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 01/05/2021 A - R5 million
Rates Effective 01/05/2021 B - R7.5 million
Rates Effective 01/05/2021 C - R10 million
Rates Effective 01/05/2021 D - R15 million
Rates Effective 01/05/2021 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
Research Pharmacists, Clinical Research Associates and Clinical Trials dispensing, administration and co-ordination management of Investigational Medicine Products, reviewing and assisting with Protocols as set out in Annexure C
R3,054
R254.50
R3,282
R273.50
R3,612
R301.00
R4,344
R362.00
R5,208
R434.00
Industrial Management, Group Directors, PCDT PHARM, RESPONSIBLE PHARMACISTS
R2,496
R208.00
R2,682
R223.50
R2,952
R246.00
R3,546
R295.50
R4,254
R354.50
Retail/Hospital/Industrial Employees, Locums, Pharmacy/Wound care Nurses, Medical Scheme Clinical Consultants, Wholesaler/Distributor Pharmacists, Quality Assurance Pharmacists, Regulatory Affairs Pharmacists, Other
R1,662
R138.50
R1,788
R149.00
R1,968
R164.00
R2,358
R196.50
R2,832
R236.00
Pharmacy Technicians
R696
R58.00
R882
R73.50
R960
R80.00
R1,164
R97.00
R1,386
R115.50
Pharmacist Assistant, Intern, Academic, Community Service Pharmacist
R528
R44.00
R624
R52.00
R684
R57.00
R816
R68.00
R990
R82.50
Pharmacy Student, Pharmacy Technician Trainees & Students
R200
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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
  4. Excesses are R2,500.00 each and every claim
  5. Hollard/ITOO are to issue master policy
  6. Medical Malpractice for Medical Professions April 2021 wording
Download PIP Application Form

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