7 June Update: AIA Paw Safe is now obsolete.
As a pet owner, you want to ensure that your furry friend is always happy and healthy.
However, accidents and illnesses can happen anytime, and the cost of veterinary care can quickly add up. That’s where pet insurance comes in.
Pet insurance is a great way to protect your beloved pet and your wallet.
With so many options available, choosing the right one for your pet’s needs can be challenging.
In this article, we’ll take a closer look at Singapore’s best pet insurance options and help you make an informed decision.
So, whether you have a new puppy or an older cat, read on to find out which pet insurance provider is right for you and your furry companion.
What does pet insurance usually cover?
Depending on the insurer, pet insurance mostly covers
- Accidental death,
- Dental treatments due to accident or illness,
- Non-surgical treatment,
- Surgical treatment,
- Post-surgery treatment,
- Cancer treatment,
- Chemotherapy,
- Final expenses due to an accident (i.e. euthanasia, cremation, funeral services, etc.),
- Third-party liability, and/or
- Loss of pet due to theft
They also typically cover microchipped pets, who must not be working dogs or pets used for breeding purposes.
Your pet should also be Animal Veterinary Service (AVS)-licensed.
What does pet insurance usually not cover?
Some of the major exclusions in pet insurance are but are not limited to:
- Theft arising from any intentional, neglectful, or preventable act
- Liability arising from any intentional or preventable act
- Pre-existing, hereditary, congenital, and skin conditions
- Day-to-day care (e.g. vitamins, supplements, vaccinations, training, grooming)
- Damage to teeth and gums unless as a result of an accident
- Illness related to endoparasites or ectoparasites, hip dysplasia, rabies
- Elective procedures and treatments (e.g. nail clipping, tail docking, debarking)
Comparison of the Best Pet Insurance Plans in Singapore
In this article, we will cover the following pet insurance plans.
- AIA Paw Safe
- NTUC/AON Happy Tails (Fur, Furry, and Furball)
- NTUC/AON Happy Tails Purrfect
- CIMB My Paw Pal
- Liberty Pet Care (Standard, Enhanced, Superior)
Keep in mind that pet insurance in Singapore covers dogs and/or cats only.
| Pet Insurance Plan | Coverage for Dog | Coverage for Cat |
| AIA Paw Safe | √ | |
| AON Happy Tails (Fur, Furry, Furball) | √ | |
| AON Happy Tails Purrfect | √ | |
| CIMB My Paw Pal | √ | √ |
| Liberty Pet Care (Standard, Enhanced, Superior) | √ | √ |
Here are the benefits of each pet insurance policy at a glance.
| Pet Insurance Plan | Annual Premium | Accidental Death | Veterinary Fees due to Accident | Veterinary Fees due to illness (Non-surgical) | Veterinary Fees due to illness (Surgical) | Final Expenses (Cremation or Burial) due to accident | Final Expenses (Cremation or Burial) due to illness | Loss of dog due to theft | Third party liability | Others |
| AIA Paw Safe | $79.49 | $1,000 or purchase price | Up to $1,000 | N.A | N.A | Up to $250 | N.A | $1,000 or purchase price | Up to $1,000,000 | N.A |
| AON Happy Tails Fur | $315.72 | N.A | N.A | $2,500 + Room and board $250 + Post-surgical treatment $150 | N.A | N.A | N.A | $100,000 | Chemotherapy $1,000 No claim discount Covers specified hereditary and congenital conditions | |
| AON Happy Tails Purrfect | $261.86 | N.A | N.A | $3,800 + Room and board $380 + Post-surgical treatment $200 | $250 | N.A | N.A | $250,000 | Chemotherapy $1,200 No claim discount Covers specified hereditary and congenital conditions | |
| CIMB My Paw Pal | $87.74 | $1,500 | Up to $1,500 per year | Up to $1,500 per year (if you pay the additional premium of $324) | Up to $300 | Up to $300 per year (if you pay the additional premium of $324) | Up to $1,500 (if you pay the additional premium of $32.40) | Up to $250,000 | N.A | |
| Liberty Pet Care Standard | $353 | $1,000 | $500 per incident | Up to $2,000 per year 1. $500 per incident (Non-surgical) 2. $1,500 per incident (Surgical) | N.A | N.A | $300 per incident | $100,000 per incident | No claim discount | |
Cheapest Pet Insurance for Dogs
For Dog Owners – CIMB My Paw Pal
This comparison is based on the lowest tier plan from each insurer.
