![[updated] 270324 - Affordable Pets Insurance in Singapore For Your Best Friend](/_next/image/?url=https%3A%2F%2Fcdn-blog.seedly.sg%2Fwp-content%2Fuploads%2F2024%2F03%2F01153500%2Fupdated-270324-Affordable-Pets-Insurance-in-Singapore-For-Your-Best-Friend.png&w=3840&q=75)
If you’ve read our article on the cost of pet ownership in Singapore, you would realise that keeping a dog in Singapore is costly.
Existing owners have to contend with the rising cost of healthcare, and many look to pet insurance to help offset the healthcare cost of owning a pet!
Yup, insurance.
Looking for pet insurance is complex, and comparing different policies can be quite a hassle.
So here’s a guide and a comparison on choosing the right pet insurance.
Do note that insurers only cover dogs or cats!
TL;DR: Pet Insurance for Dogs & Cats in Singapore
Pet Insurance for Dogs in Singapore
| Insurance Plans for Dogs | Tiq by Etiqa Pet Insurance | CIMB My Paw Pal | AON Happy Tails | Liberty PetCare |
|---|---|---|---|---|
| Annual Premium | Pawsome: $311.05 Pawmazing: $447.90 Pawtastic: $526.78 Pawfect: $616.33 | $89.38 | Fur: $385.95 Furry: $468.65 Furball: $551.35 | Standard: $356.54 Enhanced: $458.41 Superior: $764.01 |
| Age Eligibility | 8 weeks - 9 years old May offer renewal when beyond 9 years old | 12 weeks - 7 years | 16 weeks - 9 years | 8 weeks - 9 years |
| Coverage | - Lifetime Limit - Surgical illness - Non-surgical illness - Accidental injury - Funeral expenses - Third party liability | - Accidental death - Medical expenses due to accident - Cremation and/or burial fees due to an accident - Third party liability | - Clinical and surgery benefits - Chemotherapy benefit - Euthanasia, cremation, and funeral benefits - Third-party liability | - Accidental death - Vet cost for accidental injury and/or illnesses - Loss of dog due to theft - Vet expenses for non-surgical treatment - Vet expenses for surgical treatment - Third-party liability |
| Riders | - | Option A: $32.70/year Loss of dog due to theft (not available for cats) Option B: $327/year - Medical expenses due to illness - Cremation and/or burial fees due to illness | - | - |
| Co-insurance / Deductible | 20% - Pets enrolled before age 4 30% - Pets enrolled before age 9 *Deductible of $200 | 30% per claim *Deductible shall apply depending on situation | 20% - Dogs / cats enrolled before age 4 30% - Dogs / cats enrolled before age 7 40% - Dogs /cats enrolled before age 9 | 50% - vet expenses for non-surgical treatment 30% - vet expenses for surgical treatment Deductible of $500 for third-party liability; $50 for vet expenses due to accidental injury |
| Remarks | Exclude Working or breeding dogs, Pre-existing conditions, Spay/neuter Lifetime Limits for Medical and Accident claims: $10,000, $20,000, $30,000, and $45,000 | Dogs need to be licensed with AVS, Microchipped, Fully vaccinated, Neutered/spayed Annual limits for Medical and Accident claims: $1,500 | Annual limits of $3,500, $7,500, and $12,500 depending on your plan | Exclude Working or breeding dogs, Pre-existing, Hereditary, Congenital and Skin Conditions Needs to be microchipped |
Pet Insurance for Cats in Singapore
| Insurance Plans for Cats | Tiq by Etiqa Pet Insurance | CIMB My Paw Pal | AON Happy Tails | Liberty PetCare |
|---|---|---|---|---|
| Annual Premium | Pawsome: $211.31 Pawmazing: $338.09 Pawtastic: $397.63 Pawfect: $465.23 | $89.38 | $266.76 | Standard: $356.54 Enhanced: $458.41 Superior: $764.01 |
| Age Eligibility | 8 weeks - 9 years old May offer renewal when beyond 9 years old | 12 weeks - 7 years | 16 weeks - 9 years | 8 weeks - 9 years |
| Riders | - | $327/year - Medical expenses due to illness - Cremation and/or burial fees due to illness | - | - |
| Coverage | - Lifetime Limit - Surgical illness - Non-surgical illness - Accidental injury - Funeral expenses - Third party liability | - Accidental death - Medical expenses due to accident - Cremation and/or burial fees due to an accident - Third party liability | - Clinical and surgery benefits - Chemotherapy benefit - Euthanasia, cremation, and funeral benefits - Third-party liability | - Accidental death - Medical expenses for accidental injury and/or illnesses - Medical expenses for non-surgical treatment - Medical expenses for surgical treatment - Third-party liability |
| Co-insurance / Deductible | 20% - Pets enrolled before age 4 30% - Pets enrolled before age 9 *Deductible of $200 | 30% per claim *Deductible shall apply depending on situation | 20% - Cats enrolled before age 4 30% - Cats enrolled before age 7 40% - Cats enrolled before age 9 | 50% - vet expenses for non-surgical treatment 30% - vet expenses for surgical treatment Deductible of $500 for third-party liability; $50 for vet expenses due to accidental injury |
| Remarks | Lifetime Limits for Medical and Accident claims: $10,000, $20,000, $30,000, and $45,000 | Annual limits for Medical and Accident claims: $1,500 | Annual limits: $5,000 | Exclude breeding cats, Pre-existing, Hereditary, Congenital and Skin Conditions Needs to be microchipped |
Click here to jump:
- What’s covered under pet insurance?
