Zheng Quan Ri Bao Zhi Sheng·2025-05-15 09:17Core Viewpoint - The high-standard farmland management insurance provided by China Life Property & Casualty effectively addresses the maintenance and repair issues of agricultural facilities, ensuring timely support for farmers during critical periods like spring plowing [1][3][5]. Group 1: Insurance Mechanism - The high-standard farmland management insurance covers damages caused by natural disasters such as storms, heavy snow, lightning, heavy rain, and floods, as well as mechanical damage, electrical accidents, technical risks, and human errors [3][5]. - In 2023, the insurance was implemented for 42,000 acres of high-standard farmland, transferring risks associated with natural disasters and accidents amounting to 306 million yuan [5][6]. Group 2: Operational Efficiency - Since the beginning of 2023, China Life Property & Casualty has repaired and compensated for damages to 23 agricultural facilities, significantly enhancing their operational efficiency and lifespan [6]. - The insurance program is funded by the local government through project surplus funds and management fees, leveraging a three-pronged approach of pre-assessment, preventive measures, and post-compensation to ensure the safety and effective operation of agricultural water conservancy facilities [6]. Group 3: Future Plans - The local agricultural bureau plans to expand the insurance coverage to include all high-standard farmland facilities that have been delivered, further strengthening the safety net for food security [6].