New CIMB Bank Singapore insurance scheme offers paw-tection for pet dogs and cats

The My Paw Pal pet insurance comprises a basic plan, offering coverage for accidental death, medical expenses due to an accident, cremation or burial expenses due to an accident and third party liability. (PHOTO: Getty Images)

SINGAPORE — Malaysia’s CIMB Bank is now offering pet insurance for cats and dogs in Singapore, with policy plans starting from $74.90 a year.

In a news release on Monday (15 April), CIMB claimed it is the first bank in Singapore to do so. The My Paw Pal pet insurance comprises a basic plan, offering coverage for accidental death, medical expenses due to an accident, cremation or burial expenses due to an accident and third party liability.

Two optional areas of coverage are also available, which include loss of dog due to theft, medical expenses as well as cremation or burial expenses due to death.

To qualify for coverage, your pet pooch or feline must be between 12 weeks and seven years old, and microchipped. Pet dogs must also be registered with the Agri-Food and Veterinary Authority of Singapore (AVA).

The My Paw Pal plan is offered in partnership with Sompo Insurance Singapore. Other pet insurance plans here include Happy Tails (MSIG Singapore and Aon Singapore) and PetCare (Liberty Insurance).

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