Hong Kong Pet Insurance Comparison 2022 – Coverage vs. Price | 10Life (Updated Sep 2022)

Estimated reading time 10 minutes

10Life Team

13 Sep 2022
Hong Kong Pet Insurance Comparison 2022 – Coverage vs. Price | 10Life
Share to Facebook
Share to Twitter
Share to LinkedIn
Share to Whatsapp
Copy URL

10Life Team

13 Sep 2022

Estimated reading time 10 minutes

10Life knows how much your beloved pet means to you as some of us are pet owners too! It can be a whirlwind of emotions when your dog or cat becomes ill or has an accident. Pet insurance can provide protection for your furry child.

In this article 10Life compares pet insurance from Blue Cross, China Taiping, FWD, MSIG, OneDegree, PetbleCare, and Prudential – where the difference in coverage can be enormous.  

Pet Insurance provides medical coverage

As pet owners we understand how heart-breaking it can be if something happens to our cat or dog.  Here are some key items that pet owners should be aware of:

  • Go for routine medical check-ups and vaccinations.
  • Bring them to a vet for general consultation if they are unwell. As they are not able to speak, the vet would usually perform some lab tests such as blood/ urine, and in some cases advanced diagnostics such as x-ray, ultrasound. 
  • Prescribed medications may be needed. 
  • In more serious cases, hospitalisation and/or surgery may be required. 
  • If cancer is diagnosed, chemotherapy may be performed.
Over the years you may take your furry child to numerous routine check-ups, vaccinations, and veterinary consultations. As they age, the risk of getting serious illnesses also increases. What are the pet insurance products available and how do they compare? 

Table 1: Coverage Comparison (HKD)


Plan Medical Coverage
Annual Limit
Veterinary
Consultation
Prescribed
Medication
X-ray and Lab tests Surgical Fee Room and Board Chemotherapy
Blue Cross
LovePet Insurance
Plan A
$60,000 $12,000 $60,0001 $6,000 $15,000
China Taiping
Taiping Pet Care
Plan III
Refer to limits
of coverage items 
$1,000 per visit
10 visits per year
$500 per visit
10 visits per year
$6,000 per visit
$27,000 per year
$2,000 per day
10 days per year
$4,000
FWD
Pet Insurance
Plan III
Refer to limits
of coverage items
$750 per visit
20 visits per year
$3,750 $27,000 $340 per day
12 days per year
Not mentioned
MSIG
Happy Tails
Cat Plan $27,500 Not Covered Medically necessary surgery $20,900.
This Limit is shared with room and board expenses ($2,090)
and post surgical treatment benefit ($1,100)
$6,600
Ultimate Plan
(Dog)
$68,750 Not Covered Medically necessary surgery $55,000.
This Limit is shared with room and board expenses ($5,500)
and post surgical treatment benefit ($2,750)
$13,750
OneDegree
Pawfect Care
$70,000 $70,0001 Cash benefit
of $10,0002
PetbleCare
Superior Plan
$68,000 non-surgical treatment
$8,000
$60,000 Included in
non-surgical treatment
Prudential
PRUChoice Furkid Care
 Plan B

$70,000
$800 per visit
20 visits per year
$10,000 $70,000 $500 per day3
14 days per year
$10,0004
$5,000 per visit
Note:
1.  Blue Cross and OneDegree: including ultrasound.
2.  OneDegree: 5he lump sum cash benefit is in addition to the annual coverage amount. The benefit can only be claimed once during a pet's lifetime for his/her first cancer diagnosis as long as it is not a pre-existing condition.
3.  Prudential: for a confinement of no less than 12 consective hours.
4.  Prudential: or heart diseases treatment.
5.  The above products do not cover regular medical check-up and vaccination.
6.  In alphabetical order by company nam



Focus on the benefit structure

For dogs, some pet insurance policies impose sub limits, while MSIG and OneDegree have an overall total limit on the sum of multiple items, which may provide more flexibility when making a claim. Although MSIG and OneDegree have higher annual limits (>HK$68,000), MSIG mainly covers surgery costs. Hence pet owners should focus more on the benefit structure rather than purely the total coverage amount when comparing pet insurance.

