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Etiqa Rolls Out Pet Insurance Policy Amid Rising Vet Costs in Singapore – Fintech Singapore

Etiqa Rolls Out Pet Insurance Policy Amid Rising Vet Costs in Singapore by Fintech News Singapore January 31, 2024

Etiqa Insurance Singapore has unveiled a new pet insurance policy in response to the growing number of pets and the corresponding rise in veterinary costs in the island-state.

The new policy “Tiq Pet Insurance” covers a range of medical expenses due to accidents, illnesses, congenital, and hereditary conditions. Additionally, the policy also offers no-claim discounts and is tailored to meet the unique needs of different pets.

The Pawfect Plan, a part of Etiqa’s pet insurance offerings, provides coverage up to S$15,000 for surgical illnesses and S$3,500 for non-surgical treatments. This plan also covers congenital and hereditary diseases, subject to the provision of medical documents.

Other highlights of the Tiq Pet Insurance include the highest surgical sum insured in the market for illness-related treatments, complimentary coverage for specific diseases, and discounts for multiple pets and no-claim situations. The plan also offers an additional S$500 coverage for final expenses on its highest tier.

Etiqa’s pet insurance can be accessed via Tiq by Etiqa, their digital insurance channel.

Raymond Ong

Raymond Ong

“Pets are esteemed members of our families. The evolving perspective towards pets in Singapore, coupled with escalating pet care costs, necessitates adequate coverage to ensure financial stability and peace of mind during challenging times.

Etiqa Insurance Singapore bridges this gap by offering accessible coverage at an affordable price point, enabling Singaporeans to cherish longer, healthier lives with their beloved pets,”

said Raymond Ong, CEO of Etiqa Insurance Singapore.