Shopee Pet Insurance Review Singapore (2026)

Shopee Pet Insurance is the newest entrant in Singapore’s pet insurance market, launched in Jan 2026. Distributed exclusively through Shopee by MoneeInsure Agency and underwritten by MSIG Insurance, it combines the familiarity of a major insurer with the convenience of an e-commerce platform. MoneeInsure is registered with the General Insurance Association of Singapore (GIA), as required for general insurance agents.

Premiums start from just $229.72 for dogs and $91.99 for cats, making it one of the most affordable options currently available. With only 2 tiers—Basic and Standard—the structure is refreshingly simple.

But low prices usually mean trade-offs. So how does Shopee Pet Insurance stack up against other pet insurance plans in Singapore like MSIG PawEasy, Income, and Liberty? Let’s take a closer look.

[ms-toc title="Shopee pet insurance—MoneySmart review (2026)"]

1. How much does Shopee Pet Insurance cost?

• Premium: Starting from $229.72 (dogs) / $91.99 (cats)
• Eligible age: 16 weeks to 9 years

Shopee pet insurance is one of the most affordable options in Singapore. Here’s a look at its annual premiums for dogs and cats across its 2 plan tiers:

These are among the lowest premiums in the market—especially for cats. At $91.99 for the Basic Plan and $141.65 for the Standard Plan, Shopee undercuts most established insurers. For comparison, cat premiums for Income start from $389.52, MSIG from $241.95, Liberty from $392.40, and Tiq from $296.00. Even before add-ons, Shopee’s entry pricing sits firmly at the budget end of the spectrum.

Shopee also offers a no-claim discount:

• 5% after 1 claim-free year
• 10% after 2 consecutive claim-free years
• 15% after 3 or more consecutive claim-free years

That discount means your already affordable pet insurance can be made even more so, meaningfully reducing renewal premiums over time.

Back to top

2. What does Shopee Pet Insurance cover?

Shopee’s coverage structure closely mirrors MSIG PawEasy (which makes sense since it’s underwritten by MSIG), but with more modest limits.

Hospitalisation and surgery

• $1,500 (Basic)
• $3,500 (Standard)

Compared to MSIG’s $20,000 top limit or Income’s $27,000 annual coverage, Shopee’s limits are much lower. This suggests the plan is designed more as a buffer against moderate bills rather than catastrophic medical events.

Pre- and post-surgery treatment

Under the Standard Plan:

• Pre-surgery consultations: $350
• Post-surgery treatment: $350

These are structured similarly to MSIG’s separate pre- and post-surgery limits, though with lower caps. MSIG’s ranges from $200 to $600 or $700 with their higher tier plans.

Complementary therapy

• $150 (Basic)
• $350 (Standard)
• $50 per visit cap

Shopee pet insurance covers acupuncture, chiropractic treatment, and similar therapies under their Complementary Therapy benefit.. Few insurers include this in entry-level plans, so it’s a nice inclusion—albeit at modest limits.

Outpatient non-surgical cover

Here’s where Shopee stands out.

The Standard Plan includes basic outpatient non-surgical cover:

• $300 per year
• $150 per visit

Many insurers exclude outpatient care unless you purchase a rider. Shopee includes a starter version in its Standard tier, which is useful for minor conditions that don’t require surgery.

If you need more coverage, you can add:

• Up to $3,500 per year
• $350 per visit

This flexibility is strong for a budget-focused plan.

Final expenses

• $200 (Basic)
• $400 (Standard)

Shopee pet insurance’s final expenses benefit covers euthanasia, cremation, and related handling costs. The limits are modest but broadly in line with entry-level plans across the market.

Do note that Shopee does not provide a separate accidental death benefit, unlike insurers like CIMB or Liberty. 

Back to top

3. Optional add-ons

Shopee keeps its base premiums low by making several benefits optional—this gives you flexibility to build up coverage only where you need it, rather than paying for everything upfront.

Third party legal liability

• $150,000
• From $12.00 per year

This is one of the cheapest liability add-ons available. While the $150,000 limit is lower than Liberty ($500,000) or Income ($1,000,000), it may be sufficient for many HDB owners who want basic protection against accidental injury or property damage caused by their pet.

Chemotherapy cover

• $3,500 lifetime limit
• $39.50 per year

Many entry-level plans don’t cover chemotherapy at all. Like MSIG’s pet insurance, Shopee offers it as an affordable rider—but note this is a lifetime limit, unlike Income’s annual chemotherapy benefit. That makes it useful for protection against a single major diagnosis, but less robust for recurring long-term treatment.

