Animal Insurance: How to insure your animal: Product to choose, what is not covered, when to get it

Owning a pet is like adding a new member to the family. It also involves setting aside a budget to support regular and irregular expenses for their health, upkeep and maintenance. It makes sense to evaluate pet insurance plans to cover different expenses. Pet insurance aims to provide financial security to the pet owner for the pet’s veterinary bills, hospitalization costs, etc.

Choose the right product

Insurance companies offer a variety of products. Some provide life or accident cover, some cover hospitalization or treatment costs, while others cover the theft or wandering of the animal. Some insurance plans also offer coverage against or for the defense of any civil liability arising from the act of the pet. Insurance plans may also cover the cost of vaccinating a pet. Premiums should also be considered when selecting the product.

When to buy?

The animal must be at least eight weeks old to be eligible for an insurance plan. The insurance company may also specify the maximum age, such as 10 years in the case of dogs, up to which insurance can be obtained.


What is not covered


Surgeries or procedures not resulting from illness or accident are not covered. The insurance does not cover surgeries due to pregnancy or childbirth or those performed for grooming or dental/cosmetic reasons or to treat deformities.

Points to note

  • Many pet insurance plans provide coverage for dogs, but exclude certain other animals as pets.
  • Insurance premiums may increase or decrease depending on the breed of animal, native or foreign.

Content on this page is courtesy of the Center for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.

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