Core Viewpoint - The introduction of a new fruit income insurance product by China Life Property & Casualty Insurance Qingdao Branch provides dual protection for fruit farmers against both yield losses due to natural disasters and income losses from market price declines [1][2]. Group 1: Product Features - The total insurance coverage for the fruit income insurance product is 1.49 million yuan, transitioning from "cost protection" to "income protection" [1]. - The insurance covers risks from natural disasters (such as hail, drought, and floods), accidents, and pest damage, ensuring compensation when actual income falls below the target income specified in the insurance contract [1]. Group 2: Collaborative Model - The successful implementation of this innovative insurance scheme is attributed to the collaboration among banks, insurance companies, and enterprises, creating a multi-dimensional risk protection and financing support model for the fruit industry [2]. - Shandong Rugong Agricultural Service Co., Ltd. provides support in selection, cultivation, management, and sales, while also supplying reliable yield and market price data during the insurance period [2]. - Qingdao Rural Commercial Bank offers financing services, allowing farmers to use the insurance policy as collateral for loans, enhancing their repayment capacity [2]. Group 3: Future Outlook - The company aims to continuously innovate its products and services to meet the diverse protection needs of farmers, thereby supporting high-quality agricultural development and stable income growth for farmers [2].

Group 1 - The core issue of "high yield but low income" faced by fruit growers in Qingdao Laixi has been addressed through a new financial service model that includes a fruit income insurance product [1][2] - The newly launched fruit income insurance by China Life Property & Casualty Insurance Qingdao Branch provides dual protection for farmers by covering both production loss due to natural disasters and income loss from market price declines [1][2] - The total insured amount for the fruit income insurance reaches 1.49 million yuan, covering various risks such as natural disasters, accidents, and pest damage that may lead to reduced fruit yield or market price drops [2] Group 2 - The successful implementation of this innovative insurance scheme is a result of collaboration among China Life Property & Casualty Insurance Qingdao Branch, Shandong Rugong Agricultural Service Ecological Technology Company, and Qingdao Rural Commercial Bank, creating a comprehensive risk management and financing support model [2] - The partnership provides farmers with support throughout the entire process from planting to management and sales, along with financing services that enhance their repayment capabilities through policy pledges [2] - As a branch of a financial central enterprise, the mission of China Life Property & Casualty Insurance Qingdao Branch is to support national food security and the development of specialty agricultural products, aligning with the country's policy direction for rural revitalization [3]