Outpatient non-surgical cover (expanded)

• Up to $3,500 per year
• $39.75 per year

Outpatient care is one of the most common types of vet spending. Being able to scale this up significantly gives Shopee an edge over many budget plans that exclude outpatient coverage entirely.

No deductible rider

• $45.95 (dogs) / $18.38 (cats)

Not all insurers let you “buy down” your deductible. Shopee’s relatively affordable rider can meaningfully reduce out-of-pocket costs, especially for smaller claims where a deductible would otherwise eat into your payout.

Overall, Shopee’s add-on structure makes the plan highly modular—you can start with a very low premium and selectively upgrade depending on your pet’s age, health profile, and risk tolerance.

ALSO READ: How Does Pet Insurance Work in Singapore? 10 Frequently Asked Questions

Back to top

4. What will you actually pay when claiming?

Shopee applies a deductible structure unless you purchase the no-deductible rider.

Without the rider:

• Deductible applies per claim
• Co-payment may apply depending on claim type

With the no-deductible rider:

• Deductible is reduced to $0

Because Shopee’s benefit limits are relatively modest, the bigger risk isn’t necessarily co-payment—it’s exceeding the annual cap.

For example, if your surgery costs $4,000 under the Standard Plan (which caps hospitalisation at $3,500), you would pay the excess amount above the limit out of pocket.

This reinforces Shopee’s positioning as an affordable, moderate-coverage plan rather than a high-limit safety net.

Back to top

5. What is not covered?

Like most insurers, Shopee excludes:

• Pre-existing conditions
• Routine care beyond covered limits
• Theft
• Accidental death benefit

Coverage limits are also lower than mid- to high-tier competitors. If you’re concerned about large surgical bills, you may need a higher-limit plan elsewhere.

However, Shopee’s strength lies in accessibility and flexibility—not maximum payouts.

Back to top

6. Eligibility: Which pets can apply for Shopee pet insurance?

To be eligible for Shopee pet insurance, your dog or cat needs to meet these requirements:

• Age: 16 weeks to 9 years
• Must be microchipped
• Must reside in Singapore
• Not used for commercial or working purposes

Because the product is distributed via Shopee, it’s available exclusively to Shopee customers.

To apply:

1. Go to Shopee’s Home tab
2. Scroll to the end of the menu bar below your Shopee Wallet and Shopee Coins summary
3. Tap “See More”
4. Under “Finance,” tap “Insurance > Pet”

The digital-first application process is quick and streamlined—ideal for pet owners already active on the platform.

Back to top

7. Pros and cons of Shopee Pet Insurance

Shopee Pet Insurance clearly positions itself as a budget-friendly, modular plan. Before deciding if it’s right for you, it helps to weigh its strengths against its trade-offs.

Pros

• Very affordable premiums, especially for cats
• Outpatient cover included in Standard plan
• Flexible, low-cost add-ons
• No-claim discount up to 15%
• Simple 2-tier structure

Shopee’s biggest strength is accessibility. You can start with one of the lowest premiums on the market and customise upward only if needed. For younger, healthy pets, this keeps long-term ownership costs manageable without locking you into high annual premiums.

Cons

• Lower hospitalisation and surgery limits
• No theft or accidental death cover
• Liability limit lower than some competitors
• Better suited for moderate claims than major surgeries

Because benefit caps are modest, the plan may fall short for complex or high-cost surgeries. Owners who want maximum medical protection or very high third party liability limits may prefer mid- or top-tier plans from more established insurers.

Back to top

8. Who should buy Shopee Pet Insurance?

Shopee Pet Insurance may suit you if:

• You want low premiums
• You’re comfortable with moderate coverage limits
• You value digital convenience
• You prefer flexibility through add-ons
• You’re insuring a cat and want one of the cheapest plans available

It’s particularly attractive for younger pets and owners who want basic protection without committing to higher premiums.

If you’re seeking high annual medical limits or robust illness coverage, you may want to explore mid-tier or premium plans elsewhere.

Back to top

9. Final verdict: Is Shopee Pet Insurance good value?

Shopee Pet Insurance delivers exactly what it promises—affordable, accessible protection with flexible add-ons. While benefit limits are modest compared to established players like Income or MSIG, premiums are among the lowest in the market, especially for cats.

For digitally savvy pet owners looking for no-frills coverage and the ability to customise as needed, Shopee is a compelling budget option.

For more information, view Shopee’s pet insurance policy wording.

Back to top

This article was first drafted with the help of AI and later reviewed and refined by the author.

Found this article useful? Share it with your fellow pawrents!