Does pet insurance really make financial sense? I’ve had a OnePlan pet insurance product for a year now, and I thought it would be a great idea to share what I’ve paid in, versus how much I’ve been paid out. If you have a dog or a cat, you might be on the fence about pet Insurance, so perhaps this short blog post will change your mind.
I added a new bulldog to the family this time last year, and I was concerned about the potential Vet bills. So, I decided to put my dog onto a medical aid with OnePlan at R360 a month (cheaper options are available)
- In the 11 months I have been with OnePlan, I have paid in R3960 in premiums.
- In the 11 months I have been with OnePlan, they have paid me out R3803 for claims
Now you might be thinking that it would have been a wiser idea just to have saved the money and self-funded the bills.
It would have, except for this little fact that you are missing – the plan I have chosen (SuperPlan) has a day-to-day benefit (like a medical aid you belong to) and an in-hospital benefit.
The R360 a month not only includes day-to-day benefits, which has basically paid me out as much as I have paid in, but has extensive in-hospital cover which I had the luxury of having but didn’t need to claim against.
Watch the quick video below as I look into the policy schedule.
I’ve scored this year because this is the only insurance policy I own which allowed me to claims as much as I have contributed. And I had the peace of mind knowing that if my dog landed up at the Vet for an extended period of time, that would have also been covered.
InsuranceFundi has partnered with some of SA’s most reputable insurance and investment companies. We believe that everyone should have access to a wide range of comprehensive and affordable solutions. Pick the product you are interested in below, and expect a call-back from our partners.
Until next time.
The InsuranceFundi Team