China Life(601628) 中国金融信息网·2025-04-09 08:07Core Viewpoint - The implementation of the agricultural catastrophe weather index insurance in Tian Deng County, Guangxi, aims to provide financial protection against losses caused by drought and heavy rainfall, with a total risk coverage of 6 million yuan for 13 townships [1][2]. Group 1: Insurance Product Development - China Life Property & Casualty Insurance Guangxi Branch has developed a local government-subsidized agricultural catastrophe weather index insurance to address the challenges posed by natural disasters on grain production in Tian Deng County [2]. - This innovative insurance product utilizes weather indices based on meteorological factors such as temperature and precipitation to determine compensation for disaster losses, moving away from traditional crop-specific insurance [2]. Group 2: Benefits and Features - The weather index insurance offers a transparent and objective basis for claims, relying on authoritative meteorological data, which simplifies the claims process and speeds up compensation [2]. - In the event of agricultural meteorological disasters like heavy rainfall or drought, the insurance automatically triggers compensation for related agricultural disaster relief and recovery costs as per the insurance contract [2]. Group 3: Future Plans - The company plans to continue innovating and promoting local policy-oriented agricultural insurance products, enhancing service quality, and meeting the diverse insurance needs of agricultural production [3]. - The focus will be on accumulating underwriting experience and playing a stabilizing role in supporting rural revitalization efforts [3].