Naver Pay Launches 'Pet Insurance Comparison and Recommendation' Service in Partnership with 5 General Insurers

Naver Pay announced on the 28th that it has partnered with five insurance companies to launch the ‘Pet Insurance Comparison & Recommendation’ service, allowing users to easily compare insurance products for pets.

The Naver Pay ‘Pet Insurance Comparison & Recommendation’ service enables users to compare coverage conditions and prices of various insurance products at a glance through partnerships with all insurance companies offering long-term pet insurance with coverage periods of over three years. Users can freely select their desired subscription period, coverage ratio, deductible, and maximum daily medical expense coverage, then receive recommendations for coverage details and premiums suitable for their pets. By clicking on the recommended insurance products, users can check detailed information such as ▲daily surgery costs ▲annual medical expenses ▲annual surgery costs ▲death consolation money ▲coverage scope and limits for diseases like patellar luxation, skin diseases, and oral diseases, allowing for more thorough comparisons.

The Pet Insurance Comparison & Recommendation service offers a simpler input process by automatically importing information such as age, neutering status, and breed for users who have registered their pets on ‘Naver Pet’ within Naver Shopping. Users who have not previously registered their pets can select the applicable pet type (dog or cat) and enter ▲name ▲age ▲gender ▲neutering status, as well as select special conditions related to premium discounts such as ▲pet registration status ▲adoption of abandoned animals ▲microchip registration status to proceed with registration. Naver Pay allows registration of up to 15 pets, making it useful for households with multiple pets. After the service launch, information such as common diseases by breed will also be provided in content form.

This service strengthens consumer choice by setting the prices offered through the insurance companies’ own websites and the comparison & recommendation service to be the same. It starts with partnerships with five insurance companies: Meritz Fire & Marine Insurance, Samsung Fire & Marine Insurance, Hyundai Marine & Fire Insurance, DB Insurance, and KB Insurance, and plans to continuously expand partner insurance companies in line with industry trends such as the launch of new long-term pet insurance products. To celebrate the launch, a promotion is being held offering 30,000 points as a subscription congratulatory gift for those who sign up for pet insurance through Naver Pay.

Jo Yena, leader of Naver Pay’s insurance service, said, “As the population living with pets has surpassed 12 million, we have launched a service that can reduce one of the biggest concerns in raising pets, the burden of medical expenses,” adding, “We hope users compare various pet insurance coverage items and premiums on Naver Pay and make reasonable choices.”