| Pet Insurance Plan | Annual Premium |
| AIA Paw Safe | $79.49 (with microchip) $84.58 (without microchip) |
| AON Happy Tails Fur | $315.72 |
| CIMB My Paw Pal | $87.74 |
| Liberty Pet Care Standard | $353 |
As you can see, AIA Paw Safe has the cheapest annual premium among insurers at $79.49!
However, as of 7 June 2023, the AIA Paw Safe is no longer available. Thus, the cheapest pet insurance for dogs is now the CIMB My Paw Pal at $87.74!
All insurers generally impose that your dog must be microchipped for it to be covered.
For the case of CIMB My Paw Pal, the premium is still comparatively cheaper than the others.
Plus, it does cover the basics of pet insurance like
- accidental death,
- veterinary fees due to accidents,
- cremation/burial expenses,
- loss of dog due to theft,
- third-party liability.
So, if you want to insure your furry canine at the cheapest price, the CIMB My Paw Pal would be your pet insurance plan.
For Cat Owners – CIMB My Paw Pal
| Pet Insurance Plan | Annual Premium |
| AON Happy Tails Purrfect | $261.86 |
| CIMB My Paw Pal | $87.74 |
| Liberty Pet Care | $353 |
In the case of feline lovers, CIMB My Paw Pal is the cheapest at only $87.74. In contrast, others cost way over $200.
Like most plans, it covers accidental death, medical expenses due to accident, cremation/burial expenses and third-party liability.
Unfortunately, its basic plan does not cover the loss of your cat in case of theft unless you pay an additional premium of $32.40.
Knowing the nature of cats, if you’re not careful, they will tend to wander and possibly get stolen by others.
Even with the add-on, it’s only $120.14 annually, which is still less than half the price of your next cheapest option.
Speaking of add-ons, it also provides optional additional covers for medical and cremation/burial expenses due to illness at an additional premium of $324.
What’s more — no medical examination is required before the policy commences. Simple and easy, and with instant protection upon successful enrolment.
Best Pet Insurance for Longest Age Eligibility Range
For Dog Owners – Liberty Pet Care
| Pet Insurance Plan | Age Eligibility |
| AIA Paw Safe | 3 months – 7 years |
| AON Happy Tails | 16 weeks – 9 years |
| CIMB My Paw Pal | 12 weeks – 7 years |
| Liberty Pet Care | 8 weeks – 9 years |
For Cat Owners – Liberty Pet Care
| Pet Insurance Plan | Age Eligibility |
| AON Happy Tails Purrfect | 16 weeks – 9 years |
| CIMB My Paw Pal | 12 weeks – 7 years |
| Liberty Pet Care | 8 weeks – 9 years |
Liberty Pet Care is the best plan when it comes to the age eligibility range. It covers dogs and cats from as early as 8 weeks and up to 9 years old!
This is great for owners who wish to get their companion insured as early as possible or those who are more indecisive and who can still decide to get pet insurance even when their pet is older.
They also offer 3 types of packages to choose from:
- Standard,
- Enhanced
- Superior
Each of these packages comes with accidental death, accidental injury, theft, illness (surgical and non-surgical treatment), and third-party liability benefits.
Similar to CIMB My Paw Pal, the theft benefit is unfortunately not applicable to cats.
But Liberty Pet Care is one of the few pet insurance plans that offer a No Claim Discount. Here’s a table to illustrate the different tiers.
| No Claim Period | Discount Applicable |
| 1 year | 5% |
| 2 consecutive years | 10% |
| 3 consecutive years | 15% |
Plus, you also get the freedom to choose a vet of your choice, and your pet will not be subjected to any medical examination.
