Pet Insurance: Is It A Must-Have For Your Furry Kids?

The market for goods meant to ensure their well-being is expanding alongside the number of Indian families with furry members. After pet food and veterinary care, more and more general insurance providers are venturing into the pet insurance market. The products are designed to protect pet owners from various risks, including medical emergencies, surgeries, and even theft of their furry children.

Even though the number of pets is increasing exponentially, the financial planning for their medical costs still needs to be explained. Most people need to be made aware that such a product is offered.

How Does It Function?

By covering the cost of medical care, a pet health insurance policy promises to provide for your pets’ overall health and welfare. Similar to health insurance for people, these products cover the costs of veterinary care for animals if they get sick or are injured.

According to insurers, doing so helps pet owners reduce the possibility of incurring significant medical costs for their animals and ensures they receive the ideal care possible. These products also cover pet thefts and protect the policyholder from damage claims made by third parties or individuals who might be harmed due to your pet’s actions.

What Is Included?

A pet insurance policy covers your pets for all medical costs, surgeries, and serious illnesses. In addition to facilitating OPD (Outpatient Department) coverage, it provides coverage for your pet’s passing away from an illness or accident.

Third-party liability insurance is a very important cover that such products include:*

  • When your pet bites someone or damages their vehicle or property, you are covered by third-party liability insurance.
  • The dog insurance also covers the cost of replacing your dog if it is stolen or lost. These costs cover the price of making police complaints, giving out rewards, etc.

The Price Of Pet Insurance

Your choice of insurer and your pet’s age, size, and breed affect how much pet insurance will cost you. In addition, the cost of your plan will also depend on the health of your pet and the amount of insurance you choose. 

Major Dampeners Are Exclusions And Restrictions

Pre-existing conditions and specific ailments like rabies and distemper, which cause the pet’s passing away, are not covered by insurers. Most pet insurance policies also don’t cover conditions like kidney failure.

Most pet insurance policies have 20 to 30 exclusions, which negate the purpose of having the procedure in the first place. Pet insurance can be a useful tool for ensuring the well-being of your furry kids. While it may not be required for each pet owner, it provides peace of mind and financial protection in the face of unexpected veterinary expenses. Pet insurance allows you to make decisions based on the ideal interests of your pet’s health rather than worrying about the cost of treatment.

Standard T&C apply. 

All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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