pET INSURANCE

PAWS, CLAWS AND POLICIES - A Deep Dive Into Unique Pet Insurance Plans In India

Published on December 16, 2023

Pet insurance is a special type of insurance for pets that safeguards their overall health and well-being. It provides financial protection in case of accidents, illnesses, and other veterinary expenses. In India, several companies offer pet insurance policies for various animals, including dogs and cats.

Types of Insurance

Accident-Only Insurance

This type of insurance covers the cost of treating accidental injuries and emergencies, such as broken bones, poisoning, and lacerations. It does not cover illnesses or routine care. The coverage includes diagnostic services, treatments, and medications related to accidents and injuries.

Accident and Illness Insurance

This comprehensive coverage includes accidents, as well as new illnesses that your pet may experience. It covers a wide range of veterinary expenses, including diagnostic testing, prescription drugs, emergency care, hospitalization, surgery, and specialist care.

Wellness Plans

These plans cover routine and preventive care, such as annual vet visits, vaccinations, dental care, and tests. They are designed to help pet owners manage the anticipated costs of keeping their pets healthy. Wellness plans are typically added onto a base insurance plan and are not meant to cover unexpected accidents or illnesses.

Bajaj Allianz Pet Dog Insurance Policy

The coverage includes various essential benefits such as mortality benefit, covering financial aspects in the unfortunate event of a pet's demise.
The policy also encompasses surgery expenses, providing financial support for necessary surgical procedures.
Third-party liability cover is included to protect pet owners from potential legal and medical expenses if their pets cause harm or damage to a third party.
Additionally, the policy addresses concerns related to the safety of pets with theft, loss, and straying cover, offering financial assistance to pet owners in cases where their pets go missing or are subject to theft.

New India Assurance Company Limited

The New India Assurance Company Limited extends its pet insurance coverage to dogs aged 8 weeks to 8 years.
This policy encompasses protection against both accidental death and diseases, ensuring a comprehensive safeguard for pet owners.
Furthermore, the coverage includes provisions for lost or stolen dogs, particularly in cases related to burglary or house break-ins.
The insurance plan goes beyond the well-being of the pet itself, offering liability coverage for personal injuries and damage to property caused by the insured dog.

Oriental Insurance Company Limited

The Oriental Insurance Company Limited presents a pet insurance plan tailored for dogs aged 8 weeks to 8 years.
This comprehensive coverage includes protection for accidental death during transit, ensuring that pet owners are financially supported in the unfortunate event of such incidents.
Additionally, the policy addresses concerns related to lost or stolen dogs, offering assistance in cases of unexpected circumstances.
Furthermore, the insurance plan encompasses the loss of value resulting from accidents, providing a holistic approach to safeguarding the well-being and financial interests of pet owners.

Digit Pet Insurance Policy

Digit Pet Insurance Policy offers a maximum annual coverage of INR 50,000 for dogs and cats within the entry age of 8 weeks to 8 years.
The key features include coverage for routine healthcare expenses like vaccination, deworming, tick treatment, and minor illnesses.
The policy is known for its customization and flexibility for both cats and dogs, covering costs related to accidental injuries, death, hospitalization, surgery, funeral expenses, and specialized therapies such as chemotherapy and laser treatment.
Additionally, pet owners can avail a complimentary health check-up for their insured pets, and there is an option for teleconsultation with a registered vet.
The policy also provides an optional coverage for third-party liability in case the insured pet causes harm to a third party or their property.
It’s important to note that pre-existing diseases are not covered under this insurance policy.

General Exclusions Of Pet Insurance Plans

Though the pet insurance plans have come up with a sack full of benefits and facilities, it also has some exclusion. You need to know about these exclusions as well to avoid future complexities. The general exclusions are as follows.

Willful or malicious injury to your pet is excluded from coverage under pet insurance plans.
Surgeries that are not related to illness or disease are not covered.
Death resulting from specific diseases like Viral Hepatitis, Viral Enteritis, Leptospirosis, etc., unless critical or long-term additional cover is taken, is excluded.
Surgeries related to grooming or pregnancy are not covered by the insurance plan.
Injuries or illnesses arising from neglect or unskillful handling of the pet are excluded.
Cosmetic surgeries for pets are not included in the coverage.
Pre-existing illnesses, contracted before taking the policy, are not covered.
Dental surgeries that are not necessary due to an accident or illness are excluded.
Loss or injury due to war, foreign hostility, human unrest, terrorist activity, revolution, rebellion, military upheaval, etc., is not covered under the the insurance plan.

Please note: This information is for general purposes only and is not financial or legal advice.

The details presented are subject to change due to various factors, such as regulatory updates, economic conditions, and individual circumstances. Relying on this information is at the reader’s own risk, and it is advisable to consult with financial experts for accurate and up-to-date information tailored to individual circumstances.

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