In addition, most of the plans cover chemotherapy. Blue Cross coverage of HK$15,000 are among the highest, whilst OneDegree provides a one-off cancer cash benefit of HK$10,000.

For cats, most of the insurance companies offer the same coverage as for dogs, except for MSIG where the annual limit and sub-limit on specific items are lower compared to dogs.  

Premium and co-payment can increase with age

Most of the pet insurance products require co-payment, where the policyholder needs to cover a percentage of the claim amount out of pocket. Hence usually the lower the co-payment the better.

Table 2: Price and Terms Comparison (HKD)

Assuming insured is Shiba Inu (dog)/ Shorthair (cat)

Plan
Issue Age
Last
Coverage Age

Annual Premium
Co-payment 
No Claim Discount
Shiba Inu
(age 1)

Shiba Inu
(age 8)

Shorthair
(age 1)

Shorthair
(age 8)

Blue Cross
LovePet Insurance
Plan A
6 months
to 8 years
Guaranteed renewal
up to 13 years
(note 1)
$2,965
$6,009
$2,965
$6,009
Age 0 - 4: 20%
Age 5 - 8: 30%
Age 9 or above: 40%

China Taiping
Taiping Pet Care
Plan III
6 months
to 8 years
12 years $6,000
$6,000
$6,000
$6,0000%

FWD
Pet Insurance
Plan III
6 months
to 8 years
Not mentioned $4,780 $4,780 $4,780 $4,780 0%
MSIG
Happy Tails
16 weeks
to 8 years
Not mentioned $2,553 $5,957 $1,213 $2,830 Enrolled before Age 4: 20%
Enrolled before Age 7: 30%
Enrolled before Age 9: 40%

OneDegree
Pawfect Care
13 weeks
to 11 years
No age limit $3,435
$2,576
$6,621
$4,965
$3,435
$2,576
$6,621
$4,965
Network: 10%
Non-network: 30%

PetbleCare
Superior Plan
8 weeks
to 8 years
13 years
$4,320 $4,800 $4,320 $4,800 Illness: 30%
Accident $300

Prudential
PRUChoice Furkid Care
Plan B

13 weeks
to 8 years
Not mentioned
$3,823 $6,595 $3,823$6,595 30%

Note:
1. Blue Cross: the policy renewal for insured pet above age 13 is subject to underwriting. Blue Cross claims if it decides to cease offering or suspend this plan, it will endeavour to transfer the insured pet to another available insurance plan for pet.
2. Premium rates may vary by breed type.
3. In alphabetical order by company name.

As shown on table above, while China Taiping and FWD offer 0% co-payment, there are sub limits on individual items which means the policyholder may still need to pay out of pocket if the cost exceeds any sub limits.

Blue Cross and MSIG both have co-payment of 20% (< age 4) to 40% (>age 9). In other words, the coverage reduces and the policyholder is paying more out of pocket as the pet ages. 

The co-payment for OneDegree depends on whether you visit network (10%) or non-network (30%) vets. 

Premium rates may vary by age and breed. Some products offer no claim discount.

As long-term protection, price is a key factor in pet insurance. The premium rates may vary by age and breed. Table 2 above shows the price comparison examples for 2 dogs (Shiba Inu, aged 1 and 8 years) and 2 cats (Shorthair, aged 1 and 8 years). Most insurance companies charge higher rates for higher ages, and MSIG and OneDegree offer different rates for dogs and cats. Only China Taiping and FWD offers the same price regardless of the age and breed. 

In addition, Blue Cross, MSIG, PetbleCare products offer no claim discount. The discounts rate are 5%, 10%, and 15% for no claim period of 1 year, 2 consecutive years, and 3 consecutive years.

Pet owners may want to get their loved ones covered as early as possible. PetbleCare has the lowest issue age of 8 weeks among all plans, while Blue Cross and FWD start at 6 months. Note that most plans have limitations on renewals. While some allow renewal up to age 12 or 13, OneDegree does not have an age limit on renewal.

For MSIG, it is mandatory that the insured pet undergoes an enrolment clinical examination prior or within 30 days from the commencement date of the policy. The examination result must be produced upon the first claim. Failure to submit by then may render the policy void.

