Health insurance for your pets starts from Rs 324 per year; Check benefits, details

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Gurgaon-based insurance company, InsuranceDekho, has recently launched pet insurance in its product portfolio through which pet owners will enjoy comprehensive coverage for a multitude of dog breeds. InsuranceDekho has partnered with Future Generali India Insurance Company to offer unique canine health cover and is also in the process of partnering with other insurers, the company said in a statement Monday, August 1.

InsuranceDekho, as part of its dog health insurance plans, provides comprehensive coverage for over 25 dog breeds, ranging in age from six months to 10 years old. With this pet insurance plan, financial assistance is offered for expenses incurred by pet parents for hospitalization (including pre and post hospitalization), treatment of terminal illness and surgery, subject to certain terms and conditions that may vary from insurer to insurer, the company said.

The pet insurance policy now has a starting premium of around Rs 324 a year, he added. The pet insurance plan was launched based on the increase of pet owners in India. “After covid there was a surge of pet parents with 31% of millennials, 29% of baby boomers, 26% of gen X and 26% of Genz and Builder generations making up the rest of the pet owner market in India,” InsuranceDekho said in a press release.

It is estimated that pet (including livestock) insurance in India will see an increase of at least 14% to $490 million by the end of 2022, the company said. Globally, the pet insurance market is expected to reach US$32.7 billion by 2030.

Commenting on the launch, Ankit Agrawal, co-founder and CEO of InsuranceDekho, said, “We realize that companion animals and their human relatives share a close bond, and even dogs sometimes find themselves in unexpected difficult situations. . We started Pet Insurance to help pet owners protect their fur babies during these tough times.

“India has an estimated pet population of 32 million animals, which is growing at 12% per year, with dogs making up almost 85% of the total population. We can infer that the number of insured dogs in India is also on the rise, which gives us a huge opportunity to grow in the category of dog health insurance,” said Agrawal.

InsuranceDekho hosted a pet event on launch day, the company said. “On launch day, the company hosted a special launch event attended by four-legged friends from various daycares and animal shelters. During the event, dogs and special guests of the day participated in fun events with company employees and beautifully illustrated the meaning of “coexistence” of different beings in the world, “he said. -he declares.

InsuranceDekho, incorporated in 2016, recorded business of over Rs 1000 crore in premium in FY22. It allows its consumers to compare different insurance policies according to their needs and helps them to purchase the plan most suited to their needs.

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