- What are co-insurance and deductibles?
- Tiq by Etiqa pet insurance
- CIMB Paw Pal pet insurance
- AON Happy Tail pet insurance
- Liberty PetCare pet insurance
Disclaimer: The Information provided by Seedly does not constitute an offer or solicitation to buy or sell any insurance product(s). It does not take into account the specific objectives or particular needs of any person. We strongly advise you to seek advice from a licensed insurance professional before purchasing any insurance products and/or services.
What Does Pet Insurance Cover?
Pet insurance in Singapore is currently only available for dogs and cats.
In most cases, your pet has to be older than 8 weeks and younger than 9 years old when you kickstart the cover.
Also, pets with pre-existing medical conditions, these medical conditions will generally not be covered.
For the uninitiated, some common pet sicknesses include:
- Foreign body obstruction
- Urinary tract infection
- Patella Luxation
- Elbow Dysplasia
- Cherry Eye/Entropion
- Intervertebral disc disease
- Cancer
Pet Insurance Medical Treatment Coverage
Pet insurance offers a wide range of coverage, depending on the policies. Most would usually cover:
- Dental treatment due to accident or illness
- Non-surgical treatment
- Surgical treatment
- Post-surgery treatment
- Cancer treatment
- Chemotherapy
- Accidental death
- Final expenses include expenses for euthanasia, funeral service, etc.
- Third-party liability: If your pet destroys someone’s property or attacks other pets
- Theft: For the loss of your dog/cat due to theft
Pet Insurance Terms in Singapore
Familiarising yourself with the insurance terms will significantly benefit your reading of any insurance policies in the market.
Here’s a summary of the important ones:
- Co-insurance: The percentage of costs of covered healthcare service you pay after you’ve paid your deductible
- Deductible: The amount you pay for covered healthcare services before your insurance plan starts to pay
Co-insurance and deductibles help insurers lower premiums by ensuring that only policyholders who need to make a claim pay their share.
The portion you must pay when filing a claim is co-insurance, while deductible (sometimes called Excess) is the amount you pay before your insurance pays.
Co-insurance And Deductible
To put things into perspective, imagine this.
You have a pet insurance policy with a deductible of $100 and a co-insurance of 20%.
Deductible: If your pet requires medical treatment that costs $500, you would be responsible for paying the first $100 (deductible) out of pocket before the insurance coverage kicks in.
Co-insurance: After the deductible is met, the insurance will cover 80% of the remaining costs, and you will be responsible for the remaining 20%. So, for the remaining $400 of the medical treatment cost, your insurance would cover $320 (80%), and you would pay $80 (20%) out of pocket.
It is important to note deductibles and co-insurance, as they affect the out-of-pocket costs you have to bear.
This, in turn, impacts the value you receive from your pet insurance policy.
Which Insurance Should You Get for Your Pet?
Getting the type of pet insurance is greatly dependent on your pet.
Some factors you can think about include the following:
- Age: Ensure your pet is within the eligible age range to get an insurance policy. If your pet is getting older, it is essential to get it insured sooner rather than later
- Pet Breed: Certain breeds are more susceptible to illnesses. For example, golden retrievers are more susceptible to cancer. Knowing the illnesses associated with your pet’s breed will be useful when buying insurance.
- Aggression: If your dog/cat is aggressive, you can factor that into consideration as well so that you can be covered for
- Medical History: Is your pet prone to medical illnesses? If yes, get one that has higher medical coverage
- Accidents: Is your pet accident-prone? If so, make sure you are covered for and have substantial payouts for accidental injuries
- Cost: Evaluate if the cost of the annual premium for pet insurance is something you can comfortably afford
- Lifetime coverage: Ideally, a policy that provides lifetime coverage will be best, as your pets are susceptible to more illnesses as they age.
Tiq by Etiqa Pet Insurance
Tiq by Etiqa Pet Insurance offers a total of four insurance plans for your pets.
Starting from $211.31, your pets will be covered for surgical and non-surgical illnesses, accidental injury, funeral expenses, and third-party liability.
