Weekly Insurance Round-up Tuesday, May 24, 2022

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We're back with the next edition of Beshak's Weekly News Round-up - an analysis of all Insurance News & Updates, straight from our research desk! Don't forget to share your feedback with us, and give us a thumbs up if you find this helpful! 

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✴️ PNB MetLife launches Dental Care Plan with dental OPD benefits 🦷

✴️ ICICI Lombard launches Professional Indemnity insurance for doctors 👩‍⚕️

• On 16th May 2022, PNB MetLife introduced their PNB MetLife Dental Care Plan to address customer requirements related to dental care.
• PNBMetLife Dental Care Plan is the first insurance plan which covers fixed-benefit outpatient expenses and provides financial assistance with costs related to overall dental health.
• This dental health plan will help customers to manage their dental health and will make sure that they do not have to compromise on their savings or cut short on other expenditures for dental treatments.
• PNB MetLife has tied up with more than 340+ dental clinics, along with Clove Dental and Sabka Dentist to make it convenient for the customers.
• Some of the major benefits of the PNB MetLife Dental Care plan are - 
  • No overnight hospitalisation 
  • Easy access to insurance
  • Fixed benefits ranging from ₹350/- to ₹7500/- per procedure and a Sum assured of up to ₹50,000/-
  • Simplified and cashless claims process
  • Tax benefit exemption under Section 80D
  • A fixed benefit is paid for the specific outpatient and accidental dental procedures

Source: LiveMint

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• According to the press release by ICICI Lombard, they have launched a professional indemnity policy for doctors that is curated to provide support to medical practitioners against the chances of various human errors that can happen while providing professional services to the patients.
• In the event of a lawsuit, the professional indemnity insurance will support the doctors both legally and financially.
• The main features of this insurance include - 
  • Coverage against legal liabilities such as 
    • Defense costs incurred during investigation
    • Cost of representation
    • Compensation against bodily injury or death caused due to error, omission, and negligence
  • Coverage against invalid claims where there is no fault of the practitioner by covering -
    • Legal fees and settlement compensations to be paid against the claims awarded by the court, or in cases of medical malpractice allegations and legal suits due to breach of confidentiality allegations
• ICICI Lombard claims that their professional indemnity insurance will safeguard the doctors against all professional risks such as legal defense costs, compensation claims, injury, as well as against invalid claims.

Source: LiveMint

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