livi bank, FWD General Insurance launch pet care insurance

Survey shows that 77% of pet owners have not purchased any pet insurance.

Hong Kong digital lender livi bank and FWD General Insurance have teamed up for comprehensive pet insurance coverage.

The Pet Care insurance will be accessible to its customers through the livi application.

According to FWD’s survey, 85% of pet owners want insurance that offers value. However, 77% haven't purchased any pet insurance because they struggle to find suitable options and have cost concerns. 

Pet Care provides three available plans that offer comprehensive protection and great value for customers. You can get started with a competitive premium as low as HK$3.9 per day.

Plan 1 is set with an annual premium of HK$1,410 for pets in any age range, along with medical coverage, protects 80% of a claim, and has third-party liability coverage of HK$600,000.

While Plan 2 and 3 are for individuals who wants more coverage for their mature pets. It also includes medical coverage of up to HK$60,000 a year (with 80% claim coverage), optional top-up coverage of HK$10,000 to HK$30,000, multi-pet and no claim discounts, enhanced third-party liability coverage (HK$1m for Plan 3), and comprehensive coverage (funeral service, holiday cancellation, lost pet expense, international coverage and emergency boarding costs).