The upgrading of agricultural insurance and the reduction of premium can be compensated for landslides.

CIRC: planting insurance premium rates in some areas have been reduced by nearly half

This is the scene of landslide rescue in Lidong Village, Yaxi Town, Liandu District, Lishui City on November 15. (photo Source: Xinhuanet)

According to data released by the China Insurance Regulatory Commission on the 13th, China's agricultural insurance products have now been upgraded, the scope of insurance liability has been expanded, insurance premiums have been lowered, and planting insurance premiums in some areas have fallen by nearly 50%.

He Hao, deputy director of the property Insurance Supervision Department of the China Insurance Regulatory Commission, said that in 2014, agricultural insurance earned 32.57 billion yuan in premium income, provided risk protection of 1.66 trillion yuan, insured 247 million households, covered more than 1.1 billion mu of major crops, and covered nearly 50 percent of major crops. The coverage rate of major food rations crops exceeded 65%. According to the statistical data from January to October this year, the premium income of agricultural insurance is 33.633 billion yuan, which has already exceeded the level of last year and the year before last.

But at the same time, he pointed out that there are still some problems in China's agricultural insurance, such as narrow insurance liability, low level of protection, strict claims conditions and so on.

According to reports, at present, the upgrading of agricultural insurance products has been basically completed, involving a total of 738 agricultural insurance products and 22 insurance companies in 34 provinces (autonomous regions and municipalities directly under the Central Government), 15 types of crops and 6 types of farmed varieties.

"the upgrading of agricultural insurance means broadening the scope of liability." He Hao said that the upgrading of agricultural insurance products is mainly reflected in the following five aspects.

First, the liability of insurance has been expanded. on the basis of the original natural disasters, planting insurance has increased major disasters such as droughts and earthquakes, as well as geological disasters such as debris flows and landslides, as well as diseases, insect pests and rodents; the insurance liability of aquaculture extends to all diseases and epidemics. Some areas have expanded their responsibilities such as "snow disaster" and "beast attack" according to the local reality.

Second, the security level of major grain crops has been improved. The amount of insurance in most provinces and cities across the country has covered direct physical and chemical costs, and the average insurance level has increased by 10% to 15%. For a small number of areas where direct materialization costs cannot be covered due to various factors, insurance companies will develop commercial supplementary protection products.

The third is to raise the standard of compensation, reduce the conditions for settlement of claims, abolish the absolute exemption clause, and at the same time raise the standard of compensation for crops at different growth stages and in the case of no yield.

Fourth, the insurance premium rate was lowered, focusing on major agricultural provinces, and the insurance premium rate for planting industry in some areas was reduced by nearly 50%.

Fifth, strengthen the social management function, take the harmless treatment of sick and dead livestock and poultry as a prerequisite for obtaining insurance reparations in accordance with government regulations, and guide farmers to actively carry out harmless treatment of sick and dead livestock and poultry through economic means to prevent sick and dead livestock and poultry from entering the market. (reporter Wang Jingshuo)

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Authoritative interpretation: agricultural insurance products are included in major disasters such as drought and earthquake

According to the Economic Information Daily, he Hao, deputy director of the property Insurance Department of the CIRC, said that the first feature of this upgrade is the significant expansion of the scope of insurance liability, "such as planting insurance on the basis of the original natural disasters." increased responsibilities such as drought, diseases and insect pests, and listed earthquakes as the main responsibility, which is not found in other property insurance products. In addition, geological disasters such as debris flows and landslides, as well as diseases, insect pests, weeds and rodents are also included in the scope of insurance. The insurance liability of the aquaculture industry extends to all diseases and diseases. Some areas have also expanded their responsibilities such as snow disasters and beast attacks in the light of local conditions. "

After upgrading, the protection of agricultural insurance products has been greatly improved. The amount of insurance in most provinces and cities across the country has covered direct physical and chemical costs, and the average level of protection has increased by 10% to 15%. In addition, raising the standard of compensation and reducing the terms of settlement of claims have become a bright spot of this upgrade. The upgraded product cancels the absolute exemption clause and raises the standard of compensation for crops at different growth stages and in the case of no-yield. At the same time, the insurance rate will be reduced. Focusing on major agricultural provinces, we will guide all localities to lower insurance rates in accordance with the characteristics, distribution and operation of risks in recent years. The insurance premium rate of planting industry in some areas has dropped by nearly 50%.

According to the data of the Insurance Regulatory Commission, since the implementation of the agricultural insurance premium subsidy policy by the central government in 2007, China's agricultural insurance has developed rapidly. In 2014, agricultural insurance achieved a premium income of 32.57 billion yuan, provided risk protection of 1.66 trillion yuan, and insured 247 million households. The underwriting of major crops exceeded 1.1 billion mu, the underwriting coverage rate was close to 50%, and the coverage rate of major rations crops exceeded 65%. Experts believe that the upgrading of agricultural insurance products marks the further improvement of the agricultural insurance product system, will greatly enhance the level of standardization and standardization of agricultural insurance product management, and will have a far-reaching impact on expanding agricultural insurance coverage, safeguarding the legitimate rights and interests of insured farmers, improving the agricultural insurance system and mechanism, and giving full play to the function of agricultural insurance. (Li Tangning)