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The Complete Pet Insurance Policy Guide In Singapore
It is highly likely
that the stressful lifestyle of living in Singapore is one of the main factors
that brought about the increase of Pet ownership amongst Singaporeans. After
all, having a pet in our lives have proven to be nothing short of therapeutic and rewarding at the same time.
1 out of 3 people within your circle of friends or family probably are Pet
owners!
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| Source |
Insurance can be a
rather tricky and troublesome thing to figure out, but in a way it is a
definite must for every human being, ensuring you receive monetary help in times
of need. By now, Pet owners are no strangers to how costly a medical procedure
can be, and like humans, pets can also contract illnesses and such as they grow
older. This is why Pet Insurance has come about, all to help you tackle the unexpected
accidents and monetary issues that might surface.
What Are The Available Policies
As concerned pet
owners ourselves, we took the liberty of looking through every insurance policy
available for pets in Singapore, and compiled the important information (including a chart!) that
you can now browse through and decide on the best plan to consider for your
Furkids! To begin, there are THREE Insurance companies that cover policies for your
pets. These are PawSafe (by AIA Insurance), PetCare (by Liberty Insurance) and
HappyTails (by MSIG Insurance).
Let’s break it down!
1. PawSafe (AIA Insurance)
PawSafe is an
insurance policy by AIA Insurance since 2006, coverage for Dogs ONLY. These are the main
pointers to take note of at a glance:
Eligibility
1. All breeds
accepted except - Mastiff, Bull Terrier, Staffordshire Bull Terrier, Pitbull
Terrier, American Pitbull Terrier, Argentina Dog, Canary Dog, American Bulldog
and Dogs that are crossbred with the listed breeds and/or wolves.
2. Dogs do not have
to be Pedigrees
3. Dogs have to be
licensed
4. Applicant must be
Dog’s owner
5. Maximum 1 policy
per Dog, 2 Dogs for each household
6. Renewal of policy
is available yearly until Dog reaches the age of 8 years
7. Dogs must be at
least 3 months old, upon application of policy
Coverage Benefits
Vet Bills – Up to SGD $1,000, incurred within 30 days of accident; *Deductible of $150 per claim
*the part of an insurance claim
to be paid by the insured
Theft of Dog – SGD $1,000
or purchased price of Dog, whichever is lower
*Deductible of $250
per claim
(for insured Dogs
that are not found within 28 days after reporting)
Death – SGD $1,000 or purchased price of Dog, whichever is lower
(for insured Dogs
that passes on within 90 days from accident)
Coverage for Cremation
and Burial, up to SGD $250
Third Party Liabilities – Up to SGD $1,000,000
*Deductible of $1,000
per claim
(i.e. Damages
incurred by insured Dog, to properties or living things)
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| AIA PawSafe Brochure |
No Coverage
Some of the main
exclusions in this policy includes: Pre-existing conditions,
Congenital/Hereditary defects and diseases, Breeding related conditions, Skin
problems, Pregnancy and Castration related issues.
Remember to review
the full list of Exclusions
in the policy when presented to you in print.
Premium Rates
SGD$ 6.63/mth = SGD $79.56/year
– for Micro-chipped Dog
SGD $7.05/mth = SGD $84.58/year
– Non Micro-chipped Dog
Cancellation
PawSafe has a “Free
Look” period of 14 days, which means if you wish to cancel the policy, it has
to be done within 14 days from commencement, with no claims made.
2. PetCare (LibertyInsurance)
PetCare is an
insurance policy by Liberty Insurance since February 2014, this policy has 3 plans
that covers both Dogs AND
Cats. The 3 plans are: Standard,
Enhanced and Superior.
Eligibility
1. All Dogs and Cats
must be micro-chipped
2. All Dogs and Cats
must not be for breeding or working purposes
3. No Pre-medical
Examination required
4. Must be residing
regularly within your household
5. All Dogs and Cats
to be at least 8 weeks old, upon application of policy
6. Yearly renewal of
policy available for existing insured Dog/Cat no older than 13 years
7. All breeds of Dog
& Cat accepted
Coverage Benefits
The image below was taken
from the PetCare brochure itself, it shows the main benefits and coverage limit
for cases pertaining to each claim. PetCare covers both non-surgical AND surgical procedures.
