The Agrarian Credit Corporation informs about the insurance payment for the first phase of the crop insurance product against excess soil moisture in 2024.
The two-phase insurance product covers the risk based on excess soil moisture during the harvesting period of grain and oilseed crops. This year, 48 agricultural producers insured 126 thousand hectares of crop areas under the index insurance product of excess soil moisture (2-phase).
The insurance rate for the product was 3% of the insured amount.
The insurance coverage period for the first phase lasts from August 15 to September 14, for the second phase - from September 15 to October 14, 2024. The maximum insurance payment for the product is 21%.
According to space monitoring data, during the insurance coverage period, moderate, significant and strong excess soil moisture was recorded in the insurance territory over an area of 105 thousand hectares. As a result of the insured event, insurance companies, in accordance with the terms of the insurance contract, will pay 40 agricultural producers an insurance amount of 628 million tenge.
We remind you that the entire insurance process, from concluding an insurance contract to receiving an insurance payment, is carried out online in the Agroinsurance insurance system, located on the Kezekte.kz platform. To access this system, agricultural producers must have an electronic digital signature.