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"Paws" and Reflect: Is your best friend actually covered?

One accident. One illness. One moment you never planned for. Because nine lives don’t pay for one surgery. Pet insurance gives you the freedom to say yes to treatment when your pet needs it most without financial stress from holding you back. Read our article to discover which pet insurance is best suited for you and your pet.

iFAST Insurance Team
iFAST Insurance Team 12 Feb 2026 1587 Views
"Paws" and Reflect: Is your best friend actually covered?

Vet bills can add up quickly, especially when pets face accidents, surgery, or chronic illnesses. Pet insurance helps offset these costs, but plans vary widely in what they cover, how much they pay out, and the conditions attached. In this article, find out how pet insurance plans compare and what to look out for when choosing a plan for your pet.

1.     For high-value protection: Income Happy Tails

Income’s Happy Tails insurance is positioned as a comprehensive, long-term solution that provides broad accident and illness coverage focusing on surgical and clinical treatments, including the ability to continue your pet’s cover beyond age nine. This policy offers the annual limits of up to $22,000 for surgical benefits which is the highest available among the three pet insurers we have. This plan also provides coverage for specific hereditary conditions, such as hip dysplasia or Intervertebral disk disease (IVDD), for pets enrolled before age six (subject to a 12-month waiting period). While suitable for lifelong care due to features like end-of-life benefits, do note that a mandatory clinical examination is required for enrolment.

Pros of Income HappyTails:

Limitations of Income HappyTails:

  • Highest Surgical Limits: Happy Tails offers an annual limit of up to $22,000 for surgical benefits which is the highest available among these three.
  • Maximum Liability: Receive up to $1,000,000 in third-party legal liability, providing superior protection if your pet causes significant injury or damage.
  • Hereditary and Congenital Coverage: Covers for specific hereditary and congenital conditions (such as hip dysplasia or IVDD) for pets enrolled before age six, following a 12-month waiting period.
  • Additional benefits: Includes chemotherapy, and final expenses benefit such as euthanasia or cremation. Also enjoy value-added perks such as cashless payments at selected vets.
  • No Claim Discount: Up to 15% No Claim Discount available.
  • Surgery focused: HappyTails generally do not cover medical treatment for injuries or illnesses that do not involve surgery. While the highest-tier "Furrific" plan offers some outpatient cover for accidental injury, most medical costs unrelated to an operation are excluded.
  • Strict Enrollment Requirements: Pets must undergo a mandatory clinical examination which is required for enrolment.
  • Co-insurance and high deductible: Policyholders must pay a fixed deductible of $250 per incident, which is higher than the surgery-based deductible in other plans.
  • Long Waiting Period: There is a 90-day waiting period before any claims for sickness can be made.
  • Age-banded premiums: Premiums will increase with the age of your pet.


2.      For young pets and preventative care: Liberty PetCare

Liberty PetCare offers tiered pet insurance designed to allow owners to tailor accident and illness coverage for both surgical and non-surgical treatments to their specific budget and needs. This plan stands out for its early enrolment eligibility by allowing pets to be insured as young as 8 weeks old. Beyond standard medical care, PetCare also provides wellness benefits that cover health checks, vaccinations, and teeth cleaning, alongside unique support such as a one-time benefit for spaying or neutering and coverage for the unlawful theft of dogs.

Pros of Liberty PetCare:

Limitations of Liberty PetCare:
  • Early Enrolment: You can enrol pets as young as 8 weeks old, whereas the others require them to be at least 16 weeks old.
  • Wellness Care benefits: Available on higher tier-ed plans and covers for health checks, vaccinations, teeth cleaning, and a one-time spay or neuter benefit.
  • Wide range of plans: Suitable for varying budgets.
  • Non-surgical cover: Covers accident and illness-related vet bills, with limits up to $18,000 for surgery and $5,000 for non-surgical care.
  • No Claim Discount: Up to 15% No Claim Discount available.

  • Exclusion of hereditary and congenital conditions: PetCare excludes all hereditary and congenital conditions from its illness coverage.
  • Theft Restrictions: While PetCare includes theft coverage for dogs, cats are specifically excluded from this benefit.
  • Reduced Liability for Specific Breeds: The maximum third-party liability is significantly reduced to $100,000 for restricted dog breeds such as Pit Bulls, Rottweilers, German Shepherds, and Mastiffs.
  • Long Waiting Period: There is a 90-day waiting period before any claims for theft and illness can be made.
  • Maximum Renewal Age: This policy has a strict renewal cap of 13 years, meaning coverage will cease entirely once your pet reaches this age.