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| PetCare Brochure |
No Coverage
Major Exclusions are
a few things that this policy does not cover, as always, be sure to go through
the entire list of exclusion when they give you a printed copy of the
policy!
Rates
As you can see, the
amount of Deductibles are much lesser for this policy, and under “Annual
Premiums” is the amount in SGD you are required to pay yearly, inclusive of GST.
Naturally, the higher your premium, the higher the coverage limit.
Standard Plan – SGD $29.17/month
= SGD $350/year
Enhanced Plan – SGD $37.50/month
= SGD $450/year
Superior Plan – SGD $62.50/month
= SGD$ 750/year
No Claim Discount
This refers to an
entitled discount percentage on the payable premiums if you have not made any claims
under the policy after 1 year and above.
Cancellation
PetCare policy has a “Free
Look” period of 14 days too, similarly, if no claims are made within 14 days
from commencement of policy, you may cancel it if you wish to.
HappyTails is an
insurance policy by MSIG Insurance since October 2014, this policy covers both
Dogs AND Cats. This is the
only Pet Insurance policy that covers certain Hereditary and Congenital Diseases,
even Chemotherapy Treatments. Dogs and Cats have different policies available,
and they are:
Dogs – 3 different
Plans: Fur, Furry, and Furball
Cats – 1 Plan:
Purrfect
Eligibility
1. All Dogs and Cats
must be micro-chipped
2. All necessary
vaccinations must be completed and up to date
3. All Dogs and Cats
must not be of breeding or working purposes
4. All Dogs and Cats
to be clinically examined by a licensed vet within 30 days from the
commencement date of the insurance
5. All Dogs and Cats
must be at least 16 weeks old, upon application of policy
6. Annual renewal of
policy available before Dog or Cat is 9 years old
Coverage Benefits
The main coverage of HappyTails
policy includes the following, with different annual coverage limits according
to different plans.
Fur Plan – Maximum
Coverage up to SGD $3,500/year
Furry Plan – Maximum Coverage
up to SGD $7,500/year
Furball Plan –
Maximum Coverage up to SGD $12,500/year
Purrfect Plan (FOR CATS) – Maximum Coverage up to SGD
$5,000/year
Individual Coverage Per Claim
Clinical & Surgical – Necessary surgical procedures and related
issues
Fur Plan – Up to SGD$
2,500
Furry Plan – Up to
SGD $6,000
Furball Plan – Up to
SGD $10,000
Purrfect Plan (FOR CATS) – Up to SGD $3,800
Room & Board – After Surgery stay at a licensed veterinarian
clinic or hospital
Fur Plan – Up to SGD
$250
Furry Plan – Up to
SGD $600
Furball Plan – Up to
SGD $1,000
Purrfect Plan (FOR CATS) – Up to SGD $380
Post-Surgical Treatment – Consultation and related services including
Acupuncture, within 90 days after surgery
Fur Plan – Up to SGD
$150
Furry Plan – SGD $300
Furball Plan – SGD
$500
Purrfect Plan (FOR CATS) – Up to SGD $200
Chemotherapy – Therapy treatment at a licensed Veterinarian Clinic
or hospital
Fur Plan – Up to SGD
$1,000
Furry Plan – Up to
SGD $1,500
Furball Plan – Up tp
SGD $2,500
Purrfect Plan (FOR CATS) – Up to SGD $1,200
Final Expenses - Incurred for euthanasia, cremation, funeral service
and handling charges after death of the Pet
Fur Plan – NOT COVERED
Furry, Furball &
Purrfect Plan – Up to SGD $250
Third Party Legal Liability – Damages caused by insured Pet
Fur Plan – Up to SGD
$100,000
Furry Plan – Up to
SGD $250,000
Furball Plan – Up to
SGD $500,000
Purrfect Plan (FOR CATS) – Up to SGD $250,000
Deductible
For Happy Tails, an
amount of SGD $250 per claim is mandatory, payable by you per claim, applies
for all plans.
