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

Rating Table for pharmacists and BPharm students (Rates effective 01/07/2021)

Scroll down for pharmacist’s assistants and technicians rates.
Disciplines
Premium annual
Premium monthly
1
Students
R100
N/A
2
Interns and Community Service
R500
R41.67
3
Non-clinical pharmacist (Academic)
R600
R50
4
State employed Dispensing and Compounding Pharmacists
R1 500
R125
5
Private Dispensing, Wholesale/Distribution and Industrial/Manufacturing Pharmacists
R1 900
R158.33
6
State employed Responsible Pharmacists
R2 000
R166.67
7
Private Responsible Pharmacist
R2 800
R233.33
8
Private Primary Care Drug Therapy, Compounding and Clinical Trial Pharmacists
R2 700
R225
9
Pharmacist’s Assistants and Technicians ***
R500
R41.67
10
Wound Care Nurses ***
R2 000
R166.67
  1. All amounts are inclusive of VAT at 15%
  2. Premiums are annual amounts and can be paid either through a single payment or equal monthly payments.
  3. All premium payments to be through debit order with premium payment a condition of cover.
  4. *** Cover for Pharmacist’s Assistants and Technicians as well as Wound Care Nurses is only available through group pharmacy policies unless the individual in question qualifies for PPS Group membership.
Download PIP Application Form

Pharmacist’s assistants and pharmacy technicians rates (effective 01/07/2021)

Category of Practice
Rates effective 01/07/2021 A – R5 million
Rates effective 01/07/2021 B – R7.5 million
Rates effective 01/07/2021 C – R10 million
Rates effective 01/07/2021 D – R15 million
Rates effective 01/07/2021 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
Pharmacy Technicians
R696
R58.00
R882
R73.50
R960
R80.00
R1,164
R97.00
R1,386
R115.50
Pharmacist’s Assistant
R528
R44.00
R624
R52.00
R684
R57.00
R816
R68.00
R990
R82.50
Pharmacy Technician Trainees
R200

Notes Regarding Fees:

  1. Premiums include VAT at 15%.
  2. Premiums include administration fee of 15%.
  3. Excesses are R2,500.00 each and every claim.
  4. Hollard/ITOO are to issue master policy.
  5. Medical Malpractice for Medical Professions April 2021 wording.
Download PIP Application Form

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