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.
I am Elvin Huang, a highly experienced professional in the insurance industry with over ten years of expertise. Currently, I proudly serve as the Financial Advisory Manager at Financial Alliance, a distinguished and reputable independent financial planning company based in Singapore.
Throughout my extensive tenure, I have witnessed numerous instances where families and businesses faced dire consequences due to their failure to plan for unforeseen circumstances. This realization has ignited a personal mission within me to improve the lives of individuals I encounter, in any way possible.
In my role as an Independent Financial Advisory Manager, I possess a competitive advantage by comprehensively understanding the array of solutions offered by various insurers in Singapore. This allows me to meticulously assess and recommend the optimal solution that best suits the needs of my valued clients. I address critical concerns such as safeguarding hard-earned savings, hedging against inflation, achieving higher returns on investments through capital guarantee solutions, and identifying opportunities for superior ROI in the market.
To embark on this journey towards securing your financial well-being, it is essential to reflect upon a few pivotal questions. Where do you currently stand? What are your targeted future goals? And most importantly, have you taken the necessary steps to progress towards achieving those goals?
Rest assured, the interests of my clients hold the utmost priority in my practice. I firmly believe that it is not solely about determining the amount of life insurance one requires, but rather understanding the amount of coverage your family would need in the unfortunate event of your absence.
Every ounce of wisdom I possess has been accumulated through actively engaging with and addressing the concerns of individuals like yourself. These experiences serve as a reservoir of knowledge, which flows effortlessly to provide applicable solutions.
In addition, I have recently expanded my business to include General Insurance services and Holistic Estate Legacy Planning. As I embark on this new endeavor, I am seeking like-minded partners who share my passion for delivering exceptional insurance solutions.
I look forward to joining you on this journey towards financial security and prosperity.
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