If you are looking for a good pet insurance policy for your dog or cat, you will be happy to know that there are many in the country to choose from. Many insurance companies will even offer plans for horses and livestock as well. However, the number of companies offering this kind of insurance is low in India. While the number of animals in India is estimated to be over four million, the insurance industry is still relatively new and has a lot of room to grow.
All insurers have different policies. Most have a waiting period of 15 to 30 days and an age limit between eight weeks and eight years. Some of them may not cover regular care-related costs, however. There are deductibles and co-pays for each policy, but most companies will cover up to 80% of the insured market value. The average pet insurance premium is between three and five percent of the amount insured, but premiums vary depending on age, breed, and sum assured. Other types of insurance may include accidental coverage, death, or disability rider filmik.
Oriental Insurance is one of the biggest players in the Indian pet insurance market. Other key players in this industry include National Insurance Company and Bajaj Allianz General Insurance. Pet insurance policies in India are relatively affordable compared to the costs of medical care. Premiums typically range from three to five percent of the insured amount. The majority of pet insurance policies are for dogs, but different companies will insure cats and other animals as well. Oriental Insurance, United India Insurance, National Insurance, and Bajaj Allianz General Insurance offer pet insurance policies.