Spend 20 yuan to insure 600 yuan 50% of farmers are willing to pay for agricultural insurance

The survey shows that 35.4% of the insured farmers think that agricultural insurance is not enough to cover 30% of the loss, while only 5.24% think it can make up for more than 90% of the loss.

■ reporter Leng Cuihua

Yesterday, the first national agricultural insurance demand survey report organized by the China Insurance Industry Association was officially released at the 2014 China Agricultural Insurance Seminar sponsored by the China Insurance Association and sponsored by the Institute of Agricultural Information of the PICC. The survey results show that too few reparations are the main reason why farmers are unwilling to buy insurance. The survey pointed out that farmers have a strong demand for agricultural insurance products with low burden and high security, and it is necessary to strengthen the innovation of agricultural insurance products, improve the management mechanism, and give full play to the role of insurance in serving the agricultural industry.

Farmers:

It doesn't make much sense to pay too little compensation for agricultural insurance.

Data show that from 2007 to 2013, the risk protection provided by agricultural insurance increased from 112.6 billion yuan to 1.39 trillion yuan, with an average annual growth rate of 52 percent. It provided a total of 4.07 trillion yuan in risk protection and paid 74.4 billion yuan in reparations to 147 million households affected by disasters. However, from the feeling of farmers, the standard of insurance payment is still too low to make up for disaster losses.

"the main reason why farmers do not buy agricultural insurance is that the reparations are too low, the purchase of insurance is of little significance, and the reparations procedure is too complicated." According to a report released by the China Insurance Industry Association, "35.4% of the insured farmers think that insurance is not enough to make up for 30% of the loss, 30.54% of the farmers think that they can make up 30% to 50% of the loss, and 19.3% of the farmers think they can make up for 50% to 70% of the loss. Only 5.24% of farmers think they can make up for more than 90%."

At the same time, the survey results also show that the current types of agricultural insurance products are difficult to meet the needs of farmers. According to the data, the demand of farmers interviewed for planting insurance reached 85.3%, livestock breeding insurance accounted for 50.7%, and agricultural product price insurance accounted for 18.1%. However, at present, there are few types of insurance products in planting and aquaculture industry, and varieties must be enriched.

Premium:

Willing to pay within 20 yuan

Although farmers have high expectations for the protection role of insurance, their ability to bear the premium is limited because of their income and other reasons, so the insurance demand with low burden and high security is very strong.

Survey data show that for "if the insurance amount per mu (head, only) is 600 yuan, how much premium can be borne?" More than 50% of the people answered "less than 20 yuan". Above 10 yuan, with the gradual increase of insurance premium, the smaller the proportion of farmers who are willing to bear.

The survey found that farmers want to get higher protection with lower premium burden. If insurance companies increase the amount of insurance, nearly 80% of farmers are willing to increase premiums in the same proportion, indicating that farmers are willing to improve the degree of agricultural insurance protection, but the premiums they are willing to bear are relatively small, and the premiums they are willing to pay for each mu of crops are concentrated within 20 yuan.

This is also closely related to the income of farmers. The income of the interviewed farmers showed that the proportion of total household income was the highest, accounting for 30.58%, 17.15% between 10,000 yuan and 20,000 yuan, and 19.25% between 40,000 yuan and 60,000 yuan.

Countermeasures:

Commercial insurance compensation policy agricultural insurance

The survey shows that farmers want insurance to play a good role in loss compensation, but the ability to bear the premium is relatively small, therefore, the development of agricultural insurance, government subsidies can not be absent. Through in-depth investigation, the Chinese Insurance Society has put forward many policy suggestions for the development of agricultural insurance, one of which is to improve the supporting policies of government subsidies.

The research report points out that the degree of support of financial departments and the affordability of finance at all levels determine the coverage and security level of agricultural insurance to a certain extent. "at present, the outstanding problem is that in the process of subsidizing governments at all levels of the central government, provinces (municipalities directly under the Central Government), cities, and counties according to their respective proportions, the financial revenue at the city and county level is limited, and there is great pressure to subsidize agricultural insurance premiums." The report points out.

For this reason, the Chinese Insurance Society suggests that, first of all, it is necessary to reduce the financial pressure of district and county governments on agricultural insurance premium subsidies, increase the intensity of central and provincial financial subsidies, and improve the product polarity of local governments in popularizing agricultural insurance; secondly, agricultural insurance premium subsidy policy should not be one-size-fits-all, different insurance types and premium subsidy standards should be established according to the characteristics of local agricultural organizations and different regional conditions. Thirdly, it is necessary to change the original budget practice of subsidy application to the budget allocation at the beginning of the year and the overall settlement system at the end of the year, so as to reduce the allocation of funds and ensure the seamless connection between the issuance of national premium subsidies and the actual underwriting cycle. Finally, to balance the relationship between the increase of insurance amount and the bearing capacity of agricultural producers, the production of leading enterprises generally has the characteristics of high risk and high return, so commercial insurance can be considered to make up for the deficiency of policy-oriented agricultural insurance.

The China Insurance Society also put forward other suggestions, such as improving the status of agricultural insurance in the disaster assistance system, improving the service quality of agricultural insurance, strengthening the supervision of agricultural insurance and so on.