Best Pet Insurance with the Longest Coverage Period
For Dog Owners – AON Happy Tails
| Pet Insurance Plan | Coverage Period |
| AIA Paw Safe | Up to 8 years old |
| AON Happy Tails | Lifetime |
| CIMB My Paw Pal | Up to 13 years old |
| Liberty Pet Care | Up to 13 years old |
For Cat Owners – AON Happy Tails Purrfect
| Pet Insurance Plan | Coverage Period |
| AON Happy Tails Purrfect | Lifetime |
| CIMB My Paw Pal | Up to 13 years old |
| Liberty Pet Care | Up to 13 years old |
In the case of dog and cat owners, AON Happy Tails and AON Happy Tails Purrfect win hands down when it comes to the longest coverage period — a lifetime to be precise!
Remember how we mentioned that one of the pet insurance plans’ major exclusions was pre-existing, hereditary, congenital, and skin conditions?
Well, that’s not the case for AON’s pet insurance plans.
This is because they are the only plan covering specified hereditary and congenital conditions such as hip dysplasia and glaucoma!
Just so long as your dog or cat is enrolled into the plan before age 6 with no pre-existing conditions, it can be covered for those specified hereditary and congenital conditions.
Do note that this is on the condition that a registered vet conducts a clinical examination within 30 days of its enrolment into the policy.
A waiting period of 12 months is imposed from the policy commencement for the benefits to take effect.
Keep in mind, though, that AON Happy Tails insurance also has co-insurance and deductible aspects tied to it, and the % of co-insurance differs according to your pet’s age of enrollment.
| Co-insurance | 20% – Dogs/Cats enrolled before age 4 30% – Dogs/Cats enrolled before age 7 40% – Dogs/Cats enrolled before age 9 |
| Deductible | $250 |
In simple terms, a deductible is simply an amount you fork out every policy year before the coverage kicks in.
And co-insurance is a % you pay for the medical bill incurred by your pet, while the insurer pays the rest.
Most Value Pet Insurance for Dog Owners
In this comparison, we will use the basic plan offered by each insurer. Here are the summarised benefits from the insurers that provide coverage for dogs.
| Pet Insurance Plan | Annual Premium | Accidental Death | Veterinary Fees due to Accident | Veterinary Fees due to illness (Non-surgical) | Veterinary Fees due to illness (Surgical) | Final Expenses (Cremation or Burial) due to accident | Final Expenses (Cremation or Burial) due to illness | Loss of dog due to theft | Third-party liability | Others |
| AIA Paw Safe | $79.49 | $1,000 or purchase price | Up to $1,000 | N.A | N.A | Up to $250 | N.A | $1,000 or purchase price | Up to $1,000,000 | N.A |
| AON Happy Tails Fur | $315.72 | N.A | N.A | $2,500 + Room and board $250 + Post-surgical treatment $150 | N.A | N.A | N.A | $100,000 |
Chemotherapy $1,000 No claim discount Covers specified hereditary and congenital conditions |
|
| CIMB My Paw Pal | $87.74 | $1,500 | Up to $1,500 per year | Up to $1,500 per year (if you pay the additional premium of $324) | Up to $300 | Up to $300 per year (if you pay the additional premium of $324) | Up to $1,500 (if you pay the additional premium of $32.40) | Up to $250,000 | N.A | |
| Liberty Pet Care Standard | $353 | $1,000 | $500 per incident |
Up to $2,000 per year 1. $500 per incident (Non-surgical) 2. $1,500 per incident (Surgical) |
N.A | N.A | $300 per incident | $100,000 per incident | No claim discount | |
Accidental Death Coverage – CIMB My Paw Pal
| Pet Insurance Plan | Annual Premium | Accidental Death | Cost-to-Benefit Ratio |
| AIA Paw Safe | $79.49 | $1,000 or purchase price | 12.58 |
| CIMB My Paw Pal | $87.74 | $1,500 | 17.10 |
| Liberty Pet Care Standard | $350 | $1,000 | 2.83 |
Veterinary Fees due to Accident Coverage – CIMB My Paw Pal
| Pet Insurance Plan | Annual Premium | Veterinary Fees due to Accident | Cost-to-Benefit Ratio |
| AIA Paw Safe | $79.49 | Up to $1,000 | 12.58 |
| CIMB My Paw Pal | $87.74 | Up to $1,500 per year | 17.10 |
| Liberty Pet Care Standard | $350 | $500 per incident | 1.42 |
Let’s first talk about the coverage associated with accidents involving dogs.
