CCTV News: The Central Document No. 1 released not long ago mentioned many agricultural insurance, including improving the multi-level agricultural insurance system and supporting the development of characteristic agricultural product insurance. At present, spring plowing and sowing preparations in various places have begun one after another, and agricultural insurance is about to enter the peak period of underwriting. What support measures will my country take in terms of agricultural insurance policies this year? Let’s learn about it together.

State Administration of Financial Regulation: It will expand coverage and improve the multi-level agricultural insurance system

Relevant person in charge of the State Administration of Financial Regulation said that this year, the coverage of agricultural insurance will be continuously expanded, insurance varieties will be enriched, and the level of protection will be improved. In addition, the State Administration for Financial Regulation will continue to strengthen supervision and improve the ability of "accurate underwriting and precise claims settlement" for agricultural insurance business.

Wang Xuwen, a first-level inspector of the Property Insurance Supervision Department of the State Administration for Financial Supervision, said: "We will also guide the issuance of demonstration clauses for the full cost insurance and planting income insurance industry in some insurance types to standardize product development; continue to study and promote the calculation of the pure risk loss rate of major insurance types, and improve the scientific and accurate pricing of agricultural insurance."

The three major staple food full cost insurance has been launched nationwide

At present, the full cost insurance for the three major staple foods in my country has been launched nationwide, with the guarantee level up to 80% of the corresponding grain output value. As the main production area of ​​wheat and corn, Shandong Dezhou has achieved full coverage of policy-based agricultural insurance - full cost insurance. The 1,200 acres of land contracted by Wang Wenchang, a large grain grower, last year, 300 acres of grain production were reduced due to bad weather, and agricultural insurance paid the compensation as soon as possible.

Wang Wenchang, head of Fengrun Family Farm in Lingcheng District, Dezhou City, said: "After the disaster, we actively contacted the PICC personnel. After on-site assessment, they paid 40,000 yuan in policy insurance."

Special agricultural insurance covers the development of special agricultural products with more confidence

In addition to the three major staple foods, strawberries, red dates, hairy crabs, etc. also have agricultural insurance. In order to cope with the risk of "relying on the weather for a living", my country has also launched weather index insurance to protect special agricultural products. According to the staff, since meteorological data is objective and public, the compensation method of weather index insurance avoids the loss determination and claim settlement process in traditional insurance.

Li Jian, an insurance company staff member, said: "It only needs to be calculated based on the data of our Meteorological Bureau, and all insurance compensation is completed within one day."

State Administration of Financial Supervision: Expand coverage and improve the multi-level agricultural insurance system

The latest data released by the State Administration of Financial Supervision shows that in 2024, my country's agricultural insurance premium income was about 150 billion yuan, becoming the country with the largest agricultural insurance premium scale in the world. The Central Document No. 1 released not long ago mentioned many times, including improving the multi-level agricultural insurance system and supporting the development of characteristic agricultural product insurance. What support measures will my country take in terms of agricultural insurance policies this year? Continue to learn about it.

A relevant person in charge of the State Administration for Financial Regulation stated that this year, the coverage of agricultural insurance will be continuously expanded, the types of insurance will be enriched, and the level of protection will be improved.

Wang Xuwen said: "On the one hand, we will continue to optimize policies. We will cooperate with relevant departments to speed up the study of county-level supporting subsidy policies, strive to implement policies as soon as possible, and continuously expand the coverage of high-security staple food crop insurance."

On the other hand, the State Administration for Financial Regulation will continue to strengthen supervision and improve the ability of "accurate underwriting and accurate claims settlement" for agricultural insurance business.

Wang Xuwen said: "We will also guide the issuance of demonstration clauses for the full cost insurance and planting income insurance industry of some insurance types to standardize product development; continue to study and promote the calculation of pure risk loss rate of major insurance types, and improve the scientific and accurate pricing of agricultural insurance. At the same time, continue to promote the onlineization of agricultural insurance business, strengthen technological empowerment, and make insurance services for farmers more convenient."

According to reports, in the past five years, my country's agricultural insurance premium income has grown by 16.2% annually, maintaining a rapid development momentum. In 2024 alone, my country's agricultural insurance provided 5.2 trillion yuan in risk protection, and 150 million insured farmers were included.