China Banking and Insurance Regulatory Commission: Strengthen insurance coverage for rice, wheat, corn, and soybeans, develop insurance for locally advantageous specialty agricultural products according to local conditions, and promote property insurance products in the agricultural field such as rural housing insurance, agricultural machinery insurance, and farmland insurance.
The China Banking and Insurance Regulatory Commission issued the "Notice on Improving Financial Support for Comprehensive Rural Revitalization in 2026". The notice requires enriching agricultural insurance products and services. It emphasizes strengthening insurance coverage for rice, wheat, corn, and soybeans, developing insurance for local specialty agricultural products according to local conditions, and promoting property insurance products in the agricultural field such as agricultural housing insurance, agricultural machinery insurance, and agricultural field insurance. It also focuses on developing personal insurance products such as accident insurance, health insurance, and term life insurance for rural populations and migrating rural residents. It highlights the role of agricultural insurance in disaster prevention and reduction, helping to reduce risks in agricultural production. It advocates for mutual empowerment between banking and insurance institutions, supporting the sharing of agricultural insurance policies and information between insurance and banking institutions to improve service quality and efficiency. It encourages small and medium-sized rural banks and other banking institutions in counties to standardize the sale of insurance products.
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