Core Viewpoint - China Life Property & Casualty Insurance Guangxi Branch is actively supporting the rural revitalization strategy by enhancing its agricultural insurance product system and providing significant risk protection to farmers, thereby contributing to the agricultural sector's stability and growth [1][2][3]. Group 1: Agricultural Insurance Products - The company has successfully implemented a local policy-based agricultural catastrophe weather index insurance in Tian Deng County, providing a total risk coverage of 6 million yuan for losses due to drought and heavy rainfall across 13 townships [2][5]. - In January, the first compensation payment for the target price insurance of star anise was made, amounting to over 8.36 million yuan, marking the largest single compensation in Yulin City for agricultural insurance [4][7]. - The introduction of target price insurance mechanisms ensures that farmers can maintain basic income levels despite market price fluctuations, significantly boosting their production confidence [7]. Group 2: Support for Farmers and Local Economy - The company provided risk protection to over 14,600 farming households, with total risk coverage exceeding 7.647 billion yuan and compensation payments surpassing 58 million yuan in the first quarter of 2025 [1]. - The Guangxi Branch has engaged in consumption assistance activities, purchasing 488 free-range yellow tangerine chickens from Dongyi Village to help expand sales channels for local agricultural products [8][10]. - The company has been actively involved in community service initiatives, including environmental clean-up and health outreach programs, to enhance local residents' satisfaction and support rural development [10]. Group 3: Future Plans and Innovations - The company plans to continue innovating agricultural insurance products and service models to improve the level of agricultural insurance protection and contribute to high-quality local economic development [10].

Core 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].