KB Insurance Launches Revised "KB Precious Pet Insurance" with Expanded Medical Coverage Limits

KB Insurance announced on January 5 that it has launched a revised version of the "KB Precious Pet Insurance," which increases coverage limits and enhances customer convenience during enrollment.

The most notable feature of this revision is the increase in the annual medical expense coverage limit, addressing the "exceeding coverage limit" issue that pet insurance subscribers are most concerned about. Unlike the previous integrated limit for inpatient and outpatient medical expenses, this product now provides an annual limit of 20 million won each for inpatient and outpatient care, totaling 40 million won. This allows pet owners to reduce the financial burden of treatment costs, not only for expensive procedures such as MRI and CT scans but also for multiple major surgeries and long-term hospitalizations required for severe illnesses.

The product also expands coverage for age-related diseases, which are becoming more frequent as pets live longer. To address cancer, one of the leading causes of death for dogs and cats, a new "anti-cancer drug therapy" benefit has been introduced. This covers up to 300,000 won per session, for up to six sessions per year, helping to alleviate the high costs of cancer treatment.

The annual coverage for certain rehabilitation therapies, which are essential after accidents or surgeries, as well as for specific drug treatments requiring ongoing management, has been increased from five to six times per year to twelve times per year. This reflects the actual treatment cycles for pets that require regular monthly visits, and is expected to improve continuity of care and the likelihood of full recovery.

The latest revision also includes improvements to the product structure to enhance customer enrollment convenience. Previously, MRI and CT scans, specific procedures (such as foreign object removal), and certain drug treatments were divided into seven coverages for dogs and three for cats. These have now been integrated into the "Pet Medical Expense Extended Coverage II (Major Treatment Expenses)." This change reflects the growing demand among customers for major treatment expense coverage in health insurance, and now extends that convenience to pet insurance as well. As a result, customers can now enroll more easily and quickly, without concerns about missing out on or being overwhelmed by coverage selections.

Kim Jaegu, Head of Long-Term Products at KB Insurance, stated, "Through this revision of our pet insurance product, we have significantly strengthened support for high medical expenses and long-term treatments, which are the biggest burdens for households raising pets. Our goal is to reinforce pet insurance as a true economic partner for pet families." He added, "KB Insurance will continue to listen to our customers and develop innovative products so that both pets and their owners can enjoy happier daily lives."