HDFC ERGO General Insurance has introduced Paws n Claws, an extensive insurance policy designed for pet dogs and cats. India’s pet care industry is experiencing a consistent annual growth rate of approximately 13% and is projected to reach $800 million by 2025. However, many pet owners still face challenges in accessing affordable veterinary care, often spending thousands of rupees annually on their pets’ treatments.
Introducing thorough protection for pets
Acknowledging this need, HDFC ERGO’s ‘Paws n Claws’ provides complete pet care coverage, from diagnostics to treatments and medications, ensuring thorough protection. The policy is highly adaptable, featuring a ‘Make Your Plan’ option that allows customers to customize their coverage according to their requirements for injuries, illnesses, and surgeries.
Moreover, the policy includes third-party liability coverage of up to 1 crore to protect against bodily injury or property damage caused by a pet. It also offers optional covers such as veterinary audio and video consultations, funeral expenses, and more.
Created to offer a financial safety net for pet owners against the expenses of their pets’ illnesses, injuries, and surgeries, this policy allows coverage for up to five pets under a single policy. For commercial breeders aged between six months and five years, coverage can extend to up to 10 pets, renewable for up to eight years.
Additionally, the policy offers an optional OPD cover and an industry-first trip cancellation feature. This provides financial support to pet owners if their trip is cancelled due to a valid claim related to their pets. The product also features easy digital onboarding, requiring only photos of the pets.
“We have also recently introduced a dedicated section on the pets ecosystem on our ‘here’ app. This app, which is a unique insurance-led ecosystem to address the health and motor worries of individuals, will also now help the pets’ parents to easily manage the various needs of their pets including connecting with vets, interacting with other pets’ parents, etc.”
Parthanil Ghosh, President – Retail Business, HDFC ERGO General Insurance