Is microchip required?  

Most insurance companies require the pet to have microchip. Currently only Blue Cross and OneDegree do not require microchip in a cat, as they accept other pet identity documents such as vaccination records.

Table 3:  Microchip Requirement in Pet Insurance

Plan
Is microchip required at policy application?
Dogs Cats
Blue Cross
LovePet Insurance
Plan A
Yes Not a must - can be replaced by
vaccination record or
other relevant medical report.
China Taiping
Taiping Pet Care
Plan III
Yes Yes
FWD
Pet Insurance
Plan III
Yes Yes
MSIG
Happy Tails
Yes
Yes
OneDegree
Pawfect Care
Yes
Not a must - can be replaced by
official document with the pet’s name, 
such as vaccination records, veterinary receipts, 
medical reports, or a pedigree certificate .
PetbleCare
Superior Plan
Yes
Yes
Prudential
PRUChoice Furkid Care
Plan B

Yes
Yes
Note: in alphabetical order by company name.

Dangerous dog species may have difficulty getting insurance. Owners should be aware of the third-party liability.

Most pet insurance plans provide at least HK$1,000,000 in third-party liability such as injury or property damage caused by the insured pet. However, insurance companies usually do not offer coverage for dangerous dogs such as Dogo Argentino, Fila Brazillier, Japanese Tosa and Pit Bull Terrier.

Although OneDegree offers coverage for all species of dogs and cats, their product does not have third-party liability coverage. 

Other common benefit items: emergency boarding, advertising expenses and funeral services

If the policyholder is hospitalised for more than the designated consecutive days, Blue Cross, China Taiping and Prudential will reimburse the cost of pet sitting expenses. The highest amount is China Taiping (HK$5,000, but with excess of 5%)

When looking for a stolen or lost pet, many owners may advertise. China Taiping, FWD, and PetbleCare products cover related expenses, of which China Taiping has the highest amount (HK$2,500, but with excess of 5%).

In addition, if the furry unfortunately pass away, the owner needs to deal with the aftermath. Except for OneDegree, all products all cover the cost of cremation and funeral services. The highest amount is Blue Cross (HK$3,000), while the lowest is PetbleCare (HK$1,000).

Table 4: Comparing Terms and Conditions in Pet Insurance (HKD)

Plan
Excluded Dog Specie Third-party
Liability Benefit
Emergency
Boarding
Advertising
Expenses
Funeral
Services
Blue Cross
LovePet Insurance
Plan A
Antarctic Husky, Bull Terrier, 
Dogo Argentino, Fila Brazillier, 
Japanese Tosa, Pit Bull Terrier,
and Tibetan Mastiff
$1,000,000
(Excess: the first HK$3,000 of each claim)
$3,000
$500 per day
Limit to 6 days
Co-payment: 50%
Not covered$3,000
China Taiping
Taiping Pet Care
Plan III
Antarctic Husky, Bull Terrier, 
Dogo Argentino, Fila Brazillier, 
Japanese Tosa, Pit Bull Terrier,
and Tibetan Mastiff
$1,000,000
(Excess: the first HK$3,000 of each claim)
$5,000
Excess:5%
$2,500
Excess:5%
$2,000
FWD
Pet Insurance
Plan III
Dogo Argentino, Fila Brazillier, 
Japanese Tosa, and Pit Bull Terrier1
$1,000,000
(Excess: the first HK$3,000 of each claim)
Not covered $400 $1,500
MSIG
Happy Tails
Bull Terrier, Dogo Argentino, 
Fila Brazillier, Japanese Tosa, 
Pit Bull Terrier, and Tibetan Mastiff1
$2,750,000 (Ultimate Plan Dog)
$1,375,000 (Cat Plan)
Co-payment varies by age.
Not covered Not covered
$1,375
OneDegree
Pawfect Care
No exclusion Not covered Not covered Not covered Not covered
PetbleCare
Superior Plan
Bull Terrier, Dogo Argentino, 
Fila Brazillier, Japanese Tosa, 
Pit Bull Terrier, and Tibetan Mastiff1
$2,000,000
(Excess: the first HK$3,000 of each claim)
Not covered $300 $1,000
Prudential
PRUChoice Furkid Care
Plan B

