Compensation standard of wheat insurance in Henan Province

There was a large-scale continuous rainy weather in Henan, and the precipitation was highly coincident with the maturity of wheat in southern Henan, which seriously affected the normal harvest of wheat and became the most serious "rotten rain" weather in recent 10 years, which will seriously affect the wheat harvest. China's agricultural insurance has been implemented for many years, and wheat, as an important variety in agricultural insurance, is also underwritten by insurance companies. It is understood that Henan's agricultural insurance business is mainly concentrated in PICC P&C insurance, China United, Ping An Property Insurance, Zhongyuan Agricultural Insurance and other companies. Wheat insurance in Henan mainly includes total wheat insurance, total wheat cost insurance and wheat seed production insurance. Then, in the face of the impact of this bad weather on wheat in Henan, let's take a look at how wheat insurance will settle claims. The coverage of mainstream varieties has been increased to 1 10,000 yuan/mu. Henan is a major grain-producing province, accounting for more than116 of China's cultivated land,110 of grain production and/or/4 of wheat. According to the data of Henan Provincial Department of Finance, as of February 22, 2023, the wheat underwriting area in Henan Province was close to 57.04 million mu, including 56.37 million mu of full-cost insurance, 6 1.2 million mu of seed production insurance and 45,000 mu of seed production insurance, which means that the vast majority of wheat is insured. Wheat insurance has been implemented in China for many years. The first is general wheat insurance. Wheat full cost insurance is an upgraded version of ordinary wheat insurance, and it is also the most widely covered variety in Henan. Mainly for farmers and planting institutions, while wheat seed production insurance covers farmers and enterprises with a certain scale. The insurance liability of general wheat insurance refers to the irresistible natural disasters listed in the insurance contract, including heavy rain, flood, waterlogging, wind disaster, hail disaster, freezing disaster, drought, pests and diseases, rodents and other losses caused to the insured crops. The insurance liability of wheat full-price insurance: natural disasters such as rainstorm, flood, waterlogging, wind, hail, freezing, drought and earthquake; Debris flow, landslide, fire and other accidents; Damage caused by pests and rodents to insured crops. Insurance liability of wheat seed production insurance: natural disasters such as rainstorm, flood (except government flood storage and detention), waterlogging, wind, hail, freezing, dry hot wind, earthquake and drought, and accidents such as fire, explosion, debris flow and landslide. And the outbreak of sexually transmitted diseases, insects, weeds and rodents directly caused the loss of insured wheat seed production. The starting compensation standards of the three products are also clearly stipulated in the relevant provisions of the insurance company. For example, the general wheat insurance requires that the loss rate caused by natural disasters reaches 30% or more, and the loss rate caused by drought, insect pests and rodents reaches 70% or more, so you can get insurance compensation. Full-price insurance for wheat. If the loss of wheat caused by natural disasters, accidents and pests reaches more than 20% (inclusive), you can get insurance compensation. According to the requirements of wheat seed production insurance, natural disasters, accidents or outbreaks of sexually transmitted diseases, insects, weeds and rodents directly cause the yield loss of insured wheat seed production to reach more than 20% (inclusive); Continuous rain for more than three days (inclusive) after wax ripening caused losses, resulting in more than 5% (inclusive) of ear germination; Losses caused by fertility sensitivity, continuous rainfall or abnormal temperature during flowering and pollination, and seed purity below 99% (excluding) can be compensated through insurance. At present, all insurance companies participating in wheat insurance underwriting are conducting investigation and damage assessment, and wheat insurance is a state-subsidized insurance product, and the opinions of government departments have a great influence on claims, so it will take time to finalize the insurance payment standard.