Love letter to Pet Lovers
During Covid period, pets gradually entered our lives and formed a part of us. We enjoyed the cuddle of the pet which bond us much closer together, however owning a pet in Singapore was so costly.
From the adoption price depending on the breeds, vaccinations, health check, grooming, toys to food, all these would cost you quite a fair bit annually. Not forgetting your treats to your pets birthday cake party and their paw pals.
One section that we often overlooked will be insurance. You then will start to ask, do I need to buy pet insurance? What is the coverage and is it really worth it?
I would then asked, would you rather spend hundreds to save thousands or spend none but pay thousands.
In Singapore, even though pets have been living with us for a long period of time but this is still a niche market for insurance providers.
The plans offers by various providers provides adequate coverage with co-insurance and deductibles to be paid by owner.
These coverage generally includes accidental, illness, surgical and third party liabilities locally. However, there are certain eligibility criteria for purchases and not all breeds will be accepted.
There are No Claim Discount to enjoy saving up to 15% on annual premium. The entry age can be as early as 8 weeks old and may be renew on yearly term beyond 13 years old.
While the clinical and medical fees are beyond our control, we certain can minimize our out-of-pocket expenses and our policy premium.
In summary, the pets insurance are slightly similar to our integrated shield plan with limited benefit.
This post is for sharing purposes and do not constitute to product recommendation. Whether if it is worth for purchase, please seek advice to your trusted advisor or service provider.
Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek independent financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.
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By submitting this form, I confirm that
提交此表格,即表示
In compliance with the Personal Data Protection Act, Financial Alliance Pte Ltd (“FAPL”) seek your consent to collect and use your personal data (e.g. name, NRIC, contact numbers, mailing addresses, email addresses and photograph) for the purposes of and in accordance with FAPL’s Data Protection Policy, which can be found on FAPL’s website at https://fa.com.sg/data-protection-policy/.
根据《个人数据保护法》,鑫盟理财私人有限公司征求您的同意向您收集并使用您的个人信息。鑫盟理财将根据公司的个人数据保护政策所阐述的用途使用您的个人资料(例如姓名,证件号码,联系电话,邮寄地址,电邮地址和照片)。 该政策可在本公司网站上查寻,网址为 https://fa.com.sg/data-protection-policy/.
By submitting this form, you are deemed to have read and understood FAPL’s Personal Data Policy.
提交此表格,即表示您已阅读并理解鑫盟理财私人有限公司的个人数据政策