WHY HICL?

♦  The insurance sector in India is still not having any technical infrastructure to deal with your specialized cases.

♦  Insurance only covers the compensation part and that too in consumer cases only.

♦  If you give your exact hospital calculation then you will end up paying a huge sum of amount and practically it doesn't have any sense or usage. Our basic aim is to provide all the services in very reasonable cost and so we have a package rate which includes the premium of insurance and our infrastructure charges. Naturally we use to keep a big chunk of paid amount with us and use to pay the insurance only the charges according to their usage.

This we use to do in Error and Omission policies only because in any case, we are only responsible for your service. Please go through the following table, which shows the details of insurance facts and our coverage:-

"CONVENTIONAL INSURANCE COMPANIES AS RISK MANAGERS"

This is perhaps the most interesting and eye opening topic, while discussing the role of insurance companies. The presence of insurance companies had been there for last several decades and in India also, it had it's own contributory factors. But what we often forget is that the sole dependence on an insurance policy will not cut the size of Risk particularly when the Risk covers the broader aspect of liability or Responsiblity of a professional or an individual.

Tailor made policies of insurance companies are very old and it was made way back in eighties when the anticipation or Risk in health sector was very low.

The traditional professional indemnity and Error & omission policies are not according to the latest trends of complaint and Risk and is absolutely not the professional friendly.

"REALITY BITES"

REALITY: Insurance only cover the cases of consumer forum or civil cases of compensation against the insured.

MYTH: Take an insurance policy and get relaxed. In any case you have to just intimate them and they will take care of every matter.

REALITY: There isn't any specialized infrastructure in any insurance company for speedy after sales services and an insured has to co-ordinate with the officials to the appointed lawyers an every step.

MYTH: The legal expenses are borne by the insurance companies.

REALITY: There are set pattern of fees / charges, fixed by the Insurance companies and they will pay that only. It doesn't matter for them, that you are hiring the services of an expert.

MYTH: The insurance companies pay the compensation instantly.

REALITY: This policy indemnifies the loss of an insured, hence in the case of compensation, the insured has to pay first and then apply for it's reimbursement.