'Insurance for paddy rice-maize' D-Day
Dr. Suthiphlon Thaveechaiyagarn, Secretary-General of the Insurance Commission (OIC) revealed that the Cabinet has approved in principle the implementation of the Rice Insurance Project for the production year 2022 as proposed by the Ministry of Finance. This is a continuation of the project from the year 2021 for farmers who grow rice in the year. have tools to manage risks from natural disasters This year, a total of 29 million rai has been set for Tier 1 and Tier 2, with the government giving support for insurance premiums. total amount 1,925,065,000 baht. In addition, the Cabinet has approved in principle the implementation of the maize insurance project for the production year 2022 as proposed by the Ministry of Finance. The total target area is Tier 1 and Tier 2 of 2.12 million rai, with the government providing support for insurance premiums. The total amount of 224,442,600 baht by the resolution of the cabinet has assigned the Office of Insurance Commission to improve the rice insurance policy and corn insurance policy. To be in accordance with the form and criteria of the project's insurance for the production year 2022, including approval of insurance policies and insurance premium rates to be completed and can start receiving insurance in the production year 2022 immediately after the Cabinet has approved the project Year of production 2022 and continue to build knowledge and understanding as well as publicize the project of the production year 2022 in an overall and proactive manner with relevant agencies.
The Office of Insurance Commission as an agency to regulate and promote insurance business has prepared and proceeded to drive the rice insurance project for the production year 2022 and the maize insurance program for the production year 2022 according to the government's policy to keep up with the growing season He as the registrar has signed to approve the form and text of the insurance policy. and insurance premium rates As for the rice insurance policy for the year of production 2022, 3 copies have been completed as follows:
1) Rice insurance policy for the year of production 2022 for the group of customers of the Bank for Agriculture and Agricultural Cooperatives (BAAC)
2) Rice insurance policy for the year of production 2022 for smallholder groups (Micro Insurance)
3) Rice insurance policy for the year of production 2022 for smallholder groups (Micro Insurance)
In addition, the three in-season rice insurance policies provide coverage for damages from 2 types of perils as follows:
Category 1 Floods or heavy rains, droughts, droughts or droughts windstorm or typhoon Cold weather or frost, hail, fire and wild elephant threats The coverage is divided into 2 parts: Part 1, basic coverage at 1,190 baht per rai, and part 2, additional coverage at 240 baht per rai.
Section 2 Pests or Epidemics The coverage is divided into 2 parts: part 1, basic coverage at 595 baht per rai, part 2, additional coverage at 120 baht per rai. Assisting disaster victims in an emergency. Therefore, farmers who are insured by purchasing both Part 1 and Part 2 coverage at the same time of Category 1 will receive total coverage of 1,430 baht per rai, and Category 2 will receive Receive total coverage at 715 baht per rai, with insurance premiums and the proportion of insurance premium subsidies as follows:
For farmers who are BAAC loan customers, will receive all premium subsidies by the government and BAAC, while general farmers and farmers who are BAAC credit customers who want to buy more insurance will pay the premium according to the risk area It will receive some premium subsidies from the government. Part 1 Basic coverage If it is a green area, there is a low risk of danger. Farmers will pay the remaining premium at 39.60 baht per rai. Yellow areas are at moderate risk. Farmers will pay the remaining premium at 139.60 baht per rai and the red areas are at high risk. Farmers will pay the remaining premium at 158.60 baht per rai for the insurance premium in part 2, incremental coverage. Farmers will pay all the premiums according to the risk area. If it is a green area, there is a low risk of danger. Pay a premium of 27 baht per rai. Yellow areas have moderate risk. Pay a premium of 60 baht per rai and red areas are high risk. Pays a premium of 110 baht per rai (excluding stamp duty and VAT) by setting the start date of insurance policy sales.
Rice, the year of production 2022, from the date of the Cabinet's resolution to approve the project by the North, Central, Isan, insurance will expire on May 31, 2022, except Tak, Kanchanaburi, Ratchaburi, Phetchaburi, Prachuap Khiri Khan. Insurance will end on June 30, 2022 and the southern region will end of insurance on December 31, 2022. Farmers can purchase insurance policies at all branches of BAAC or (purchased via BAAC INSURE application).
At the same time, he, as the registrar, has already approved the form and text of the insurance policy and the premium rate of maize for the year 2022 of the production year 2022, totaling 3 copies as follows:
1) Maize insurance policy, production year 2022 for maize planting loan customers of Bank for Agriculture and Agricultural Cooperatives (BAAC)
2) Corn insurance policy, production year 2022 for smallholder groups (Micro Insurance)
3) Corn insurance policy, production year 2022 for smallholder groups (Micro Insurance) Added by the three corn insurance policies provide protection.
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