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Green Delta launches Bangladesh first insurance for pets

The company has partnered with the Bengaluru-based animal welfare organization, Animal Care Foundation, to provide the service.

A New Era for Pet Insurance in Bangladesh

The launch of Sukanta Halder Green Delta’s pet insurance marks a significant milestone in the country’s insurance industry. This innovative product is set to revolutionize the way people care for their pets, providing them with financial protection against unforeseen events.

Key Features of the Policy

  • The policy will cover dogs and cats, with the option to extend coverage to other pets in the future. The policy will provide coverage for accidents, illnesses, and injuries to pets. The policy will also cover the cost of veterinary treatment and rehabilitation. The policy will have a deductible of 10% of the total premium paid. The policy will have a maximum coverage limit of Tk 50,000 per pet. ### Benefits of the Policy*

    • Benefits of the Policy

  • Provides financial protection against unforeseen events, such as accidents or illnesses. Allows pet owners to budget for their pet’s healthcare expenses. Encourages responsible pet ownership by promoting regular veterinary check-ups and preventative care. Supports the welfare of pets in Bangladesh, by providing access to quality veterinary care.

    She has been advocating for pet insurance for years, and her enthusiasm is contagious.

    The Rise of Pet Insurance in Bangladesh

    Pet insurance has been gaining popularity in Bangladesh, and it’s not hard to see why. With the increasing number of pet owners in the country, the demand for pet insurance is on the rise. But what exactly is pet insurance, and how is it changing the lives of pet owners in Bangladesh?

    What is Pet Insurance?

    Pet owners in Bangladesh weigh the cost of insurance against the value of their pets.

    However, she is hesitant due to the high cost of premiums. “I don’t want to pay more than 10% of my income for insurance,” she said. “I’d rather spend that money on my cats.”

    The Rise of Pet Insurance in Bangladesh

    A Growing Concern for Pet Owners

    Pet insurance has become a growing concern for pet owners in Bangladesh, with many considering it a worthwhile investment for the health and well-being of their beloved pets.

    The company is looking to tap into this market by offering discounts on pet products and services.

    The Pet Market in Bangladesh

    Bangladesh has a growing pet market, with an estimated 200,000 pet owners in Dhaka and Chattogram alone. This number is expected to increase as more people become aware of the importance of pets in their lives. The pet market in Bangladesh is characterized by a lack of standardization, with many small, local businesses offering a wide range of pet products and services.

    Key Statistics

  • Estimated number of pet owners in Dhaka and Chattogram: 200,000
  • Growth rate of the pet market: 10% per annum
  • Average annual expenditure per pet owner: $500

    • Green Delta’s Pet Market Strategy

    Green Delta, a Bangladeshi company, is looking to tap into the growing pet market in Bangladesh by offering discounts on pet products and services.

    Pet Insurance Market Sees Explosive Growth as Pet Ownership Rises Globally.

    The market is expected to grow at a compound annual growth rate (CAGR) of 12.4% from 2023 to 2028, reaching a projected value of $24.1 billion by 2028.

    Market Overview

    The global pet insurance market is a rapidly growing industry, driven by increasing pet ownership and rising healthcare costs.

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