InvestorQ : Can you share the details of Bajaj Allianz’s new pet insurance product?
Chandralekha Desai made post

Can you share the details of Bajaj Allianz’s new pet insurance product?

Answer
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Sam Eswaran answered.
2 months ago


It is good that you are planning to buy insurance for your pet because you should treat them just like your family member and should be taken care of. Bajaj Allianz has recently launched an insurance policy specifically for the benefit of your pet. This policy covers the pet dog over their lifetime from age 3 months to 10 years.

The premium for policy starts from Rs 315 per annum for a small dog between 3 months to 2 years and you can get a 5% discount if your dog is RFID tagged. Unlike life insurance plans, medical tests are not mandatory even at a higher age.  This product shall cover the treatment of any injury/surgery or mortality resulting from an accident. The product does not have any waiting period. 

It consists of one mandatory cover namely surgery expenses and hospitalization cover and six optional covers for theft/loss, mortality benefit, and terminal illnesses. All breeds are covered under the policy and shall also cover the legal liability of pet owners in case of any third-party bodily injury, death, or property damage because of the pet. The company will settle claims on a reimbursement basis.