I mean just in 2022 alone, there were many incidents reported of dogs dying or getting injured from accidents such as dog attacks or cars running over.
If you’re worried about your dog getting into an accident, especially if it tends to go off its leash, you should think about getting a pet insurance plan that provides a substantial amount of coverage for a reasonable premium.
As such, CIMB My Paw Pal stands as the most for value pet insurance plan for the above 2 categories, and for obvious reasons.
It offers the highest benefit of $1,500 for both instances and ranks in the middle in terms of its premium.
It also offers a final expense benefit of up to $300 and even a third-party liability of up to $250,000.
However, if your dog has a history of getting into accidents often, you may wish to consider Liberty Pet Care as another option because it provides veterinary fees coverage of $500 per incident.
Say your dog gets into 4 accidents in its lifetime. That equals a total of $2,000 claimed, which exceeds CIMB My Paw Pal’s veterinary fees benefit of $1,500.
The only tradeoff for Liberty Pet Care is the lower accidental death benefit, and if your dog gets into only 1 or 2 accidents in its lifetime.
And, of course, its pricey premium of $350.
Eventually, it all boils down to your dog’s habits and mannerisms.
Veterinary Fees due to Illness Coverage (Non-Surgical and Surgical) – AON Happy Tails Fur
| Pet Insurance Plan | Annual Premium | Veterinary Fees due to illness (Non-surgical) | Veterinary Fees due to illness (Surgical) | Cost-to-Benefit Ratio |
| AON Happy Tails Fur | $315.72 | $2,500 + Room and board $250 + Post-surgical treatment $150 | 9.19 | |
| CIMB My Paw Pal | $87.74 + $324 = $411.74 | Up to $1,500 per year | 3.64 | |
| Liberty Pet Care Standard | $353 | Up to $2,000 per year 1. $500 per incident (Non-surgical) 2. $1,500 per incident (Surgical) | 5.67 | |
When your little furry companion is sick, you as its beloved owner, would do everything you can to cure it – like sending them to vets for surgical or non-surgical treatments.
And we all know that in Singapore, these can be rather hefty sums that can take a hit on your bank account.
If this is your priority, AON Happy Tails Fur is the plan for you because it offers the highest coverage, even at the cheapest premium amongst the rest of the insurers!
Plus, on top of its coverage for specified hereditary and congenital conditions and having the longest coverage period of a lifetime, it also offers a no-claim discount, just like Liberty Pet Care Standard.
What’s even better is that it continues providing the discount upon the 4th & subsequent renewals, unlike Liberty Pet Care which stops at the 3rd year.
| No Claim Period | Discount Applicable |
| Inception year | 0% |
| 1st renewal | 5% |
| 2nd renewal | 10% |
| 3rd renewal | 15% |
| 4th & subsequent renewals | 15% |
Most Value Pet Insurance for Cat Owners
Just like for the comparison for dog owners, we will use the basic plan offered by each insurer. Here are the summarised benefits from the insurers that provide coverage for cats.
