5 days ago
What to Check Before Buying Pet Insurance in India
Pet insurance helps owners pay for some unexpected veterinary bills.
These bills can come from accidents, illnesses, surgeries or hospital stays.
Some plans also offer money for outpatient treatment or if a pet dies.
Different policies cover different things, so owners should read the details carefully.
The amount of coverage can range from ₹10,000 to ₹15 lakh.
The right amount depends on the pet’s age, breed, lifestyle and likely medical needs.
Insurance prices can also depend on the pet’s species, weight, location and health.
Rising veterinary costs and growing pet ownership are increasing interest in these policies.
India’s pet insurance market reached ₹3,152 crore in 2025 and is projected to reach ₹9,478 crore by 2034.
India’s pet population grew from 28.5 million in FY20 to 39.2 million in FY25 and may reach 60.5 million by FY30.
Policies may cover surgery, eligible pre- and post-surgery expenses, hospitalisation, mortality benefits and optional outpatient care.
Available sum-insured options reportedly range from ₹10,000 to ₹15 lakh.
Premiums can vary based on species, weight, location, existing health conditions and policy tenure, not just coverage amount.
- Who
- Indian pet owners, insurers and veterinary-care customers.
- What
- The article explains what to check when choosing pet insurance, including coverage, limits and premiums.
- Where
- India.
- When
- The market reached the reported estimate in 2025; projections cover 2026–2034 and FY30.
- Why
- Rising veterinary costs, higher disposable incomes and growing pet ownership are increasing demand for insurance.
Key facts
- 2025 market size
- ₹3,152 crore
- 2034 projected market size
- ₹9,478 crore
- Projected market CAGR
- 12.60% between 2026 and 2034
- Pet population
- 39.2 million in FY25, up from 28.5 million in FY20
- Projected pet population
- 60.5 million by FY30
- Sum-insured options
- Reportedly range from ₹10,000 to ₹15 lakh
- Potential coverage
- Surgery, eligible medical expenses, hospitalisation, mortality benefits and optional OPD care
Quotes
Amarnath Saxena
Chief Technical Officer (Commercial) at Bajaj General Insurance
“Rising costs of surgeries, diagnostics, hospitalisation and specialised treatments are encouraging pet owners to seek financial protection.”
livemint.com
“Pet parents are more willing to invest in their health, well-being and long-term care.”
livemint.com
Sources
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