Lifestyle

4 Places in S’pore To Buy Pet Insurance For Your Beloved Furkids

2019-04-18 , 4:00 am

As pet lovers would surely attest to…

Taking care of a pet isn’t easy.

And I’m not just talking about the basic stuff, like washing it, taking it for walks and clearing up after it’s done with its poo-poo.

Rather, I’m talking about the more problematic aspects of being a pet owner, like medical expenses for example. For as any pet lover would testify…

Taking a pet to the vet is gonna cost you way more than a routine visit to the family GP.

But what can you do about such circumstances? For one, you can consider pet insurance policies, but which one actually covers the aspects you desire?

Well, if you’re facing such a dilemma, worry not for this article will serve as the dictionary for all your Pet Insurance needs.

1. CIMB My Paw Pal

CIMB My Paw Pal pet insurance for dogs & cats (underwritten by Sompo)

Pros:

Cheap premium
Covers accidental death & injury, as well as funeral expenses
Relatively high coverage of accidental death, accidental injury and third-party liability coverage
Covers all dog & cat breeds
Coverable until 13 years old

Cons:

No coverage for pre-existing and congenital conditions
No coverage for medical expenses, only accidental death/injury

The newest Pet Insurance scheme to be introduced in Singapore (which, by the way, inspired this article), CIMB’s My Paw Pal is offered by Malaysian bank CIMB, but the policy is underwritten by Japanese insurance company Sompo.

There’s only one My Paw Plan, which retails at $74.90 per year. It covers the basics like accidental death ($1,500), accidental injury ($3,000), funeral services due to accidental death ($300) and third party liability (up to $250,000), as well as all dog and cat breeds.

While not explicitly stated, you can only claim up to 70% of medical expenses. Your dog and/or cat will also need to be microchipped and be between 12 weeks old and 7 years old upon enrolment.

You can check here for more details.

2. AIA Paw Safe

AIA Paw Safe pet insurance for dogs (Underwritten by AIA, of course)

Pros:

Cheap premium
Covers accidental death & injury, as well as funeral expenses
Covers theft with high benefit
High third-party liability benefit

Cons:

For dogs only
Coverage until dog is 8 years old only
No coverage for pre-existing and congenital conditions
No coverage for medical expenses, only accidental death/injury
Dog breed exclusions apply

Like CIMB, AIA only has one plan, Paw Safe. Costing $79.49 & up, the relatively affordable plan covers accidental death and injury (up to $1,000), as well as funeral services like cremation and burial (up to $250).

Additionally, it covers theft, and you can claim $1,000 or the purchase price of your dog, whichever is lower. Which of course isn’t exactly a good idea since we should all adopt instead of buy.

But anyways, you can tap here for more details.

3. AON HappyTails

AON Happy Tails pet insurance for dogs & cats (underwritten by MSIG)

Pros:

Lifetime coverage
Only insurer to cover some congenital conditions
Covers chemotherapy
Covers all dog and cat breeds
Comprehensive surgical medical benefit

Cons:

20% to 40% co-insurance + $250 deductible applies to all claims
No coverage for funeral expenses (only Furry and Furball plans cover this aspect)
Lack of coverage for non-surgical medical expenses
Lack of coverage for pre-existing and congenital conditions
No coverage for theft

Unlike AIA and Liberty, AON offers lifetime coverage, which is a really big deal for small dog breeds and cats.

Plus, the surgical benefit turns out to be comprehensive, covering hospitalisation (boarding) costs, as well as post-surgery follow-up consultation and diagnostic tests. While funeral services are not claimable under the basic fur plan, the furry and furball plans cover this aspect ($1,500 to $2,500 respectively).

Take note, however, that you’ll have to fork out a 20% to 40% co-insurance (depending on your dog’s age) + a $250 deductible before AON even pays a single cent.

You can check here for more details.

4. Liberty PetCare

Liberty PetCare pet insurance is for dogs and cats only (By Liberty Insurance, of course)

Pros:

Covers all dog and cat breeds
Covers accidental death & injury
Covers both surgical and non-surgical medical expenses (non-deductible)

Cons:

Lack of coverage for funeral expenses
Coverage until dog is 13 years old only
No coverage for pre-existing and congenital conditions

While Liberty’s cheapest PetCare plan starts at $350/year (making it the msot expensive of the basic plans), it also covers vet bills, which tend to rack up the most costs over a pet’s lifetime.

Additionally, the plans cover dogs and cats for accidental death/injury ($50 deductible), plus surgical and non-surgical medical expenses (non-deductible). It also covers theft for dogs, though cats are not included. Maybe because cats usually DGAF if you leave the cute creature outdoors.

Your furkid’s insurance viability will also be ensured until it’s 13 years of age, and all breeds are covered.

You can look here for more details.

Pet Insurance

Sure, insurance plans for humans might be more viable, or as some people may preach, logical. But the fact remains that to most, if not all, pet owners, their pet is of the utmost significance as well.

Thus, by ensuring that their pet is insured well and proper, they’ll surely be able to rest at ease.

Just treat your pets like how our boss treat us, and you’ll be fine.

(Someone please send help)

4 Places in S’pore To Buy Pet Insurance For Your Beloved Furkids

1. CIMB My Paw Pal

2. AIA Paw Safe

3. AON HappyTails

4. Liberty PetCare

Pet Insurance

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