Your Guide to Pet Insurance in Singapore

Did you know that insurance isn’t just a human thing? Come to think of it, if we’re so willing to buy health insurance for ourselves and our loved ones, surely our pets deserve the same treatment — we don’t call them “Man’s Best Friend” for nothing!

Unfortunately in Singapore, there aren’t many pet insurance plans out there. Moreover, these insurers only cover dogs or cats and come with a few limitations as well.

Nevertheless, it’s better than having no protection at all. In Singapore, there are only 4 insurers that provide pet insurance:

  • AON (underwritten by MSIG Singapore)
  • Liberty
  • AIA
  • CIMB (underwritten by Sompo Insurance Singapore)

What’s so important about pet insurance?

With vet fees becoming increasingly expensive, getting insurance is essentially protection for your four-legged friend as well as your bank account. The last thing you’d want is the financial shock during a pet emergency.

Insurance Terms You Should Know 

Co-insurance: The portion of the total claim that you would have to pay on your own.

For example, if the co-insurance is 30% and your total bill is $10,000, you would need to pay $3,000 of that bill on your own.

Deductibles: A fixed share of the insurance claim that you pay before your insurance plan starts to pay you.

For example, if you have a $1,000 deductible and a $4,000 claim, you will pay for the first $1,000 and the insurance will pay you the remaining $3,000.

No Claim Discount (NCD): The amount of rebate you get if no claim was made on your existing insurance policy. NCDs help in reducing how much premium you pay for the following year.

Third Party Liability: A section of the insurance policy protecting you from costs coming from accidental injury or damage caused by your pet.

What does pet insurance usually cover?

  • Non-surgical treatment
  • Surgical treatments
  • Chemotherapy
  • Accidental death
  • Accidental Injury
  • Loss of pet due to theft
  • Third- party liability (i.e. your pets destroys someone’s property, attacks other pets)

Factors that affect what type of insurance you should get

Age: Older dogs are generally harder to insure, so it’s better to get your pet insured while they’re younger. Most of the insurers would only ensure a pet up till the age of 7-9 years old!

Pet Breed: It’s important to take note that certain breeds aren’t covered by insurance, such as AIA Paw Safe and CIMB My Paw Pal.

Medical History: Pets who are more prone to medical illness and health issues are recommended to go for a more premium plan.

Aggressiveness: Certain breeds tend to be more aggressive in nature, which could result in another person or animal being harmed. If your pet falls under this category, it’d be good to ensure that you pick an insurance plan that allows for maximum pay out of Third Party Liabilities.

Price: Price is a big factor when it comes to choosing insurance. However, despite fewer pet insurers in Singapore, you can still find more affordable options such as AIA Paw Safe or CIMB My Paw Pal. On the flipside, some annual premiums can go as high as $750 depending on your insurance plan.

Dog Insurance Plans in Singapore

AON Happy Tails (underwritten by MSIG)Liberty Pet CareAIA Paw SafeCIMB My Paw Pal (underwritten by Sompo)
Annual Premium (incl GST)From $200+
(depending on your pet)
$350 – $750$79.49 – $84.58From $74.90
Plans AvailableFur
Furry
Furball
Standard
Enhanced
Superior
Basic
Additional Rider
EligibilityAged 4 months to 9 years old
Microchipped
Fully vaccinated
Must not be a working pet or used for breeding
Aged 2 months to 9 years old
Microchipped
Resides with you
Must not be a working pet or used for breeding
Aged 3 months to 7 years old
Dog must be licensed
Must not be mastiff, bull terrier, Staffordshire bull terrier, pit bull terrier, American pit bull terrier, Argentina dog, Canary dog, American bulldog or dogs crossed with any of these breeds and/or wolves
Aged 3 months to 7 years old
Licensed with AVS and microchipped
Fully vaccinated and neutered
Must not be a working dog
Must Bull Terrier
Doberman Pinscher, Rottweiler,
German Shepherd Dog including the Belgian Shepherd Dog and the East European Shepherd Dog, Mastiffs including the Bull Mastiff, Cane Corso and Dogue De Bordeaux, or
Crosses of 1 to 5 and/or wolves
Coverage Period (pet age)LifetimeUp to 13 years oldUp to 8 years oldUp to 13 years old
Non-surgical Treatment Expenses$500 – $3,000
Surgical Treatment Expenses$2,500 – $3,800$1,500 – $10,000
Accidental Death$1,000 – $3,000$1,000 or purchase price (whichever is lower)1500
Accidental Injury$500 – $3,000
($50 deductible)
$1,000 ($150 deductible per claim)Up to $3,000 per year
Theft$300 – $1,250$1,000 or purchase price (whichever is lower)1500
Chemotherapy Benefit$1,000 – $1,200350
Cremation or Burial$250 (due to accidental death)$300 (due to accident)
$3,000 per year (due to illness)
Third Party Liability100000$100,000 – $500,000
($500 deductible)
$1,000,000 ($1,000 deductible per claim)Up to $250,000
No Claim Discount1st Renewal: 5%2nd Renewal: 10%
3rd Renewal Onwards: 15%
1st Renewal: 5%2nd Renewal: 10%
3rd Renewal Onwards: 15%
Policy WordingsAON Happy TailsLiberty Pet CareAIA Paw SafeCIMB My Paw Pal
Additional NotesExcludes $250 deductible & 20% – 40%
co-insurance (depending on your pet’s age)
Covers only up to 70% of medical expenses claimed

Cat Insurance Plans in Singapore

AON Happy Tails (underwritten by MSIG)Liberty Pet CareCIMB My Paw Pal (underwritten by Sompo)
Annual Premium 

(incl GST)

From $200$350 – $750$74.90
Plans AvailablePurrfectStandard

Enhanced

Superior

Basic

Additional Riders

EligibilityAged 4 months to 9 years old

Microchipped

Fully vaccinated

Must not be a working pet or used for breeding

Aged 2 months to 9 years old

Microchipped

Resides with you

Must not be a working pet or used for breeding

Aged 3 months to 7 years old

Licensed with AVS and microchipped

Fully vaccinated and neutered

Coverage Period (pet age)LifetimeUntil 13 years oldUntil 13 years old
Non-surgical Treatment Expenses$500 – $3,000
Surgical Treatment Expenses$3,800$1,500 – $10,000
Accidental Death$1,000 – $3,000$1,500
Accidental Injury$500 – $3,000

($50 deductible)

$3,000 per year (due to accidental death)
Theft$300 – $1,250
Chemotherapy Benefit$1,200
Cremation or Burial$250$300 (due to accidental death)
Third Party Liability*$250,000$100,000 – $500,000

($500 deductible)

$250,000
No Claim Discount1st Renewal: 5%2nd Renewal: 10%

3rd Renewal Onwards: 15%

1st Renewal: 5%2nd Renewal: 10%

3rd Renewal Onwards: 15%

Policy WordingsAON Happy TailsLiberty Pet CareCIMB My Paw Pal
Additional NotesExcludes $250 deductible & 20% – 40% co-insurance (depending on your pet’s age)Covers only up to 70% of medical expenses claimed

Your pets are your family

With more Singaporeans choosing to become pet parents, it’s a bummer that there aren’t many options available for our furry companion.  With that being said, it’s  beneficial to read up on the policies of each insurer listed in the article in order to get a greater understanding of what each of them have to offer.

As every pet owner knows, taking care of a pet is no easy feat. Still, they’re a part of the family, and at the end of the day, we always want what’s best for them.

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