Co-Insurance
Co-insurance rates
apply for a lifetime, which is why Pet owners are encouraged to register their
pets at a younger age, to enjoy the rates. This rate will be your payable share
of the made claim for both Dogs AND
Cats, excluding Deductible.
20% - Dogs/Cats
insured before 4 years old
30% - Dogs/Cats
insured before 7 years old
40% - Dogs/Cats
insured before 9 years old
For example,
if your Pet’s age group falls in the 20% category upon applying, this
percentage applies for a lifetime and does not change, even as your pet ages.
No Coverage
HappyTails policies
do not cover pre-existing conditions, clinical examination for insurance
enrolment, preventative care such as annual check-ups, vaccinations;
spay/neuter procedures and teeth cleaning. Be sure to take note on the full
list of exclusions when they present the policy to you!
Based on their listed
coverage, they are really more on helping out with the costs incurred for
necessary surgeries and post-surgical treatments due to unforeseen accidents,
which can surmount to enormous sums.
Premium Rates
The premium rates of
HappyTails insurance policies may vary according to Pet’s age, and conditions.
You may get a quick quotation from them by answering a few questions on these
forms, they end off with an estimated rate for all plans! Otherwise, you can
always drop them a call at 6221 8222 for a fast quote as well. The friendly
staff are more than willing to help with no obligations!
Cancellation
HappyTails policy has
a “Free Look” period of 14 days too, similarly, if no claims are made within 14
days from commencement of policy, you may cancel it if you wish to.
Still Unsure Which To Get?
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There is no doubt
that things can get rather confusing when it comes to Insurance for us humans,
and it is exactly the same way for our Furkids. That is why we did up a
comparison chart, on all three different agencies, with all their plans and how
each differs from the other in terms of coverage.
Go on, have a look!
The listed benefits, information, and rates
were compiled by us. This chart is meant to show you clearly what some policies
may or may not offer. However, if you do eventually consider on one or two
different policies, it is extremely important to go through the print contract
carefully, to get the nitty-gritty of exclusions and coverage.
Our Honest Opinion
Frankly, there isn't an all-rounder plan out there, but you could get 2 policies of different insurance agencies if need be. Ultimately the determining factor should be what us Pawrents are more concerned about. For example, Pawrents in our team are definitely worried about complications that may arise as our pets age, so coverage benefits for Surgical bills and Post Surgery Treatment is an absolute definite! Apart from that, coverage for Accidental Injury comes in handy too, so eventually we all settled for 2 different policies per Dog.
They are family, and they deserve the same concern and protection. It's a pity there isn't any insurance for Rabbits, Guinea Pigs and other small animals don't you think?
You might also be interested in:
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Dog Hotels: The Available Services In Singapore And How To Pick One
Dog Hotels: The Available Services In Singapore And How To Pick One
Ten Useful Hacks For Every Dog Owner
Ten Useful Hacks For Every Cat Owner
Ten Useful Hacks For Every Cat Owner
Your Stories Can Be Heard Too
Have YOU gotten any of these policies? Share your thoughts with us! Your voices are important to us and the Pets community, our readers are encouraged to share their Pet-related reviews of a place and its services, experiences, even lifestyle tips and tricks to better our Pets lives, on our platform, one paw at a time. Be a part of an educational and informative Pets community because at ThePetsDialogue, your voices could make a huge difference on a global scale.
Write to us at [email protected] today!
Our website is a work in progress, however, if you did find our articles interesting please do feel free to share! For more Pet care tips and other Pet-related articles, head to www.thepetsdialogue.com ☺
Disclaimer
This article was written with informational purposes, as you know, we’d love to share our collective research and experiences as fellow Pet owners and lovers. It is not meant to alternate in any way as advice or diagnosis of Professionals.
ThePetsDialogue claims no credit for images posted on this article unless otherwise displayed/stated. All rights go to respective owners as mentioned. If you do not wish for your image(s) to appear here do drop us an e-mail and it will be removed promptly. If you do wish to use any of our original published information, you are welcome to contact us!
