2019 Provincial Agricultural Insurance Premium Income

As of the first quarter of 2022, ABC Life Insurance Company's total premium income exceeded RMB200 billion, maintaining profitability for eight consecutive years, and its total assets have exceeded RMB140 billion, further consolidating the company's overall strength and market position. If you are not very familiar with ABC Life, you can take a look at this article by Senior Sister: Is ABC Life Reliable?

Is ABC Life's product protection good?

In the next time, the senior sister will take you to analyze the insurance company ABC Life.

1. Strength background analysis.

ABC Life was established in Beijing in 2005 as a holding subsidiary of Agricultural Bank of China. ABC Life has set up nearly 400 branches, including 23 branches, in Beijing, Guangdong, Shanghai, Xiamen, Guangxi, Chongqing, Hunan and other places.

As a holding subsidiary of Agricultural Bank of China, ABC Life Insurance relies on Agricultural Bank of China's strong financial strength, huge business network, perfect financial services and excellent social reputation to provide consumers with insurance protection and wealth planning services, and its strength should not be underestimated.

In addition to this indicator, what other aspects can be judged from whether an insurance company is reliable, this article will tell you the answer: when we are looking at an insurance company, what do we want to look at?

2. Solvency.

Solvency is also an important indicator to measure whether an insurance company has sufficient ability to pay, and in order to be qualified, these three conditions must be met at the same time

Core solvency adequacy ratio of 50%;

Comprehensive solvency adequacy ratio of 100%;

The overall risk rating is B.

The above three requirements must be met at the same time for the solvency of the insurance company to be considered to be met.

In the first quarter of 2022, ABC Life's core solvency adequacy ratio and comprehensive solvency adequacy ratio reached respectively, and the comprehensive risk rating in the latest quarter was Class A, which means that ABC Life is completely a solvency compliant insurance company and is trustworthy!

However, it is not enough to understand the insurance company, but also to analyze the coverage and protection strength of the insurance product in detail, and choose the most suitable insurance product for yourself. Many people will suffer losses in the purchase of products, so the senior sister will teach you a few tricks to prevent pits: [insurance] which is good, how to buy a good deal, and teach you to avoid these pitfalls of insurance.

You can call 95519 for manual service to inquire about the insurance liability of the policy. You can look at the cash value table in the contract, and you can refund as much as the cash value for the first year.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Article 2 of the 2012 Agricultural Insurance Regulations stipulates that: "The term "agricultural insurance" in these Regulations refers to the insurance activities in which the insurance company bears the liability for compensating for the property losses caused by natural disasters, accidents, epidemics or diseases suffered by the insured due to the agreed natural disasters, accidents, epidemics or diseases in the course of agricultural production in accordance with the agricultural insurance contract. The term "agriculture" as used in these Regulations refers to industries such as crop farming, forestry, animal husbandry, and fishery.

Agricultural insurance is a common practice in countries with a market economy to support agricultural development. Through policy-based agricultural insurance, it can be in the world.

Agricultural insurance. To the extent permitted by the WTO rules, we should replace direct subsidies to provide reasonable and effective protection for China's agriculture, reduce the impact of WTO accession, reduce the impact of natural disasters on agricultural production, stabilize peasant incomes, and promote the development of agriculture and the rural economy. In China, agricultural insurance is an important part of solving the "three rural" problems.

In 2007, the state allocated 1 billion yuan of special subsidy funds to subsidize the insurance of five major types of grain crops in six provinces and autonomous regions through the support of local financial funds, so as to actively provide guarantees for safe agricultural production. This measure has effectively changed the external environment of agricultural insurance operations, and agricultural insurance has shown a good momentum of rapid development, and the national agricultural insurance has achieved a premium income of 100 million yuan that year.

In 2008, the state steadily expanded the scope of policy-based agricultural insurance pilots, increased policy support for the production of grain, oilseeds, pigs and dairy cows, and supported the development of policy-based insurance for major grain crops. Analyzing the situation of agricultural policy, it can be found that strengthening the basic position of agriculture and continuing to increase the intensity of supporting agriculture and benefiting farmers will be a long-term national policy for a period of time in the future, and agricultural insurance, as an integral part of it, is ushering in a great opportunity for development.

According to the 2019 implementation plan for the premium subsidy of agricultural insurance, the Ministry of Finance will provide premium subsidies to eligible agricultural insurance participants. Among them, for farmers who participate in agricultural planting insurance, the first financial subsidy planting insurance cost per mu does not exceed 10 yuan; For farmers participating in agricultural disaster insurance, the financial subsidy does not exceed 15 yuan per head; Farmers who participate in agricultural planting insurance and agricultural disaster insurance shall be subsidized according to regulations. At the same time, if the agricultural insurance insured households pay the insurance premiums in a timely manner, they will also be provided with corresponding preferential policies and service support.

This policy aims to further improve the risk protection capacity of agricultural production and promote the development of the rural economy.

After years of development, China's agricultural insurance has gradually matured. In order to further promote the development of agricultural insurance, the first financial department will continue to carry out the subsidy of agricultural insurance premiums in 2019. Specifically, in 2019, the first finance will carry forward the total amount of agricultural insurance premiums subsidized by the national financial subsidies (including local subsidies) in 2018, and give financial subsidies according to no more than 50% of the national financial subsidy standards in 2018, and carry out a new round of agricultural insurance premium subsidies.

In addition, in order to implement the important spirit of protecting the rights and interests of farmers, the Ministry of Finance will also strengthen the summary and release of agricultural insurance compensation standards, formulate operational specifications for agricultural insurance claims, and protect the legitimate rights and interests of farmers. Overall, the financial subsidy of agricultural insurance premiums will further promote the development of agricultural insurance, improve the anti-risk ability of agricultural production, protect the legitimate rights and interests of farmers, and realize agricultural modernization and rural revitalization.

In addition to the work-related injury medical treatment and the salary and benefits during the suspension period, the main compensation for the injured employee is as follows:

1. A one-time disability subsidy paid by work-related injury insurance** is 7 months' salary;

2. When the labor relationship is dissolved or terminated, the work-related injury insurance** shall pay a one-time medical subsidy for work-related injuries, and the unit shall pay a one-time employment subsidy, and the specific standards shall be in accordance with the provisions of the province, municipality directly under the Central Government and autonomous region.

If the employer does not participate in the work-related injury insurance, the above expenses shall be paid by the employer.

Basis. Regulations on Work-related Injury Insurance

Article 37 Employees who are identified as having a disability of grade 7 to 10 due to work-related disability shall enjoy the following benefits:

1) A one-time disability subsidy shall be paid according to the level of disability from the work-related injury insurance, and the standard is: 13 months' salary for grade 7 disability, 11 months' salary for grade 8 disability, 9 months' salary for grade 9 Yinliang disability, and 7 months' salary for grade 10 disability;

2) If the labor or employment contract is terminated upon expiration, or the employee himself or herself proposes to terminate the labor or employment contract, the work-related injury insurance shall pay a one-time medical subsidy for work-related injuries, and the employer shall pay a one-time disability employment subsidy. The specific standards for one-time medical subsidies for work-related injuries and one-time employment subsidies for disability shall be prescribed by the people of provinces, autonomous regions and municipalities directly under the Central Government.