| Pet Insurance Plan | Annual Premium | Accidental Death | Veterinary Fees due to Accident | Veterinary Fees due to illness (Non-surgical) | Veterinary Fees due to illness (Surgical) | Final Expenses (Cremation or Burial) due to accident | Final Expenses (Cremation or Burial) due to illness | Third party liability | Others |
| AON Happy Tails Purrfect | $261.86 | N.A | N.A | $3,800 + Room and board $380 + Post-surgical treatment $200 | $250 | N.A | $250,000 | Chemotherapy $1,200 No claim discount Covers specified hereditary and congenital conditions | |
| CIMB My Paw Pal | $87.74 | $1,500 | Up to $1,500 per year | Up to $1,500 per year (if you pay the additional premium of $324) | Up to $300 | Up to $300 per year (if you pay the additional premium of $324) | Up to $250,000 | N.A | |
| Liberty Pet Care Standard | $353 | $1,000 | $500 per incident | Up to $2,000 per year 1. $500 per incident (Non-surgical) 2. $1,500 per incident (Surgical) | N.A | N.A | $100,000 per incident | No claim discount | |
Accidental Death Coverage – CIMB My Paw Pal
| Pet Insurance Plan | Annual Premium | Accidental Death | Cost-to-Benefit Ratio |
| CIMB My Paw Pal | $87.74 | $1,500 | 17.10 |
| Liberty Pet Care Standard | $353 | $1,000 | 2.83 |
Veterinary Fees due to Accident Coverage – CIMB My Paw Pal
| Pet Insurance Plan | Annual Premium | Veterinary Fees due to Accident | Cost-to-Benefit Ratio |
| CIMB My Paw Pal | $87.74 | Up to $1,500 per year | 17.10 |
| Liberty Pet Care Standard | $350 | $500 per incident | 1.42 |
As you know, cats have the tendency to wander off on their own. They do come back, but what if they don’t come back in one piece?
There was even an article reporting that cats falling to their deaths have become a common occurrence in Singapore.
Sounds scary, huh? Especially if you’re a cat owner living on a high floor.
Yes, we all know that cats can land gracefully from a height, but you definitely wouldn’t want to take any chances, especially for your beloved feline, right?
That’s why the CIMB My Paw Pal earn its title of first place for both accident-related categories, given its high cost-to-benefit ratio.
And remember, CIMB My Paw Pal does not require your cat to go through any medical examination before the policy commences.
What’s more – all it takes is a simple 4-step process for processing your claims.
Veterinary Fees due to Illness Coverage (Non-Surgical and Surgical) – AON Happy Tails Purrfect
| Pet Insurance Plan | Annual Premium | Veterinary Fees due to illness (Non-surgical) | Veterinary Fees due to illness (Surgical) | Cost-to-Benefit Ratio |
| AON Happy Tails Purrfect | $261.86 | $3,800 + Room and board $380 + Post-surgical treatment $200 | 16.73 | |
| CIMB My Paw Pal | $87.74 + $324 = $411.74 | Up to $1,500 per year | 3.64 | |
| Liberty Pet Care Standard | $353 | Up to $2,000 per year 1. $500 per incident (Non-surgical) 2. $1,500 per incident (Surgical) | 5.67 | |
No competition here, it’s AON Happy Purrfect for sure.
When it comes to illness coverage, you must consider many other monetary factors, such as where to house your cat for the time being or even if it needs follow-up treatments.
Well, AON Happy Tails Purrfect takes the liberty of looking after all of that for you, and it even includes benefits for room and boarding and post-surgical treatments.
And looking at just the extent of coverage alone, it already totals a whopping $4,380 – easily 2 to 3 times more than the rest of the insurers.
And yet, it has the cheapest premium. Purrfect, isn’t it?
What is pet insurance?
Pet insurance is a type of insurance policy that covers the costs of veterinary care for your pet.
It works similarly to health insurance for humans, where you pay a monthly premium and in return, the insurance company covers a portion of your pet’s medical expenses in case of illness or injury.
Pet insurance can help pet owners avoid high veterinary bills and provide peace of mind knowing that their pets are covered in case of unexpected health issues.
The coverage can vary depending on the policy and provider, but it typically includes things like accidents, illnesses, surgeries, and medications.
How do I pick the best pet insurance for my pet?
Choosing the best pet insurance for your pet in Singapore can be overwhelming, but it’s important to consider a few key factors before making a decision.
Choose plans that cover your pet
When looking for the best pet insurance in Singapore, it’s important to choose a plan that covers your specific pet, whether it’s a cat or a dog.
Some insurance providers may offer plans that are tailored to either cats or dogs, while others may offer plans that cover both.
