Top Pet Insurance Companies in India – Types, Eligibility, Inclusions & Exclusions in Pet Insurance

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5 min read

Updated on Nov 14, 2022

Visual Stories by PayBima

The love for a pet takes you to a different world. Having a pet is no less than having your own baby. From dawn to dusk, you will be on your toes while taking care of your pet. From taking care of their food to helping them socialize with their kind, they are completely dependent on you. The sad part comes when they fall sick. Well, we all fall sick and so do our pets. When they are not well, it is our responsibility to take them to the best veterinary doctor in town and help them get well. And good pet treatment is expensive thus buying pet insurance is smart. Let us discuss pet health insurance in India and how it can protect our fur babies in a better way.

What is a Pet Insurance?

Pet insurance is a type of insurance that is meant for several animals to safeguard their well-being and health by covering their treatment cost.

It is almost like buying a health insurance policy for ourselves. Buying pet insurance for dogs can provide financial support to us if our dog needs some kind of medical treatment.

These days having a pet means you need to save at least around INR 50,000 annually. From their vaccination to tick treatments, and even their grooming, costs a lot. And in case your pet needs some kind of medical treatment or surgery, the cost will go even higher. The vet fees are no less too. When you have a pet health insurance policy, you can afford the best available medical treatment and even legal support, if need be.

Why You Should Buy a Pet Insurance Policy in India?

Over the years, the concept of pet insurance in India has been accepted widely. Here are the reasons why you should also consider buying one such policy.

Top Advantages of Buying a Pet Insurance in India for Your Dog or Cat

  • Affordable Medical Expenses: You have to invest a small premium amount to get your pet covered under various types of benefits which include accidents, medical care, and even overseas protection.
  • Best Medical Care for Pets: Once you have a pet insurance policy, you can afford to get the best medical treatment.
  • Safeguard from Accidents: While we take utmost care of our fur babies, they might come across accidents that need expensive medical care. In one such situation, you will not have to burn a hole in your pocket as a pet insurance policy can cover the expenses.

Other Benefits of a Pet Insurance Policy in India

You will even get exclusive benefits such as coverage on the theft of your pet or third-party damages. However, the benefits may vary from one insurance company to the other.

Types of Pet Insurance Available in India

Insurance companies in India have been offering insurance for cattle and livestock for a long time. Private sector insurance companies offer protection against the death of pets. They also provide coverage such as third-party liabilities, worldwide transit, loss or theft of pets, entry fees for dog shows, and many more. Here are some of the types of pet insurance that you can find in India.

Dog Insurance

While there are approximately 29 million pets across India, dogs are the most common pet type. This is what makes dog insurance in India one of the most sought-after ones.  So, if you have a fur baby, and you want to protect its life in every way possible, you should invest in a dog insurance policy at the earliest.

Cat Insurance

After the dogs, the most common type of pet in India is cats. This is why insurance companies also offer pet insurance for cats. Once you have a cat insurance policy, you can get the best possible medical treatment for your feline without worrying about your finances. You get peace of mind for the well-being of your cat at the price of a small premium.

Eligibility Criteria for buying Pet Insurance Policy in India

Pet insurance can be bought for pets that fall in the age range of 2 months to 10 years. For dogs, pet insurance can be purchased for canines that come under exotic, cross-bred, or indigenous breeds. Pet parents need to know the fact that the premium for pet insurance depends on the age, breed, and size of the dogs.

What is Included in Pet Insurance? – Things Covered Under Pet Insurance

The benefits, as well as the premiums that are included in the pet insurance, vary from one insurance company to the other. Here are the coverages included under a pet insurance policy.

  • OPD cover
  • Surgery expenses cover
  • Lost or stolen dogs
  • Hospitalization cover
  • Death due to disease or accident.

What is Not Included in Pet Insurance? – Things Not Covered Under Pet Insurance 

In some cases, the insurance companies may not provide coverage for the following medical expenses:

  • Surgeries that are not necessary because of an accident or any disease
  • Grooming Surgeries
  • Curing any kind of deformity
  • Cosmetic surgeries that are not related to injuries, etc.

Also Read: 7 Things To Know While Buying Pet Insurance

Top 3 Pet Insurance Companies in India 2022

Here are some of the pet insurance companies in India from where you can buy your pet insurance.

1. The New India Assurance Company Limited

You can buy pet insurance if your pet is between 8 weeks and 8 years.

Key benefits:

  • It provides coverage for death due to disease or accident
  • Lost or stolen dogs
  • Liability for personal injuries

2. Oriental Insurance Company Limited

The insurance policy will let you buy the policy if your pet falls under the age group of 8 weeks and 8 years.

Key benefits:

  • Death by accident during transit
  • Lost or stolen dogs
  • Loss of value because of an accident

3. Bajaj Allianz General Insurance Company Limited

The entry age of the pet has to be between 3 months and 7 years. The exit age has to be between 6 years and 10 years.

Key benefits:

  • Expenses incurred in surgery
  • Death benefit
  • Lost or stolen
  • Third-party liability cover.

You can compare pet insurance online by visiting websites that not only offer pet insurance policies but also impart information about those policies.

Jun 30, 2022
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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