Antarctic Husky, Bull Terrier,
Tibetan Mastiff, and dog breeds under
the Dangerous Dogs Regulation (Chapter 167D) 1,4
$3,000,000
(Excess: the first HK$3,000 of each claim)
$3,0005
$500 per day
Limit to 6 days
Not covered
$3,000
Note:
1. Including mixed breed of these dog breads.
2. Blue Cross and China Taiping: reimbursement of pet sitting expenses incurred at pet sitting facility if the policyholder is hospitalised for more than 4 consecutive days.
3. MSIG: enrolled before Age 4: 20%; enrolled before Age 7: 30%; enrolled before Age 9: 40%.
4. Prudential: reimbursement of pet sitting cost of your furry kid at a licensed pet sitting facility in Hong Kong in case of hospitalisation or overseas travel delay of paw-rent for over 2 consecutive days.
5. In alphabetical order by company name.

Pet insurance can be purchased online - compare before you buy 

Pets do bring us lots of joy and memories, and for owners it is important to plan ahead for the potential costs. These days some pet insurance plans can be easily purchased online. However before buying be sure to compare and understand different plans to make an informed decision, and consult professional advisors if needed.   

Note:
1. Assuming enrolled in the highest tier plan.
2. The premium rates above are updated as of 7 Sep 2022 and exclude any insurance levy collected by the Insurance Authority.
3. The above information is updated as of 7 Sep 2022.

Disclaimer

10Life Product Comparison and 10Life Insurance Ratings are developed by 10Life Financial Limited, an authorised insurance broker company licensed with the Insurance Authority under License Number FB1526. 10Life Product Comparison and 10Life Insurance Ratings are developed for generic customer segments using mathematical calculations based on product information, facts and data, and are not influenced by any partnerships with or fees received from insurance companies.

Any information on 10Life Platform ("10Life Information"), including but not limited to Product Comparison, Product Ratings, Blog Articles are intended for general education purpose and reference only. None of the 10Life Information is intended, nor should they be considered or relied upon, as regulated advice, insurance, financial, investment or professional advice, recommendation, approval, endorsement, invitation or solicitation in respect of any insurance, financial or investment products. 10Life Information does not take into account your individual needs. Reading 10Life Information should not be considered as conducting a suitability assessment, and is not sufficient to form the basis of any decisions to purchase any insurance products. You should rely on information authorised by insurance companies, carry out your own research and/or seek independent advice from licensed intermediaries before purchasing any insurance products or making any insurance decisions. While reasonable effort is used when collecting, validating and updating 10Life Information from various channels, none of 10Life Group and its subsidiaries, affiliates, agents, directors, officers and employees will be responsible for any liability, claim or loss arising from or associated with you using 10Life Information. No warranty, representation or guarantee is given by 10Life Group and its subsidiaries on the accuracy, completeness and timeliness of the information.

If you have any questions on 10Life Product Comparison and 10Life Insurance Ratings, please email us at enquiries@10life.com .

Instant Chat
Licensed advisors will address all your insurance queries
Please select advisors

Nik, Leung Tsz Kei

梁芷萁

10Life Financial Manager, Insurance Specialist

4.8
1173
274

Jack, Ng Wai Lap

黃維立

AXA Unit Manager

4.7
4056
617

Arthur, Law Wing Kai

羅永楷

10Life Financial Manager of Business Development

5
250
80

Winnie, Ng Wai King

吳惠琼

FTLife Agency Manager

4.8
1858
311

Even, Shum Miu Chu

岑妙珠

恆泰 高級理財顧問

4.6
1349
249

Philip, Lee Hon Lun

李漢麟

YF Life Branch Manager

4.4
1651
265

Tony, Yeung Chun Fung

楊俊鋒

FWD Life Wealth Planner

4.7
1780
310

Mabel, Siu Sin Wan

蕭善尹

FTLife Wealth Management Director

5
1068
317

Edward, Lam Wing Chuen

林永泉

Convoy Senior Wealth Management Advisor

4.6
1557
263

Noble, Suen Chit Yuen

孫哲遠

AIA Associate Director, Wealth Management and Protection

4.4
1116
249

Have an insurance question? Just ask!

