Are you looking for information on pet insurance? Then you are at the right place. Pet insurance comes in handy during times of emergency. It proves beneficial to pet owners in many ways. However, you might find it challenging to select the right pet insurance in India.
Today, several companies are available in the market. Each company is unique in its way of coverage and the facilities in its plan. Thus, choosing an insurance policy from one of the insurance companies may be a tedious job.
The vet may suggest you or give you some information related to dog insurance. However, it will be better to study everything about the coverage that these insurance companies provide.
To understand this situation, you should be aware of the positives and negatives of pet insurance in India. Consider your budget and your requirements first.
Then, you need to understand which of the plans would serve your purpose. Finally, the right way is to eliminate the wrong option and which service provider you should select.
Pet Insurance Merits and demerits
Insurance is a different form of product where you don’t pay for availing services. Instead, you release tension to prevent financial losses due to health hazards.
Therefore, in case of opting for dog pet insurance, always keep in mind the necessity, not the affordability. You are spending money for protection from the risk that may arise due to pet health issues.
Let’s discuss some positive and negative sides.
Pet Insurance – Positive
Many vets suggest pet insurance, not for the cost coverage but to indulge pet owners towards the betterment of dog health care. When personal health makes you more worried, you may be unwilling to opt for dog insurance.
However, the experts suggest not to agonize about this situation. Unlike human health insurance, pet insurance is formatted. Therefore, healthcare issue gets resolved behind the scenes even if we do not get the bill and know the expenditure. The human insurance company pays directly to the service provider.
In dog pet insurance, you have to pay your vet directly and then claim it from the pet insurance company, which is reimbursed to you by the insurance company.
Read Also: Dog Health Insurance Cost in India
You can estimate the amount by deduction of the co-pay. As major pet insurance companies reimburse, facilitate yourself to choose any of the vets your like. It can be done during the porting or opting for the first time.
A few times, an unexpected bill may develop in time of a vet visit. For example, your veterinarian suspecting a bone dislocation wand suggests an imaging test or detects an infection that may require a blood test. A dental check procedure is a costly affair, especially if a sedative is required to clean the teeth.
When such huge expenses happen, the pet insurance companies act as a savior.
Pet Insurance – A bit of Negative
You have to pay for your dog’s food, toys, and grooming. Insurance premiums become extra expenses. However, when avoided, it can land you in trouble when a worse situation happens to your dog.
You may try to avoid this, but keep in mind that it is the only effective tool against the high medical and emergency cost to prevent your financial trouble.
It does not prevent the high-risk situation but also reimburses your veterinarian visit cost. Compare this with the amount of premium you paid, and you will notice the profitability in opting for insurance.
A pre-existing condition is one of the negative aspects of pet insurance.
Thirty days period is another option which is a little worrying.
Necessary steps to follow for opting for good insurance for your pet
Lots of dog pet insurance companies are available in India nowadays. These companies are gradually increasing their services to provide better coverage. Opt for a company that enjoys a positive reputation and a history of long service time.
Go through the documents provided by each of these pet insurance companies and check which one satisfies your need. Reputable insurance brands with extensive experience give you proper and trustworthy support.
Below are some players available in the market of pet insurance in India:
- New India insurance
- National insurance
- Oriental insurance
- United India insurance
- Future general insurance
- Toffy insurance
- Go digit insurance
- Bajaj Allianz insurance
Most people have a fixed budget for the month. Therefore, faster reimbursement of veterinarian bills helps to use the money for other purposes. Reimbursements usually happen in a maximum of two weeks.
If you know about a long waiting period of reimbursement with any particular company, it is better to avoid that company in the first place. Then, you can move on to the next service provider.
The best way is to follow the customer review. This way you can get a proper scenario about the company and its services.
Try to get quotations from each company and study thoroughly, which helps you estimate the lifelong insurance cost in the future.
Some may show cost-effectiveness now but may cost high in the future, and some that are high today may be cheap in the future.
The way you select an insurance service provider
Before opting for insurance, you should be aware of your dog’s health and the details of its health issue. In addition, you must get information regarding what issues may arise due to their age and breed type.
The following are a few things you should keep in mind:
- What type of breed do you want to insure?
- Do you have more than one pet in your home?
- Whether they are male or female?
- The age of the pet?
- How much do they weigh?
- Is your dog mixed breed or not?
- Does any preexisting condition already exist?
After answering these questions, you may choose a good proposal for pet insurance for your pet.