Medical Indemnity Insurance or Medical Malpractice Indemnity can cover amounts that you are legally liable to pay due to a negligent act, error or ommission. The policy will also cover you for legal costs and expenses incurred. Claims are subject to a deductible of XX and a limit of $5m.
InsureDIY has partnered with NTUC Income to bring you a Medical Indemnity Insurance for Singapore medical practitioners that meets your needs:
Even better, you will get 1 year's free Personal Accident cover when you buy through InsureDIY!
Check out the Medical Indemnity Insurance brochure here. The premiums for the Medical Indemnity Insurance will be paid from you directly to NTUC Income after policy acceptance.
1. How do i get my Letter of Good Standing?
For MPS, you can request for this letter of Good Standing by contacting:
DID No: 6540 9170
Email: [email protected]
Tel: 6223 1264
2. Does the policy cover my entire clinic?
No, this policy covers you as a medical professional and does not cover your entire clinic.
3. Why is a policy based on "incidence occurance" important?
An incidence occurrence policy covers incidents reported up to two years after the end of the policy. Of course the incident must have occured during the during the period of insurance. For a “claims made” policy, incidents reported after the policy period will not be covered. You have to purchase an extended reporting extension to cover such claims.
4. Are medical retrieval & repatriation services covered?
Yes, but only if such services are consistent with your medical profession and if the services are not provided to and from the United States and Canda.
InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser. This advertisement has not been reviewed by the Monetary Authority of Singapore.