The State Administration for Market Regulation: Develop local advantageous specialty agricultural product insurance according to local conditions

2026-04-10 13:05:49

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People’s Financial News, April 8 — The State Administration of Financial Supervision recently issued the “Notice from the General Office of the National Financial Supervision Administration on Doing a Good Job in Financial Support for Rural Revitalization in 2026.”
It mentions enriching insurance products related to agriculture.
Strengthening insurance coverage for rice, wheat, corn, and soybeans, developing local specialty agricultural product insurance tailored to local conditions, and promoting property insurance products in the agricultural sector such as rural housing insurance, agricultural machinery insurance, and farmland insurance.
Focusing on rural populations and migrant workers, developing personal insurance products such as accident injury insurance, health insurance, and term life insurance.
Leveraging the role of agricultural insurance in disaster prevention and mitigation to help reduce agricultural production risks.
Enhancing mutual empowerment between banking and insurance institutions, supporting compliant sharing of relevant information such as agricultural insurance policies between insurance and banking institutions, and improving service quality and efficiency.
Encouraging county-level rural small and medium-sized banks and other banking institutions to standardize the agency sales of insurance products.

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