This is the first step to choosing the best pet insurance, so make sure not to buy a cat insurance policy for your dog!
Chose plans that cover your pet’s breed
When looking for the best pet insurance in Singapore, it’s important to choose a plan that covers your pet’s breed.
Different breeds have different health risks; some may be more prone to certain illnesses or conditions than others.
By choosing a plan that covers your pet’s breed, you can ensure that you’ll have financial protection if your pet develops a breed-specific condition.
This can save you a lot of money in the long run, as some treatments for these conditions can be quite expensive.
When comparing pet insurance plans, be sure to check the list of covered conditions for each plan.
Look for plans that specifically mention your pet’s breed and any conditions that they may be prone to.
If you’re unsure what conditions your pet’s breed is at risk for, research or ask your veterinarian for advice.
Keep in mind that some pet insurance plans may have exclusions for certain breeds or conditions.
Ensure you read the fine print and understand exactly what is and isn’t covered before signing up for a plan.
How old is your pet?
When looking for the best pet insurance in Singapore, it’s important to consider your pet’s age.
Many insurance companies have age restrictions and may not offer coverage for pets who are too young or too old.
For younger pets, looking for insurance plans that offer coverage for vaccinations, spaying/neutering, and other routine care may be beneficial.
These plans can help offset preventative care costs and ensure your pet stays healthy as they grow.
For older pets, it may be more important to look for plans that cover chronic conditions and age-related illnesses.
As pets age, they may be more prone to health issues such as arthritis, diabetes, or cancer.
Having insurance coverage for these conditions can help alleviate the financial burden of expensive treatments and medications.
It’s also important to note that some insurance companies may have a maximum age limit for coverage.
Be sure to check with the company to ensure your pet will be covered for its entire lifespan.
What coverage are you looking for?
Medical bills
When looking for the best pet insurance in Singapore, it’s important to consider coverage for medical bills.
This type of coverage can help you pay for unexpected veterinary expenses, which can quickly add up and cause financial strain.
Most pet insurance plans offer coverage for medical bills, including diagnostic tests, surgeries, medications, and hospitalisation.
However, reading the policy carefully and understanding the specific coverage limits and exclusions is important.
Some pet insurance plans may also offer additional coverage options, such as alternative therapies, behavioural therapy, and dental care.
These can be beneficial if you have a pet with specific health needs or if you want to provide comprehensive coverage.
Accidents
Another important consideration is to look at coverage for accidents.
Accidents can happen at any time, and having insurance that covers them can provide peace of mind for pet owners.
Accident coverage typically includes things like broken bones, cuts, and burns. Some policies may also cover emergency veterinary care and surgery.
Some policies focus heavier on providing more accident coverage, while others focus more on medical bills.
So it’s up to you to decide which you should get more of – medical bills, accidents, or a balance.
It’s important to read the fine print of any policy to understand exactly what is covered and what is not.
Some policies may have exclusions for certain types of accidents or may require additional riders for certain activities, such as hiking or swimming.
Look at the exclusions
When looking for the best pet insurance in Singapore, it’s important to carefully examine the exclusions in the policy.
Exclusions are conditions or situations that are not covered by the insurance plan.
Some common exclusions in pet insurance policies include pre-existing conditions, elective procedures, and certain breeds or species of animals.
Understanding these exclusions before signing up for a policy is important, as they can greatly impact the coverage and benefits you receive for your pet.
While exclusions may seem like a negative aspect of pet insurance, they are necessary to ensure that insurance companies can provide affordable coverage for pet owners.
What is your budget?
Lastly, it’s important to consider your budget.
Pet insurance can vary in price depending on the coverage and provider.
Determine how much you are willing to spend on monthly premiums and how much you can afford to pay out-of-pocket in case of an emergency.
It’s important to note that cheaper plans may not cover as much as more expensive ones, so understand what is covered and what is not.
Some providers may also offer discounts for multiple pets or for paying upfront for a year’s worth of coverage.
Consider the age and health of your pet as well.
Older pets or pets with pre-existing conditions may require more comprehensive coverage, which can be more expensive.
