Malayan Insurance Co. Inc. has received the greenlight from the Insurance Commission to make available a protection program for pet owners and their canine pets.
Known as Pet Care Insurance, the new product provides pet dogs coverage such as reimbursement for any veterinary treatment or confinement in a veterinary hospital if the insured dog gets into an accident or acquire sudden illness, as well as a personal accident and owner’s liability coverage for dog owners.
Payment for incurred expenses from any third party damages the insured pet becomes legally liable for will also be covered. The owner’s liability benefit covers instances where their pet dogs accidentally bite other people, among others.
Based on the National Rabies Prevention and Control Program manual of the Department of Health, a total of 1.1 million animal bites were registered in 2018.
Broken down, 276 animal bite victims died due to the rabies infection, with 42 percent of the bite victims aged 15 years and below.
Dogs must be between six months to eight years old and have been vaccinated as prescribed by the Philippine Animal Hospital Association (PAHA) to qualify for Pet Care.
The introduction of an insurance product for pets in the country, specifically for dogs, is part of Malayan Insurance’s plan to produce more innovative products.
Malayan Insurance is the leading non-life insurance company in the Philippines and is a member of the Yuchengco Group of Companies.
