Dog Insurance: The number of lovers of expensive pet dogs in India is increasing day by day and along with it the cost of their health and care is also increasing. Earlier people used to keep dogs of breeds like German Shepard or Labrador, but now people like Cocker Spaniel, Siberian husky, Tibetan Mastiff have started to buy masculine and big stature breeds. Dogs of such breed are available for Rs.40,000 to Rs.5 lakh and it may cost Rs.5,000 to Rs.10,000 per month to maintain them. If pet dogs have any disease or have to undergo surgery, then the medical bill reaches in lakhs, in such a situation, dog insurance can give you relief.
What is Pet Insurance
As has always been insurance for cattle and dairy animals, pet insurance is a type of insurance policy specifically designed to cover veterinary expenses for a cat, dog or any other pet . Pet insurance is a booming industry abroad. Considering the rising cost of pet purchase, grooming and medical care, insurance companies in India are also offering a variety of plans. People spend 70,000 to 80,000 rupees annually on dogs, so now those taking insurance for them are also increasing.
Which companies offer dog insurance
Government insurance companies (New India Assurance, United India Insurance and Oriental Insurance) have been selling cattle insurance for years. These companies mostly provide death benefit cover, while private companies (Bajaj Allianz General Insurance, Digit Insurance, Vetina Pawtect etc.) cover both death and illness.
what is covered
There is a third party liability cover like dog surgery expenses, hospitalization cover, mortality benefit cover, terminal disease cover, long term care cover, body cover, theft or disappearance of dogs.
Bajaj Allianz offers two primary covers for surgery and hospitalization, while with other riders you can cover OPD, incurable disease care, lost or stolen dog and third-party liability. The stolen or lost dogs are not covered by Vetina Pawtect’s plan and there is no OPD cover available. Like New India Assurance, Oriental Insurance also covers entry fees for show dogs and worldwide transit, apart from death due to accident or illness.
how much is the premium
The basic cover of a dog from 8 weeks to 2 years is available for Rs 1,500 to 3,500 annually. The premium of the insurance policy is decided based on the breed and age of the dogs. Apart from these, size and gender (higher for women) also affect the premium. The premium limit in New India Assurance is 5% of Sum Insured and 6% in Oriental Insurance.
If you have a Labrador breed dog of age 2-4 years, then Vetina Pawtect will get a cover of Rs.60,000 to Rs.1.5 lakh at a premium of Rs.6,500 to Rs.13,500 per annum. If the age of the dog of the same breed is 6-8 years, then the annual premium of 3 different plans of the company ranges from Rs 16,200 to Rs 22,500.