RAISING THE SUPPORT OF INSURANCE PREMIUMS UP TO 90%
This is the content regulated under the Decision No. 358/QD-TTg dated February 27, 2013 of the Prime Minister on amending and supplementing a number of articles of the Decision No. 315/QD-TTg, dated March 01, 2011 of the Prime Minister on the pilot provision of agricultural insurance during 2011- 2013.
Under this Decision, the Prime Minister decides to raise the insurance premiums for farmer households and farmers living just above the poverty line that participate in agricultural insurance up to 90% (the previous regulation is 80%). Other subjects producing agriculture that participate in agricultural insurance still enjoy as prescribed under the previous regulation. Specifically, supporting 100% of insurance premiums for poor farmer households and individuals; 60% of insurance premiums for farmer households, individuals living just above the poverty line; 20% of insurance premiums for agricultural production organizations…
Besides, farmer households, farmers, organizations that participate in agricultural insurance for domestic animals according to this Decision still are enjoyed support mechanisms and policies under the Decision No. 719/QD-TTg, of June 05, 2008, of the Prime Minister on the support policy for prevention, combat of epidemic disease of cattle, poultry; Decision No. 142/2009/QD-TTg, of December 31, 2009, of the Prime Minister on mechanism, policies of support of plant varieties, livestock, fisheries for production restoration of areas damaged by natural disasters, epidemics.
Based on the actual insurance compensation level, the President of the People’s Committee of provinces, cities in pilot localities shall decide the specific level to directly support for farmer households, farmers, organizations, ensuring total of insurance compensation levels and direct support levels in principle not exceeding the economic value of domestic animals at time of domestic animal damage.
This Decision takes effect on the signing date.