Pet Insurance: From benefits to types; all you need to know

livemint.com:

There is a famous saying, «A pet is a man's best friend.» This is absolutely true, isn't it?

Pets love us unconditionally with all their heart and soul. All they want is our love and care. So, when it comes to their health and wellness, why not take some extra steps? The best option is getting pet insurance.

Pet insurance is a special type of insurance for various animals that safeguards their overall health and well-being. Just as we buy health insurance for ourselves and our loved ones, pet insurance has become a great way to ensure our pets receive the medical and financial help they may need.

With annual routine expenses for animals rising, being a pet parent can be costly. Vaccinations, tick treatments, grooming, and other care can cost anywhere from ₹10,000 to ₹54,000 annually. Among these, vet fees and medical or surgical costs are often the highest if your pet requires such care. With a pet insurance policy, your pets can receive the best medical and legal assistance in case of unexpected situations.

1. Financial safety — Pet insurance acts as a safety net to cover costly expenses that may arise when your pet falls ill or requires urgent medical treatment.

2. Protection from unforeseen mishaps — Your furry friend may meet with an accident unexpectedly. A pet health insurance policy can cover such unforeseen circumstances, saving you from significant financial burdens.

3. Exclusive benefits — Many pet insurance companies offer exclusive benefits, such as coverage for damages your pet may cause to third parties or their property. Additionally, these policies can be helpful if your pet gets lost or stolen.

4. Regular health check-ups — Certain plans provide free annual health check-ups, helping you maintain your