Pet insurance launched for man’s best friend
MANILA, Philippines — The Philippines has one of the highest dog populations in the world at 11.6 million in 2020. The country also has the highest pet ownership rate among South Asian countries. Southeast at 83%, led by dog owners at 67%.
During the pandemic alone, Filipinos’ interest in owning pets increased by 88% compared to 2019 figures. With the continued growth of the pet industry, much of it is limited to grooming, nutrition, etc. With limited health care options, pet owners constantly face financial challenges in meeting the medical needs of their fur babies.
That’s the inspiration behind Cebuana Lhuillier’s Pet Insurance Basic, a microinsurance product specifically designed for fur babies that should serve as a welcome respite for dog owners struggling with large vet bills for exams, medical procedures and emergencies.
“Dogs have always been loyal life companions, so it’s fitting that we take care of them, especially during their health emergencies. With responsible pet ownership in mind, Cebuana Lhuillier is proud to present a product that is both accessible and affordable for many of our kababayans who want to provide their dogs with the best possible care, regardless of breed.This underscores our company’s commitment to providing the most financially relevant and most affordable that meet their needs,” said Jean Henri Lhuillier, CEO of Cebuana Lhuillier.
Dogs provide much-needed companionship, comfort, and happiness in the daily lives of their owners. This unmistakable bond between animal and owner has been further amplified by the Pinoys’ more than two years of isolation, especially amid the pandemic. In turn, pet owners are known to provide nothing but the utmost love and care to these pets, whether in the form of pet food and accessories, veterinary consultations and medicines.
Pet Insurance Basic provides reimbursement for any veterinary treatment or placement in a veterinary hospital in the event of accident or illness, as well as funeral assistance in the event of death. Pet insurance also provides a liability coverage feature when the insured dog causes damage outside of the owner’s home. Apart from this, owners are also insured for personal accidents up to P25,000.00.
For as little as P1,100.00 or P3 per day, you can get all of these insurance benefits and features for one year of coverage.
“Being a responsible pet owner is a commitment to providing for our animal’s needs and it’s not just about feeding and playing with it. Part of responsible pet ownership is caring for it. physical, social, emotional and mental well-being for the rest of the animal’s life.Our pet insurance aims to cover the risks of owning dogs, not only to protect them, but also to protect the pet owners,” said Jonathan Batangan, Senior Vice President and Group Head of Cebuana Lhuillier Insurance Brokers Inc.
The introduction of Pet Insurance Basic is part of Cebuana Lhuillier’s drive to produce innovative products that meet the needs of the general public, especially those who cover their protection needs.