Ministry of National Development of the Republic of Singapore
Ministry of National Development of the Republic of Singapore
05/06/2026 | Press release | Distributed by Public on 05/06/2026 19:43
Written answer by Ministry of National Development on regulating pet insurance costs and allowing MediSave use for veterinary fees and service animal care
Question No: 1432
Question by: Mr Patrick Tay Teck Guan
To ask the Minister for National Development (a) what is being done to regulate the cost of pet insurance; and (b) whether the Ministry will consider allowing pet owners to tap on a small portion of their MediSave for veterinary fees or premiums and with a higher amount for service animals.
Answer:
Pricing of pet insurance products is determined by insurers' actuarial and commercial considerations. There are no plans to regulate the cost of pet insurance nor allow the use of MediSave to pay veterinary fees or premiums.
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