How are we making up for it?



Own a pet?

OK. A cat? Dog? Horse?

Chick? (Duck?)

Come on, we’re from the FRIENDS generation, so you better let this one go!

Do you have insurance for your bud?

Well, that’s one thing now.

Was a popular in the West at least.

But now pick up in India too.

The latest to jump on the bandwagon is Bajaj Allianz General Insurance when yesterday, on International Dog Day, the Indian non-life insurer launched a policy specifically to cover your companion dog.

Pet Insurance Plans in India

Owning and caring for a pet can be expensive. Even routine health care costs such as vaccination, deworming, tick treatment can run between 5,000 ($ 67) and 10,000 ($ 134) per year. Treating serious illnesses like cancer or heart disease can cost thousands of dollars.

Having recognized these needs and given that many pet owners now prefer rare exotic breeds that require specialist care, several insurance companies in India are now offering pet insurance.

Discover New India, United India, Oriental Insurance, Bajaj Allianz, Vetina’s Pawtect (aww).

How it works?

Just like any other insurance plan, pet insurance is a risk mitigation product that covers unforeseen expenses related to pets – ranging from vet bills, loss / theft of pet company, accidental poisoning, permanent disability, civil liability, accident during rail / road / air etc.

What animals are covered by pet insurance in India?

Depending on a particular company’s offer, pet insurance covers dogs, cats, birds, horses, rabbits, elephants, etc. Some of these also include livestock.

Conditions of pet insurance plans

As with any other insurance policy, there is an applicable age limit when applying for pet insurance.

In the case of cats and dogs, the limit is between eight weeks and eight years. For cows, it is between two and ten years, for goats / sheep, between one and seven years.

A veterinary certificate for the identification of a pet must be provided upon request.

Insurance companies generally pay 80% of the sum insured (market value certified by a veterinarian) and 20% is borne by the owner or parent of the animal.

Pet insurance premium size

As a general rule, the amount of the insurance premium varies between 3% and 5% of the sum insured, but it can vary depending on factors such as the age of the animal, the size of the sum insured, the race, liability coverage, accidental rider, rider death, accidental death rider, disabled rider, etc.

The sum insured for pet insurance products like dog insurance ranges from 15,000 ($ 202) to 30,000 ($ 404), depending on breed and other related factors.

Again, as with most other insurance policies best animal insurance, the key would be to start early … when pre-existing conditions are low.

Things to keep in mind before applying for pet insurance in India

Here are a few things to keep in mind when applying for pet insurance:

  1. Whether the plan is approved by IRDA or not
  2. The sum insured and the cap on specific risks
  3. Whether the risk of civil liability is covered or not
  4. Check the list of covered conditions – inclusions and exclusions. Some insurance companies may not include injuries / illnesses due to handling / improper care of pets or pre-existing illnesses. Deaths from rabies, hepatitis, enteritis, leptospirosis are often overlooked

According to this report, the Indian pet market is estimated at over $ 800 million and is expected to experience strong double-digit retail value growth in the coming years. On average, six lakh pets are adopted each year.

With the increase in the number of pet owners and increased awareness of the health of pets, more and more people are prompted to opt for pet insurance coverage. Needless to say, the opportunities for growth and diversification are plentiful.


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