Professional Insurance

Professional Indemnity Insurance Plan (PIP)

One must be a member of the Pharmaceutical Society in order to apply for Professional Indemnity Insurance Plan (PIP).

According to Board Notice 83 of 2008 published on 29 August 2008 any person registered with the South African Pharmacy Council who performs one or more of the functions relating to the scope of practice of the category in which he/she is registered must be covered by his / her own indemnity insurance.

Letter from SAPC regarding individual indemnity insurance SAPC letter

Category of Practice
Rates Effective 01/04/2020 A - R5 million
Rates Effective 01/04/2020 B - R7.5 million
Rates Effective 01/04/2020 C - R10 million
Rates Effective 01/04/2020 D - R15 million
Rates Effective 01/04/2020 E - R20 million
Annual premium incl. VAT
Monthly premium incl. VAT
Annual premium incl. VAT
Monthly premium incl. VAT
Annual premium incl. VAT
Monthly premium incl. VAT
Annual premium incl. VAT
Monthly premium incl. VAT
Annual premium incl. VAT
Monthly premium incl. VAT
Clinical Trials management of Investigational Medicine Products, reviewing and assisting with protocols (as set out in app form), Research Pharmacist
R2,910
R242.50
R3,126
R260.50
R3,444
R287.00
R4,134
R344.50
R4,962
R413.50
Industrial Management, Group Directors, Primary Care Dispensing Therapist (PCDT), RESPONSIBLE PHARMACIST
R2,376
R198.00
R2,556
R213.00
R2,808
R234.00
R3,378
R281.50
R4,050
R337.50
Retail / Hospital / Industrial Pharmacist, Quality Assurance & Regulatory Affairs Pharmacist, Locum, Pharmacy / Wound care Nurse, Medical Scheme Clinical Consultant, Wholesaler / Distributor Pharmacist, Other
R1,584
R132.00
R1,704
R142.00
R1,872
R156.00
R2,244
R187.00
R2,694
R224.50
Pharmacy Technician
R660
R55.00
R840
R70.00
R918
R76.50
R1,110
R92.50
R1,320
R110.00
Pharmacist’s Assistant, Intern, Academic, Community Service Pharmacist
R504
R42.00
R594
R49.50
R648
R54.00
R780
R65.00
R942
R78.50
Pharmacy Student, Pharmacy Technician Trainee & Students
R200
-
-
-
-
-
-
-
-
-

Notes Regarding Fees:

  1. Premiums include VAT at 15%
  2. Premiums include administration fee of 15%
  3. Premiums include commission at a rate of 20% payable to PPS after subtraction of the 15% for PSSA administration fee
  4. Excesses are R2,500.00 each and every claim
  5. Hollard / ITOO are to issue master policies
  6. Medical malpractice for medical professions Oct 2016 wording
Download PIP Application Form

Have questions? Call 012 470 9550 or get started online

Contact us
Message us