Pet Medical Aid or Medical Insurance?
Generally pet owners, vets and vet staff refer to pet medical cover as “Medical Aid”.
However, all pet medical covers are short term insurance policies issued by registered
short-term insurance companies.
Short-term insurance companies are registered and operate in terms of the Short-term Insurance Act, Act 53 of 1998 (as amended).
Medical Aids are registered and operate in terms of the Medical Schemes Act, Act 131 of 1998 (as amended).
So, it is not correct to refer to pet medical cover as “Pet Medical Aid”. The correct term is “ Pet Medical Insurance”.
However, I am sure it will be some time before we get this right colloquially.
www.genricpet.co.za
Generally pet owners, vets and vet staff refer to pet medical cover as “Medical Aid”.
However, all pet medical covers are short term insurance policies issued by registered
short-term insurance companies.
Short-term insurance companies are registered and operate in terms of the Short-term Insurance Act, Act 53 of 1998 (as amended).
Medical Aids are registered and operate in terms of the Medical Schemes Act, Act 131 of 1998 (as amended).
So, it is not correct to refer to pet medical cover as “Pet Medical Aid”. The correct term is “ Pet Medical Insurance”.
However, I am sure it will be some time before we get this right colloquially.
www.genricpet.co.za
This article explains to you exactly what a Pet Medical Insurance is and how it works.
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