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 01/04/2024)

Scroll down for pharmacist’s assistants and technicians rates.
Cover limits
Disciplines
Premium annual
Premium monthly
Each incident
Annual aggregate
1
Students
R100
N/A
R5 million
R10 million
2
Interns and Community Service
R500
R41.67
R7.5 million
R10 million
3
Non-dispensing pharmacist (eg: Academic, Medical Scheme Administrators, DUR Pharmacists and other consultants)
R700
R58.33
R5 million
R10 million
4
State employed Dispensing and Compounding Pharmacists
R1 700
R141.67
R20 million
R20 million
5
Private Dispensing, Wholesale / Distribution and Industrial / Manufacturing Pharmacists
R2 200
R183.33
R20 million
R20 million
6
State employed Responsible Pharmacists
R2 300
R191.67
R20 million
R20 million
7
Private Responsible Pharmacist
R3 200
R266.67
R20 million
R20 million
8
S22A(15) permit holders (eg: PCDT), Private Compounding and Clinical Trial Pharmacists
R3 100
R258.33
R20 million
R20 million
  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.

I further understand that, should I not already be a member of the Professional Provident Society (PPS), the acceptance of this option will automatically grant me membership of PPS. As a graduate professional meeting the eligibility requirements of the Society, I am entitled to share in the benefits of the PPS product range, which includes insurance, investments and healthcare products. Following the registration, PPS will provide me with my unique membership number.

Email application form to indemnity@pssa.org.za

Download PIP Application Form

Pharmacist’s assistants and pharmacy technicians rates (effective 01/09/2023)

Category of Practice
Rates effective 01/09/2023 A – R5 million
Rates effective 01/09/2023 B – R7.5 million
Rates effective 01/09/2023 C – R10 million
Rates effective 01/09/2023 D – R15 million
Rates effective 01/09/2023 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 nurses /
Wound care nurses
R1,776
R148.50
R1,920
R160.00
R2,076
R173.00
R2,484
R207.00
R2,976
R248.00
Pharmacy Technicians
R732
R61.00
R924
R77.00
R1,008
R84.00
R1,200
R100.00
R1,440
R120.00
Pharmacist’s Assistants
R540.00
R45.00
R660.00
R55.00
R720.00
R60.00
R840.00
R70.00
R1,020
R85.00
Pharmacy Technician Trainees / Students
R210.00

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 iTOO Hollard Application Form

Have questions? Call 012 470 9550 or get started online

Contact us
Message us