MEDICAL IDEMNITY CONSEQUENCES -

MEDICAL INDEMNITY :

There is a famous saying in the criminal law jurisprudence, which says that let hundreds go unpunished but never punish an innocent person. The literal meaning of indemnity is – insurance against legal responsibility for our actions. Hence, it is a compensation for damage or loss. Thus, Miric Biotech Limited (MBL) is providing the medical security to all the fraternity of this field since last 10 years. To make mistakes is a common human tendency. Here, doctors are not an exception. A minute negligence on their part can threaten the life of their patients. As a result, the reputation and career of that particular doctor is at stake. Besides, the family of affected individual can also demand for financial compensation which has to be paid by the doctor from his or her own pocket.

Medical Insurance covers both doctor and patients if there goes something wrong during medical treatment. To handle the above situation, MBL has the team of 50 legal experts and 75 medical experts across the country. General awareness is mandatory so that  more and more people could come under this policy. For example, in Australia, the medical indemnity insurance is must for all its citizens. Presently, a large number of Indian people do not have health insurance, as a result the cost of treatment is paid by them out of pocket.

Indian constitution provides free medical facilities to all its citizens, but in practice, the healthcare system is dominated by the private sector. People of India must understand the importance of  this insurance so that more people could be benefitted financially. While there are a lot of provisions about the rights of patients but not much has been said about doctors’ security. While indemnity cover can not give us physical security, but it can protect us financially, legally and socially.

Medical indemnity is a complex process, as it takes a long time in its implementation. It is a time – consuming process. Hence, it is also called a ‘long – tail’ insurance. According to a survey, about 400% of cases have been filed against doctors for their negligence in the Supreme Court, in which, only 10 – 15 % of doctors are found guilty. Hence, It is also called errors & omissions (E&O) insurance policy.

The following lines can best describe the gist of the above topic. It says – if money is lost- nothing is lost, if health is lost – something  is lost, but if character is lost – everything is lost. So, we must be loyal towards our profession. Because, it takes twenty years to make the personality but five minutes to ruin it. Hence, medical indemnity has proved a boon in the field of medical science. As a result, medical professionals can discharge their duties without any fear and mental pressure. Medical services are known for their selfless services to the humanity. We must maintain its dignity and decorum by observing the medical ethics. Understanding is the shortest distance between two people. Here, the two people are - the doctors and the patients. Let us make this bond of love even stronger and amiable. Wish you good health and longevity. May you live longer.