Samsung Fire & Marine Insurance Launches Pet Insurance 'Wipungdaengdaeng' for Dogs

[Asia Economy Reporter Changhwan Lee] Samsung Fire & Marine Insurance announced on the 21st that it has launched a new long-term pet insurance product for dogs called 'Wipung Daengdaeng.'

This product comprehensively covers medical expenses, surgery costs, liability, and death consolation money for dogs. Coverage for dogs is available from 61 days old up to 10 years old, and through renewals every 3 or 5 years, coverage can be extended up to 20 years old.

The medical expense coverage of Wipung Daengdaeng reimburses a percentage of the treatment costs incurred at veterinary hospitals after deducting the deductible. The coverage rate for medical expenses can be selected by the customer according to their situation, at 50%, 70%, or 80% of the actual treatment cost.

If you want to reduce the burden of high-cost surgeries, you can opt for the extended surgery coverage. The surgery coverage provides protection for high-cost surgeries exceeding the medical expense coverage amount, with a maximum limit of 2.5 million KRW per day, covered up to twice a year. Both medical and surgery coverages also include protection for frequently occurring skin diseases and cruciate ligament treatments in dogs.

Wipung Daengdaeng also features coverage for the risks faced by the pet owner. Basic coverage includes injury-related severe disability for the owner, and optional coverages such as injury surgery costs, injury hospitalization daily allowance, and fracture diagnosis fees can be added. This is designed to prepare for various injury risks that may occur while walking with the dog.

Insurance premiums can also be saved through various discounts. Registering an animal registration certificate grants a 2% discount, and insuring two or more dogs under one contract provides a 5% discount on dog-related coverage premiums, allowing for a maximum total discount of 7%.

A Samsung Fire & Marine Insurance official stated, "As the perception of pets as family members increases, we have prepared a product that meets customer needs," adding, "We will continue efforts to activate pet insurance so that pet owners and their pets can live worry-free by preparing collaborations and campaigns with various industries in the future."

This content was produced with the assistance of AI translation services.