Is Pet Insurance Necessary For Your Furry Kids?


One of the pet care industries with the fastest global growth is India. Even if the number of pets is increasing dramatically, the financial planning for their medical costs is still not popular.

After pet food and veterinary care, more and more general insurance providers are now venturing into the pet insurance market. The insurance policies aim to cover a variety of hazards that pet owners may encounter, including accidents involving illness, surgery, and even theft of their furry children.

How does it function?

By covering the cost of medical care, a pet insurance policy or a dog insurance policy promises to provide for your pet’s general 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 high medical costs for their pets and ensures that they receive the finest care possible. These packages 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 conduct.

What is included?

Your pets are covered by pet insurance coverage for all medical costs, operations, and serious illnesses. In addition to facilitating OPD (Outpatient Department) coverage, it also provides coverage for your pet’s demise from an illness or accident. Third-party liability insurance is another crucial protection that these products contain. *

You are covered by third-party liability insurance when your pet bites someone or damages their vehicle or property.

The policy also covers the cost of replacing your dog or cat if it is stolen or lost. These costs cover the price of making police complaints, giving out incentives, etc.

The price of pet insurance

Your choice of insurer, and your pet’s age, size, and breed all affect how much pet insurance is going to cost you. In addition, the cost of your policy also depends on the health of your pet and the amount of insurance you choose. It also depends on the kind of protection you want for your beloved pet. Pets can be protected against the dangers of poisoning and breeding by paying an additional premium. *

Limitations and exclusions

  • Before the coverage begins, insurers often have a waiting period of 15 to 30 days. The pet’s average age range is between eight weeks and eight years.
  • All insurance companies also charge a co-pay or deductible.
  • Additionally, pre-existing conditions and particular infections like distemper and rabies, which tragically cause a pet to pass away, are not covered by insurance.


Similar to regular health insurance, the insurance for pets in India aims to pay for your pet’s veterinary bills in the event of mishaps or medical problems. It costs money to raise and take care of a pet. There are many costs to be incurred for things like food, clothing, accessories, grooming products, vaccinations, and prescriptions, to name a few. In addition, veterinarian expenses are on the rise. Hence, pet insurance is an absolute necessity.

* Standard T&C Apply

** Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.

# Visit the official website of IRDAI for further details.

## 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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