Owners buying insurance for cats, dogs on the rise
News from Channel News Asia:

SINGAPORE: In the span of a year, two accident and health insurance plans covering both dogs and cats — previously non-existent here — have sprung up, drawing pet owners in droves.

PetCare, offered by Liberty Insurance since last February, has attracted about 150 sign-ups. It covers third-party liability, accidents such as theft, those that lead to injury or death, and vet expenses for non-surgical and surgical treatment for cats and dogs. Premiums range from S$ 321 to S$ 695, depending on the grade of plan.

Late last month, Aon Singapore started offering its Happy Tails plan and has already garnered “double-digit” sign-ups. Annual premiums range from around S$ 265 to S$ 1,810 for dogs, depending on the breed, age and grade of plan. Premiums for cats are around S$ 244 to S$ 420. Coverage includes specified hereditary conditions, specified congenital conditions, chemotherapy and surgery.

While AIA Singapore’s Paw Safe has been around since 2006, it is an accident plan for dogs only and does not offer medical coverage. Take-up rate for this has been growing steadily, it said. NTUC Income offered an accident and medical insurance policy in 2000, but it was discontinued after a few years.

A check with other insurance companies such as Prudential and Aviva showed they do not offer pet insurance and do not plan to do so any time soon.

PetCare cov…………… continues on Channel News Asia

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