Xin Lang Cai Jing·2026-03-24 11:50Core Viewpoint - The introduction of the "Comprehensive Cattle Insurance+" by China Pacific Insurance in Jilin Province provides a multi-layered safety net for cattle farmers, addressing various risks and facilitating financing options for livestock operations [1][6]. Group 1: Insurance Product Overview - "Comprehensive Cattle Insurance+" includes eight innovative products such as supplementary insurance, medical insurance, price insurance, harmless treatment insurance, and observation period supplementary insurance, forming a comprehensive insurance system for cattle farming [1][6]. - The insurance model allows cattle farmers to use insurance policies as collateral for bank loans, transforming live cattle into financial assets [2][8]. Group 2: Financing Solutions - The insurance model has enabled farmers to increase their loan amounts significantly, with coverage per cattle rising from 12,000 yuan to 20,000 yuan, allowing banks to lend 70%-80% of the insured value [2][9]. - In 2025, the insurance company plans to provide live collateral loans for 1245 farmers covering 90,200 cattle, securing over 820 million yuan in credit support [1][6]. Group 3: Risk Management - The insurance products are designed to mitigate various risks, including market price fluctuations and health-related issues, thereby enhancing the resilience of cattle farming operations [4][11]. - The introduction of target price insurance compensates farmers when market prices fall below insured levels, while medical insurance covers treatment costs for diseases [11][12]. Group 4: Environmental and Operational Benefits - The harmless treatment insurance has facilitated the one-stop processing of deceased cattle, ensuring environmental protection and resolving disputes, with over 110 million yuan paid out to nearly 10,000 farmers [5][11]. - The observation period supplementary insurance addresses gaps in coverage during the disease observation period, providing additional security for farmers [11][12]. Group 5: Future Plans - The insurance company aims to replicate and promote the "Comprehensive Cattle Insurance+" model across Jilin and other regions, enhancing product offerings and deepening cooperation with financial institutions to support stable cattle production [12].