3.      For quick coverage and flexibility: MSIG PawEasy

MSIG’s PawEasy is primarily built around major medical protection, focusing on hospitalisation and surgery with high annual limits of up to $20,000. PawEasy offers the shortest waiting periods among the compared plans, with coverage for injury beginning after just 14 days and illness after 60 days. This is notably faster than the 90-day requirement of other pet insurance policies. While the base plan focuses on essential surgical care, PawEasy can be customised through optional benefits such as outpatient non-surgical medical cover, and pet boarding if the owner is hospitalised or experiences travel delay. Enrolment is straightforward with no medical examination required, though owners should note that deductibles and co-insurance apply, with the co-insurance rate increasing from 20% to 40% depending on the pet's age at enrolment.

Pros of MSIG PawEasy:

Limitations of MSIG PawEasy:

  • Shortest Waiting Periods: Coverage for injury starts after 14 days and illness after 60 days, which is faster than the 90 days required by the other two.
  • Non-Surgical Illness Cover: MSIG offers an optional benefit for outpatient non-surgical medical expenses.
  • Specialised Benefits: Includes unique coverage for mobility aids (wheelchairs or carts) to improve pet’s mobility and pet boarding if you are hospitalised or your travel is delayed.
  • Additional benefits: Pre and Post surgery coverage and up to $600 complementary treatment for therapies to assist with post-surgery recovery and rehabilitation.
  • Enjoy flexibility with optional add-ons and the option to add-on benefit to reduce deductible to $0 and halve the co-payment required.
  • No Claim Discount: Up to 15% No Claim Discount available.

  • Maximum Renewal Age: This policy has a strict renewal cap of 13 years, meaning coverage will cease entirely once your pet reaches this age.
  • Lifetime Chemotherapy Cap: Unlike an annual limit that resets, PawEasy’s chemotherapy benefit is a lifetime limit and this benefit ends permanently once the amount has been fully utilised.
  • Higher out-of-pocket costs for Older Pets: Pets enrolled between the ages of 5 and 9 are subject to a 40% co-payment, meaning the owner must bear nearly half of the eligible costs themselves.
  • Temporary Cessation for Boarding: If your pet stays at a private pet hotel or kennel for more than 30 days, the policy temporarily stops operating, and any injuries or illnesses sustained during that period are not covered.
  • Age-banded premiums: Premiums will increase with the age of your pet.



🐶🐱Picking the right plan for your furry friend

When comparing pet insurance, it’s important to look beyond premiums and annual limits. Key factors to review include waiting periods, exclusions for pre-existing or hereditary conditions, co-payment structures, and whether coverage focuses on major medical events or also includes routine care. Ultimately, the right choice depends on your pet’s age, breed, health history, and your budget.

To check how much your pet insurance may cost, head over to Insure > Lifestyle Insurance and filter by “Pet Insurance” to view the plans available, check your prices, and make your purchase.


We don’t just look after your pet’s life; we’ve got yours covered too.

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Available Products on FSMOne Insurance

Term Life, Whole Life, Critical Illness, Annuity, Health, Endowment, General Insurance (Personal and Commercial)

from AIA, AIG, Allianz, China Taiping, Cigna, Chubb, Etiqa Insurance, FWD Insurance, Great Eastern, Henner, Income, Liberty, Manulife, MSIG, Raffles Health Insurance, Singlife, Sompo, Tokio Marine, and QBE.

*Please check with our team if the product you want is available on FSMOne Insurance

Information obtained from:
https://www.income.com.sg/happy-tails-pet-insurance
https://www.libertyinsurance.com.sg/petcare
https://www.msig.com.sg/personal/paweasy
Information retrieved on 10 February 2026.

Disclaimer:
All materials and content found in this article are strictly for information purposes only and should not be considered as an offer or solicitation to transact in any product. This article is not a contract of insurance.
Insurance products are underwritten by the respective insurance partners and distributed by iFAST Financial Pte Ltd (“iFAST”). You are advised to review the specific terms, conditions and exclusions in the relevant policy contract.
You are advised to read the key product documents, including (but not limited to) the product summary, before deciding whether the product is suitable for you. You should consider carefully if the products you are purchasing are suitable for your financial objectives, experience, risk tolerance and other personal circumstances. If you are uncertain about the suitability of a product, please seek advice from a financial adviser before making a decision to purchase the product.
While iFAST and its third-party providers strive to provide accurate and timely information, there may be inadvertent omissions, inaccuracies, and typographical errors. Opinions expressed herein are subjected to change without notice.
The comparisons and opinions provided are based on publicly available data/information and are intended to provide a general overview of the insurance products discussed. These comparisons do not cover all available products and may not fully illustrate every aspect of the products discussed.
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