🌟Need for Pet Insurance
🔸Annual routine healthcare expenses such as vaccination, deworming, tick treatment and minor illnesses in the first year when you get a dog are estimated to be in the range of ₹6,000 – ₹10,000, and then an average of ₹5,000- ₹7,000 every year.
🔸Initial expenses of parenting a dog (includes healthcare, grooming, food, accessories, and all other costs) can cost up to ₹54,700 while reoccurring expenses can cost up to ₹80,000 annually (i.e. ₹6500 per month).
🔸On an average, vet fees, cost of medicines, and vaccinations for a cat will cost you around ₹5,000 per year whereas, essential food items and grooming can cost you around ₹5,000 per month
➡️What is covered?
– A pet insurance policy insures your pets against all hospitalisation expenses, surgeries, and critical illnesses. It also covers your pet’s death due to an accident or a disease, besides facilitating OPD (Outpatient Department) coverage. “Another very important cover that such products include is third-party liability,” says Dr Renjtih PM, Senior Manager – Health Underwriting and Pet Insurance, Digit Insurance.
– Third-party liability protects you against the financial loss incurred if your pet bites someone or causes damage to their vehicles or properties. The policy also covers the expenses incurred if your dog/cat is stolen or lost. These expenses include the cost incurred on filing police complaints, offering rewards, etc.
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