  • Ask a question anytime, anywhere
  • Get response from multiple licensed advisors
  • Simply login with Email
You can choose to direct your question to a specific insurance company before submitting a question.
Please enter all the question field.
Sorry, the question was failed to send.
The question was successfully sent.
ExamplesHow to choose saving insurance?Do I need life insurance?What products cover unknown pre-existing conditions?
Share to Facebook
Share to Twitter
Share to LinkedIn
Share to Whatsapp
Copy URL

Further Readings

blog cover image
Insurance Clinic : A Cancer Patient's Policy Being Cancelled
05 Oct 2022
Insurance Clinic
blog cover image
Combining Two Medical Plans May Lower Your Costs
03 Oct 2022
VHIS
blog cover image
Understanding Pessimistic and Optimistic Scenarios in Participating Policies
29 Sep 2022
Glossary
blog cover image
Car Insurance Quick Guide
27 Sep 2022
Confirm to leave?
Instant Chat
Licensed advisors will address all your insurance queries
Please select advisors

Nik, Leung Tsz Kei

梁芷萁

10Life Financial Manager, Insurance Specialist

4.8
1173
274

Jack, Ng Wai Lap

黃維立

AXA Unit Manager

4.7
4056
617

Arthur, Law Wing Kai

羅永楷

10Life Financial Manager of Business Development

5
250
80

Winnie, Ng Wai King

吳惠琼

FTLife Agency Manager

4.8
1858
311

Even, Shum Miu Chu

岑妙珠

恆泰 高級理財顧問

4.6
1349
249

Philip, Lee Hon Lun

李漢麟

YF Life Branch Manager

4.4
1651
265

Tony, Yeung Chun Fung

楊俊鋒

FWD Life Wealth Planner

4.7
1780
310

Mabel, Siu Sin Wan

蕭善尹

FTLife Wealth Management Director

5
1068
317

Edward, Lam Wing Chuen

林永泉

Convoy Senior Wealth Management Advisor

4.6
1557
263

Noble, Suen Chit Yuen

孫哲遠

AIA Associate Director, Wealth Management and Protection

4.4
1116
249
×
Ask Questions
No contact information needed. Anonymous questions, instant chat, and get opinions from licensed advisors.
Please sign up or login, instant anonymous questions!
Advisor Replies
Your question has been sent to licensed advisors.
No contact information needed. Anonymous questions, instant chat, and get opinions from licensed advisors.
Please sign up or login, instant anonymous questions!
My Advisors
No record with advisors.
Please sign up or login. No contact information needed, instant contact with advisors!
Instant Chat
Licensed advisors will address all your insurance queries
Please select advisors

Nik, Leung Tsz Kei

梁芷萁

10Life Financial Manager, Insurance Specialist

4.8
1173
274

Jack, Ng Wai Lap

黃維立

AXA Unit Manager

4.7
4056
617

Arthur, Law Wing Kai

羅永楷

10Life Financial Manager of Business Development

5
250
80

Winnie, Ng Wai King

吳惠琼

FTLife Agency Manager

4.8
1858
311

Even, Shum Miu Chu

岑妙珠

恆泰 高級理財顧問

4.6
1349
249

Philip, Lee Hon Lun

李漢麟

YF Life Branch Manager

4.4
1651
265

Tony, Yeung Chun Fung

楊俊鋒

FWD Life Wealth Planner

4.7
1780
310

Mabel, Siu Sin Wan

蕭善尹

FTLife Wealth Management Director

5
1068
317

Edward, Lam Wing Chuen

林永泉

Convoy Senior Wealth Management Advisor

4.6
1557
263

Noble, Suen Chit Yuen

孫哲遠

AIA Associate Director, Wealth Management and Protection

4.4
1116
249

We use cookies to give you the best possible experience on our website. By continuing to browse this site, you give consent for cookies to be used. For more details please read our Cookie Policy.