The Ministry of Finance issued the “Implementation Plan on Accelerating the High-Quality Development of Agricultural Insurance”. Among them, it is proposed to improve the product supply system. Improve the agricultural insurance product supply system of “policy insurance+commercial insurance” and “basic insurance+supplementary insurance”. All regions are encouraged to design and develop relevant supplementary insurance on the basis of insurance types that actually provide basic insurance coverage, such as physical and chemical cost insurance, to form higher coverage. Encourage all regions to develop agrometeorological index insurance according to local conditions. Support insurance institutions to develop commercial agricultural insurance and develop comprehensive insurance coverage plans to facilitate farmers' insurance coverage.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.