-clock support for resolving disputes, processing claims, and addressing medico-legal challenges.
4. Enhanced Pricing and Instant Policy Issuance
   Competitive premiums and instant delivery of policy documents for seamless coverage.
5. Tailored Risk Analysis
   Personalized evaluations to identify vulnerabilities and recommend optimal coverage.

Commitment to 360-Degree Protection

Speaking on this venture, Sajja Praveen Chowdary, Director and Head – PBFB, said, “Doctors 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 solutions.”

Dr Aditya Sethi, Gurgaon-based ophthalmologist and member of YOSI, said, “Young 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 doctors.”

This collaboration marks a significant step toward bridging the gap in insurance accessibility and awareness among India’s 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 repercussions.