Is there any relationship between wheat insurance and wheat subsidies (do I have to pay insurance to receive subsidies)?

The relationship between wheat insurance and wheat subsidies

Wheat insurance has nothing to do with wheat subsidies. "Agricultural insurance" is a policy launched by the state to benefit farmers, in order to help insured people get financial compensation and reduce losses when crops are damaged.

Wheat subsidies are a subsidy for farmers, which is intended to increase farmers' income and motivate them to grow grain. Both policies are good things and are not related to each other.

Wheat subsidies require insurance to be paid

Farmers can receive wheat subsidies without paying for wheat insurance, because wheat insurance is an insurance claim relationship. That is, if wheat is damaged after the insurance is taken out, the insurance company will provide compensation. It is a voluntary act of farmers.

The wheat subsidy policy is a national policy to benefit farmers, a fiscal subsidy policy, and an incentive policy given by the state to wheat growers. The two are not related at all, and not paying wheat insurance will not affect the wheat subsidy.

Features of wheat insurance

Insurance standards and insurance amounts

The wheat insurance premium is 20 yuan/mu , the insurance amount is 500 yuan/mu , and farmers pay 4 yuan/mu . The general wheat claims end time is August 30 .

Insurance liability

During the insurance period, if the following reasons directly cause losses to the insured wheat, corn, and peanuts, and the loss rate reaches the agreed ratio, the county PICC Property and Casualty Insurance Company shall be responsible for compensation in accordance with the provisions of the insurance contract:

(1) The direct loss rate caused by rainstorm, flood (except for government flood storage), wind disaster, hail disaster, low temperature frost damage, heat damage, etc. is 20% (inclusive) or above;

(2) Drought, epidemic or outbreak of pests, diseases, weeds or rodents, where the loss rate per village is 30% or above; (3) Accidents such as earthquakes, mud-rock flows, landslides and fires, based on the actual area where they occurred.

Compensation Processing

The county PICC Property & Casualty Insurance Company calculates the compensation for wheat insurance based on the insurance amount, the insurance amount and the loss rate during the wheat growth stage. The maximum compensation standard per mu is: from wintering period to before heading, the insurance amount per mu × 60%; from heading period to maturity, the insurance amount per mu × 100%.

Insurance period

Wheat insurance starts from the time the insured wheat sprouts and ends when it matures and is harvested. The specific insurance liability period shall be based on the period signed in the insurance contract.