In the era of 10 million companion animals, they are companion animals that have become part of our lives. In particular, dogs and cats are overwhelming enough to account for almost 90% or more. However, there must be many people who are very surprised to see the receipt of the medical bill when they go to the hospital for their lovely dog and cat. Until now, the medical system for animal medical expenses is not well established.
Every time you go to the hospital, let alone 100,000 won, it is common for a few million won to come out when you have surgery, so each family has no choice but to be burdened. In addition, many insurances are being released these days in case of being bitten by a large dog when taking a dog for a walk outside, and in case a dog bites a person. Then, let’s compare Samsung Fire & Marine Insurance and Hyundai Marine & Fire Insurance, two large insurance companies in Korea.
Comparison between Samsung Direct Pet Insurance and Hyundai Marine & Fire Insurance Pet Insurance
cute maltese pictures
Pet insurance is divided into dogs and cats. Still, there are overwhelmingly more people raising dogs than cats, so I compared Samsung Direct Pet Insurance, which is famous for dog pet insurance, and Hyundai Marine & Fire Insurance Direct Pet Insurance.
Samsung Direct Pet Insurance
characteristic
Please note that Samsung Direct Pet Insurance can be purchased up to the age of 10, and can be covered up to the age of 20 through renewal.
Compensation liability for companion dogs compensates for damages under the winter law when a companion dog causes damage to another person’s body or another person’s companion animal. Dog breeds are limited to liability for compensation.)
It is possible to subscribe up to the age of 10, and through renewal, veterinary hospital treatment costs due to illness and injury are guaranteed until the age of 20. compensate.
When you renew your insurance, your premium will increase.
Skin disease and knee joint treatment are also covered by default without signing up for a special contract.
(Note on items excluded from coverage for 30 days after subscription) Cancer, cataract, glaucoma, heart disease, kidney disease, bladder disease, and various absences are excluded for 90 days, and knee joint-related diseases and injuries for 1 year are excluded.
Pets that are bred/managed for purposes other than companionship, such as sale, special missions (police dogs, rescue dogs, military dogs, search dogs), sports (fighting dogs, racing dogs, hunting dogs), or dogs protected at abandoned dog shelters, are not covered by this insurance.
When signing up, you can sign up easily with one full-body photo of your dog, and if you register your animal registration card, you get an additional 2% discount on your insurance premium.
The subscription period is 3 years.
There is a basic plan and an advanced plan. The basic plan is slightly cheaper.
Samsung Fire & Marine Insurance (basic plan)
Maltese born in 2022 or 0405 (70% compensation rate)
Renewal cycle 3 years
Payment method Monthly payment
Deductible 10,000 won
Subscription period 3 years
Monthly cost 35,900 won
medical expenses
Up to KRW 10 million per year
100,000 won limit per day
70% compensation after deduction of KRW 10,000 per day
operation fee
2 million won per day
70% compensation for excess dog medical expenses, limited to twice a year
liability
Up to KRW 30 million per accident
Compensation after deduction of KRW 100,000 per accident
Compensation for the death of a dog
150,000 won paid
30-day exemption after subscription, guaranteed up to age 12
Hyundai Marine & Fire Insurance Direct Pet Insurance
characteristic
When signing up online, it is 20% cheaper than offline (Hyundai Marine & Fire Insurance).
It covers ‘veterinary hospital treatment expenses (hospitalization/outpatient expenses, prescription dispensing expenses, MRI, CT expenses, etc.) due to illness or injury.
We also cover treatment costs for skin diseases, oral diseases, and knee and hip dislocation diseases (with a 3-year subscription).
Liability and funeral expenses are also covered.
When you first sign up, you can sign up from 61 days old to 8 years old, and after that, you can be guaranteed up to 20 years old through re-enrollment.
You can choose between 1 year and 3 year subscription period.
If you have a history of past injuries or diseases, you may be restricted from joining.
There are two types to choose from: standard and premium.
Hyundai Maritime Direct (Standard)
Maltese born in 2022 or 0405 (compensation rate 50% compensation type)
Insurance payment period 1 year / 3 years optional
Payment method Monthly or lump sum payment
Subscription period 3 years
Monthly cost 32,820 won
medical expenses
Hospitalization fee is limited to 20 days per year
100,000 won/day
Compensation rate 50%
Outpatient expenses are limited to 20 days per year
100,000 won/day
Compensation rate 50%
Surgery cost 1 million won/time
Compensation rate 50%
liability
per accident
5 million won
Deductible 30,000 won
Compensation for the death of a dog
150,000 won paid
last post
cute maltese images
Insurance can be different because you put in your dog’s birthday and get an insurance quote. Dog insurance is similar to human insurance, so the younger you are, the cheaper the premium. It is best to put it in when the puppy is young. If the dog is too old, it may be rejected by insurance, so please keep this in mind.
Please note that you can withdraw your pet insurance subscription within 15 days from the date of receipt of the insurance policy or within 30 days from the date of subscription. I’ve compared big, large insurance companies, but if there’s a cheaper place, I think it’s good to look at other companies as well.