Cebuana Lhuillier, one of the Philippines’ leading and largest micro-financial service providers and a champion in financial inclusivity and mobility, recently launched its new insurance product for dogs.
The Philippines has one of the highest dog populations in the world with 11.6 Million as of 2020. Furthermore, the Philippines have the highest rate of pet ownership among the Southeast Asian countries at 83%, led by dogs at 67%. In the course of the pandemic alone, Filipinos’ interest 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.
How it all began
This is the inspiration behind Cebuana Lhuillier’s Pet Insurance Basic, a microinsurance product especially made for fur babies which are expected to serve as a welcome respite for dog-owners saddled with large veterinary bills for checkups, procedures, and medical emergencies.
“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, Cebuano 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 -providing the most relevant and reasonably-priced financial products that respond according to their needs,” Cebuana Lhuillier CEO, Jean Henri Lhuiller said.
We can’t deny that dogs provide much-needed companionship, comfort, and happiness in the everyday lives of their owners. This unmistakable bond between pet and owner was further amplified by the more than two years of isolation among Pinoys, especially in the midst of the pandemic. In turn, pet owners are known to only provide the utmost love and care to these pets, whether in the form of pet food and accessories, veterinary consultation, and medicine.
What is included in the Pet Insurance Basic package?
Pet Insurance Basic provides reimbursement from any veterinary treatment or confinement in a vet hospital in the event of an accident or disease, as well as burial assistance. 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 P1,100.00 or P3.00/day, you can get all of these insurance benefits and features for one-year coverage.
“Being a responsible pet owner is a commitment to provide for their 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 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. added.
Where can I purchase pet insurance for my furbaby?
The introduction of Pet Insurance Basic is a part of Cebuana Lhuillier’s push on producing innovative products that answer to the needs of the general public, especially in 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.