Group Clinical Drug Trial
Group Clinical Drug Trial Insurance provides coverage for participants (volunteers) involved in clinical trials, offering financial protection in the event of harm, injury, disability, or death during the trial period. T...
About this cover
Group Clinical Drug Trial Insurance provides coverage for participants (volunteers) involved in clinical trials, offering financial protection in the event of harm, injury, disability, or death during the trial period. The policy also offers an optional professional indemnity cover for researchers.
Key Features of Group Clinical Drug Trial Insurance:
- Coverage for participants in the event of death, disability, or injury during the trial.
- Optional professional indemnity coverage for medical researchers.
- Protection extended to beneficiaries or dependents of the insured participants.
- Coverage includes medical interventions required as a result of trial-related incidents.
- Premiums are calculated based on the average age of participants and associated risk levels.
- Premiums are non-refundable, and
- Policy duration is aligned with the timeline of the clinical trial.
Eligibility and Requirements:
- Minimum group size: 10 participants, and
- Available to all medical researchers and institutions conducting clinical drug trials.
Terms
- Cover begins once payment is complete and the certificate is issued.
- Claims are settled in line with the terms of your policy.
- NIC is registered and regulated by the Tanzania Insurance Regulatory Authority (TIRA).
This is a summary. The full terms are set out in the policy document you receive, and that document is what governs your cover.