Here’s a detailed breakdown of the coverage and limits:
| Benefits | Pawsome | Pawmazing | Pawtastic | Pawfect |
| Lifetime Limits (for Medical and Accident claims) | Up to $10,000 | Up to $20,000 | Up to $30,000 | Up to $45,000 |
| Surgical Illness Cover | Up to $2,000 | Up to $5,000 | Up to $10,000 | Up to $15,000 |
| Co-insurance | 20% – Pets enrolled before age 4
30% – Pets enrolled before age 9 |
|||
| Deductible | $200 | |||
| Non-surgical Illness Cover
E.g. diagnostic tests, veterinarian’s fees, miscellaneous expenses including prescribed drugs, injections, dressings and other medical services or supplies related to providing medical treatment to your pet. |
Up to $500 | Up to $1,000 | Up to $2,500 | Up to $3,500 |
| Co-insurance | 20% – Pets enrolled before age 4
30% – Pets enrolled before age 9 |
|||
| Deductible | $200 | |||
| Accidental Injury | Up to $500 | Up to $1,000 | Up to $2,500 | Up to $3,500 |
| Co-insurance | 20% – Pets enrolled before age 4
30% – Pets enrolled before age 9 |
|||
| Deductible | $50 | |||
| Funeral Expenses | N.A | Up to $250 | Up to $350 | Up to $500 |
| Third-Party Liability | N.A | Up to $100,000 | Up to $250,000 | Up to $500,000 |
| No Claim Discount (1 Year) | 5% | |||
| No Claim Discount (2 Years) | 10% | |||
| No Claim Discount (3 – 4 Years) | 15% | |||
| No Claim Discount (5 Years onwards) | 20% | |||
| Promotion | 10% off from 11-15 April with promo code: PET10 | |||
CIMB My Paw Pal
CIMB My Paw Pal is, hands down, the most affordable insurance on this list.
For just $89.38/year, it covers expenses resulting from accidents such as accidental death, medical expenses, cremation and/or burial fees, and third-party liability.
However, the catch is that it doesn’t cover expenses deriving from illnesses. Ironically, these expenses typically constitute the bulk of the costs of treating your pet.
| Benefits | Sum Insured |
| Accident death | Up to $1,500 |
| Medical expenses due to accident | Up to $1,500/year |
| Cremation or burial expenses due to accident | Up to $300 |
| Third-Party Liability | Up to $250,000 |
| Riders available | |
| Loss of Dog due to Theft (only for dogs) | + $32.70 |
| Medical Expenses due to Illness + Cremation or Burial Expenses due to Illness | + $327 |
AON Happy Tails
AON Happy Tails pet insurance is underwritten by Income.
The AON Happy Tail insurance coverage is comparable to Tiq pet insurance.
Still, it lacks coverage of non-surgical expenses, which typically may be used for procedures such as diagnostic tests, veterinarian’s fees, and miscellaneous expenses, including prescribed drugs, injections, dressings and other medical services or supplies related to treating your pet.
That said, if you have a healthy pet, this is probably something you can consider as the chances of you forking out for non-surgical is low.
| Fur | Furry | Furball | |
| Maximum Annual Coverage | Up to $3,500 | Up to $7,500 | Up to $12,500 |
| Clinic & Surgical expenses | Up to $2,500
|
Up to $6,000
|
Up to $10,000
|
| Chemotherapy benefit | Up to $1,000 | Up to $1,500 | Up to $2,500 |
| Final expenses (Euthanasia, cremation, and funeral benefits) | N.A | Up to $250 | Up to $250 |
| Third-Party Liability | Up to $100,000 | Up to $250,000 | Up to $500,000 |
Liberty PetCare
Liberty PetCare is the priciest on this list — starting from $356.54 per year.
However, it does cover quite comprehensively, similar to the Tiq pet insurance and the AON Happy Tail pet insurance.
| Standard | Enhanced | Superior | ||
| Accidental Death | Up to $1,000 | Up to $2,000 | Up to $3,000 | |
| Accidental Injury | Up to $500 | Up to $750 | Up to $3,000 | |
| Theft | Up to $300 | Up to $500 | Up to $1,250 | |
| Vet expenses for non-surgical treatment | Up to $500 | Up to $750 | Up to $3,000 | |
| Vet expenses for surgical treatment | Up to $1,500 | Up to $2,000 | Up to $10,000 | |
| Third-Party Liability | Up to $100,000 | Up to $250,000 | Up to $500,000 | |
| No Claim Discount (1 Year) | 5% | |||
| No Claim Discount (2 Years) | 10% | |||
| No Claim Discount (3 Years) | 15% | |||
Pawrents, What Are Your Thoughts About Pet Insurance in Singapore?
Jump on over to our SeedlyCommunity to share your thoughts and ask questions!
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