Guide to Pet Insurance in Singapore

As veterinary costs continue to rise, many pet owners are turning to pet insurance in Singapore to ensure their furry companions get the care they need without causing a hole in the pocket of the owners’. Whether you're exploring dog insurance or cat insurance, figuring out if pet insurance is worth the investment and choosing the right provider can feel overwhelming.

How to Choose the Right Pet Insurance

When choosing dog insurance or cat insurance for your furry friend, these are the factors you have to consider:

Pet’s age: Some breeds are more prone to illness and may need higher coverage.
Reimbursement rate: Higher percentages mean you’ll pay less out-of-pocket.
Annual limit: Make sure the coverage fits the potential costs of emergencies.
Deductibles & co-payments: These affect how much you pay per claim.
Exclusions: Pre-existing conditions, cosmetic procedures, and breeding are typically not covered.

Type Of Pet Insurance Coverage

Accidental death & injury
Non-surgery-related treatment
Hospitalisation and surgical treatment
Room and board fees
Post-surgery treatment
Specific diseases, such as cancer treatment
Third-party liability
Theft
Final expenses

Top Pet Insurance Providers in Singapore

Features	Tiq by Etiqa Pet Insurance	Liberty PetCare	MSIG PawEasy
Entry Age (Policy Commencement Date)	8 Weeks – 8 Years Old	8 Weeks – 8 Years Old	16 Weeks – 9 Years Old
Maximum Renewable Age	8 Years Old	13 Years Old	13 Years Old
Hospitalisation & Surgery	Up To $15,000	Up to $18,000	Up to $20,000
Final Expenses Benefit	Up to $500	Up to $600	Up to $400
Congenital & Hereditary Conditions Cover¹	✓	✕	✓
Loss due to theft	✕	Up to $3,000²	✕
Deductible	$50 /$200	$50 / $500	$200
Co-Payment	20% / 30%	20% / 30% / 50%	20% / 40%
No Claim Discount	Up to 20%	Up to 15%	Up to 15%
Waiting Period (Injury)	1 Month	1 Month	14 days
Waiting Period (Illness)	3 Months	3 Months	60 Days

¹ For covered congenital & hereditary conditions please refer to the respective insurer’s wordings 

² Not applicable to cats 

How Deductibles and Co-Payments Work (Claim Example)

Let’s say you enroll your dog at 4 years old and choose a plan with hospitalisation & surgery coverage of up to $20,000. Here's a claim scenario breakdown:

Total Vet Bill: $12,000
Deductible: $200
Co-payment: 20%

Breakdown of Reimbursement

Step 1 - Deductible Adjustment:
$12,000 – $200 = $11,800

Step 2 - Co-payment Calculation:
20% of $11,800 = $2,360

Final Payout:
The insurer will reimburse $9,440, while the policyholder is responsible for $2,360 in co-payment.

Is Pet Insurance Worth It?

If your pet is young and healthy, you might wonder if it's necessary. But accidents and illnesses can happen at any time. A single emergency surgery can cost thousands. Pet insurance offers financial protection and ensures your pet receives the care it needs without delay.

Final Thoughts

Choosing the best pet insurance in Singapore depends on your budget, your pet’s needs, and your expectations for coverage. Compare policies carefully, and consider what benefits matter most to you—whether that’s higher claim limits, hereditary condition coverage, or theft protection.

Whether you're a new pet parent or re-evaluating your current plan, this guide should help you make an informed decision that keeps tails wagging and wallets intact.