Prisha Policy

Indian Orthodontic Society was started in the year 1965 with an important objective to promote and safeguard the interests of the orthodontists in India. The management Committee of IOS over the years had put in a lot of thought and effort towards that direction and established a separate program for the members called the Member Benefit program of IOS (MBP-IOS). The Committee on behalf of IOS had proposed few schemes for the members and one of the most important among these is the Professional Indemnity Insurance for IOS Life members.

Why Professional Indemnity insurance?

Orthodontic practitioners are increasingly becoming targets of civil suits for claims against unwary professional errors and negligent acts. To fight this malady effectively, "IOS prescribes a potent antidote to members enrolling for Professional indemnity insurance. With Indemnity policy you are protected against acts that can go wrong during medical care (including Orthodontist) as a result of which your patient is inadvertently harmed or perceived as harmed. It is a NECESSARY tool to financially safeguard medical practitioners against legal costs and claims for compensation by the patients in case of a legal row.

Doctors Professional Indemnity has become a need of the hour for the medical profession and more so for our specialty. Hence Indian Orthodontic Society has formed a committee to get an exclusive indemnity policy for its members. The committee has done due negotiations to get the maximum inclusion with the least premium.

Indian Orthodontic Society has exclusively done a tie up with PRISHA INSURANCE BROKERS PVT LTD (PrishaPolicy) & we authorize them to provide carefully drafted Doctors Professional Indemnity with specially designed features and maximum savings on premium through ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED.

We welcome all Indian Orthodontic Society members to utilize this opportunity and register themselves under the Professional Indemnity Scheme.

HIGHLIGHTS OF THE INDIVIDUAL PROFESSIONAL INDEMNITY INSURANCE

• Retroactive coverage for members - Members with existing indemnity policy can also register under this indemnity scheme, their existing retroactive date will be transferred to the new policy by providing a copy of existing running policy.
• BREACH OF CONFIDENTIALITY- Cases arising due to breach of confidential information of patient to be included under policy.
• LOSS OF DOCUMENTS - Cases arising out of any loss of critical documents to be covered under the policy.
• OUT OF COURT SETTLEMENT - Provision of out of court settlement is available.
• Lawyer allocation for members in 2 hours.
• Members can choose own lawyer.
• 24/7 claim assistance for members.
• AOA: AOY Ratio – 1:1
• MULTIPLE CLAIMS - Multiple claims can be paid upto the limit of liability within the policy period. Even if there is a single claim, the maximum compensation upto limit of liability can be paid.
• DEFENCE COST - Policy covers legal liability arising out of defence cost, fees and expenses anywhere in India in accordance with Indian laws.

Prisha insurance brokers Pvt Ltd (PrishaPolicy) will be responsible towards members for the following:

• Maintaining & Coordinating relationships with members.
• Informing members regarding all the policy benefits.
• Members smooth registration.
• Issuance of insurance certificates of members.
• Renewals of policies of members.
• Claim registration of members.
• Hand holding members till final claims settlement.

To protect the members and assist them in facing legal liabilities arising due to medical negligence.

To educate the members about the legal ramifications involved, appraise them on latest developments and educate them to run a safe clinical practice with appropriate documentations.

IOS has tied up with ‘Prisha Insurance Brokers Pvt. Ltd. (PrishaPolicy) for the above said ‘Professional Indemnity Insurance’ to provide carefully drafted Doctors Professional Indemnity with specially designed features and maximum savings on premium through ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED.

• Members can enroll through the enrolment awareness messages & emails that they receive by PrishaPolicy OR Visit this IOS authorized PrishaPolicy website link https://bit.ly/ins_orthodontic
• Fill the application form completely & submit online. Authorized PrishaPolicy (Prisha Insurance Brokers Pvt. Ltd.) relationship manager will be appointed and will assist the IOS members to complete the process of enrollment by taking the required documents (PAN, Doctor’s registration certificate & other required details).
• After the above formalities are completed, the member will be shared a payment link online & on successful completion of payment, the member will be issued the Individual Professional Indemnity policy.

PROFESSIONAL INDEMNITY RATES FOR IOS MEMBERS (Including GST)