However, it’s better to invest in a higher coverage plan than to risk not being able to afford the necessary medical care for your furry friend.
Why should I get pet insurance?
You should get pet insurance because it provides numerous benefits for pet owners, including financial protection against unexpected veterinary bills, peace of mind knowing that your pet is covered in case of illness or injury, and access to a wide range of veterinary services.
In Singapore, pet insurance is becoming increasingly popular as more pet owners recognise the importance of protecting their furry friends.
With pet insurance, you can ensure that your pet receives the best possible care without having to worry about the cost.
Additionally, some pet insurance policies also cover routine care such as vaccinations and wellness checks.
Pet insurance is a smart investment for any pet owner who wants to provide their pet with the best possible care while protecting themselves from unexpected expenses.
Which Dog & Cat Breeds Are Not Insurable?
It is important to check with individual pet insurance providers in Singapore about their policies on insuring specific dog and cat breeds.
However, some breeds that may be considered high-risk or prone to certain health conditions may be excluded from coverage by some insurers.
Examples of dog breeds that may not be insurable include Pit Bulls, Rottweilers, and Doberman Pinschers.
Some cat breeds that may also be excluded from coverage include Persians and Himalayans.
It is best to inquire with pet insurance providers about their policies on breed exclusions.
Frequently Asked Questions (FAQs)
Does pet insurance cover chemotherapy?
Some pet insurance plans may cover chemotherapy treatments for pets, while others may not.
It is important to carefully review the coverage details of different pet insurance plans and consult with the provider to fully understand what treatments and procedures are covered.
Is it mandatory for my pet to be microchipped to get pet insurance?
It is not mandatory for your pet to be microchipped to get pet insurance. However, some pet insurance providers may require pets to be microchipped as part of their policy requirements.
It is best to check with individual insurance providers for their specific requirements.
It is also important to note that microchipping your pet is a responsible and recommended practice for pet owners, as it can help to identify and locate your pet if they become lost.
Is it worth buying pet insurance in Singapore?
We think it is worth buying pet insurance in Singapore. But whether or not it’s worth buying pet insurance in Singapore depends on your individual circumstances and your pet’s needs.
Pet insurance can help cover unexpected and expensive veterinary bills but also comes with costs and limitations.
It’s important to research and compare different pet insurance policies to find one that fits your budget and provides the coverage you need.
Consider factors such as your pet’s age, breed, and health history, as well as your own financial situation and risk tolerance.
Ultimately, the decision to buy pet insurance in Singapore is a personal one that requires careful consideration.
At what point is pet insurance not worth it?
Whether pet insurance is worth it depends on various factors such as your pet’s health condition, age, breed, and lifestyle, as well as the type of coverage and premium cost offered by the insurance provider.
In Singapore, pet insurance policies usually cover veterinary fees, surgery costs, and sometimes even alternative therapies.
If your pet is relatively healthy and doesn’t require frequent medical attention, paying for pet insurance may not be worth it.
However, if your pet has pre-existing conditions or is prone to illnesses, having pet insurance can save you a lot of money in the long run, but premiums may be more expensive.
But just like health insurance, it’s always best to have it whether you’re healthy or not, because we will never know when something happens.
What are co-insurance and deductibles?
Co-insurance refers to the percentage of the veterinary bill that the pet owner is responsible for paying, after the deductible has been met.
Deductibles, on the other hand, refer to the amount that the pet owner must pay out of pocket before the insurance coverage kicks in.
For example, if a policy has a 20% co-insurance and a $100 deductible, and the veterinary bill is $1,000, the pet owner would be responsible for paying the first $100 (the deductible) and 20% of the remaining $900 (which would be $180).
Different pet insurance policies may have different co-insurance and deductible amounts, so comparing policies carefully before choosing one is important.
Conclusion
In conclusion, investing in pet insurance can provide peace of mind and financial security for both you and your furry companion.
With so many options available in Singapore, it’s important to do your research and choose a plan that meets your specific needs and budget.
Remember, accidents and illnesses can happen anytime, so don’t wait until it’s too late. Protect your pet and your wallet by considering pet insurance today.
