Cebuana Lhuillier now offers insurance product for your pets with the launch of insurance for dogs. Cebuana Lhuillier being one of the leading and largest micro-financial service providers and a champion in financial inclusivity and mobility, launched its new insurance product for dogs.
The Philippines has one of the leading dog populations in the world at 11.6 million as of the year 2020. The country also has the highest rate of pet ownership among the Southeast Asian countries at 83%, led by dog owners at 67%. During the pandemic alone, the interest of Filipinos in owning pets grew 88% compared to 2019. With the continuous growth of the pet industry, a big chunk of this is limited to grooming, nutrition, and the like. With a limited option for health care, pet owners are constantly challenged financially in order to provide for the medical needs of their fur babies.
This inspiration led to the creation of Cebuana Lhuillier’s Pet Insurance Basic. It is a microinsurance product especially made for fur babies which is expected to serve as a welcome respite for dog-owners saddled with large veterinary bills for checkups, procedures, and medical emergencies.
Pet Care Insurance is Individual Insurance specifically designed for Cebuana Lhuillier’s client’s dogs. It covers Medical Reimbursement, Owner’s Liability, Burial Assistance (Euthanasia) and Personal Accident for the Pet Owner. Pet Care Insurance is underwritten by Malayan Insurance.
“Dogs have always been loyal life companions, so it’s only right that we take care of them, especially during their health emergencies. With responsible pet ownership in mind, Cebuana Lhuillier is proud to introduce a product that’s both accessible and affordable for many of our kababayans who would like to provide their pet dogs with the best care possible, regardless of breed. This highlights our company’s commitment to providing the most relevant and reasonably-priced financial products that correspond to their needs,” – Cebuana Lhuillier CEO, Jean Henri Lhuillier.
Pet Insurance Basic provides a reimbursement from any veterinary treatment or confinement in a vet hospital in the event of an ailment or accident to your fur babies. It also has burial assistance in case of death of your pet. Pet Insurance also offers a liability coverage feature for when the insured dog causes damage outside the owner’s home. Aside from that, owners are also insured for personal accidents for up to Php 25,000.00. For as low as Php 1,100.00 or Php 3.00/day, you can get all of these insurance benefits and features for a one-year coverage.
“Being a responsible pet owner is a commitment to provide for our pet’s needs and it consists of more than simply feeding and playing with them. Part of responsible pet ownership is addressing their physical, social, emotional, and mental well-being for the remainder of the pet’s life. Our pet insurance aims to cover the risks that are involved in owning dogs, not just to protect them but to protect pet owners as well,” – Jonathan Batangan, first vice president and group head Cebuana Lhuillier Insurance Brokers, Inc.
The introduction of Pet Insurance Basic is a part of Cebuana Lhuillier’s push on producing innovative products that tend to the needs of the general public, especially those covering their protection requirements. Make sure your pets are insured by shopping Pet Insurance Basic online through Shopee and Lazada and get your pets protected, anytime and anywhere.
Wow! This is such an innovative and exciting project for our fur babies. My pets are like my children. They need insurance too! Kudos to Cebuana Lhuillier team!
My sister has two dogs. She’ll definitely need this for her pets. I hope this will be available worldwide soon. Cheers from Rome!
My pet needs an insurance. She is already part of our family. This is such a great initiative!
Ang galing naman ng Cebuana! Sulit din yung rates. I will definitely get for my pets!