The current insurance system in the AIC
Insurance of production risks in crop growing is arranged on a voluntary basis. The availability of subsidies, the list of regions and crops, the deadlines for applications and the parameters of cover must be checked on the date you apply.
Crop insurance
Crop insurance is an alternative form of insurance in which payments are made not on the basis of an assessment of the individual damage caused to the object of insurance (the crop or the agricultural producer's income) but on the basis of the behaviour of a specially constructed index.
Index-based crop insurance
conclusion of an insurance contract on the following terms:
- the insurance rate is from 2.43% to 4.8%;
- European reinsurance of the risks;
- use of data from European space satellites;
The proposed index is the SMI (soil moisture index). The main advantages of this insurance product are: a simple, uniform methodology;
- a standardized and transparent structure of the insurance contract;
- international reinsurance of the risks (top 5 in the world ranking);
- elimination of the administrative costs of the insurer and the policyholder (online);
- the occurrence of an insured event is recorded on the basis of an independent source of information (Earth remote sensing data and the web service from VanderSat);
- no human factor in the risk (weather index);
- data are received and processed even in cloudy weather (passive microwave radars on European satellites);
Livestock insurance
Horse insurance
An insured event under this Contract is an event that has the features of probability and fortuity and is expressed in the death, forced slaughter or loss of the insured animals solely as a result of:
INFECTIOUS DISEASES;
INVASIVE (PARASITIC) DISEASES;
NON-COMMUNICABLE DISEASES – (diseases caused by various injuries and diseases of the internal organs.
ACCIDENT: explosion, lightning strike, electric current, sunstroke or heatstroke, hypothermia, suffocation (asphyxia), attacks by wild animals, poisoning by poisonous herbs or substances, snake or insect bites, and also where the animal has drowned, fallen into a gorge or received other traumatic injuries incompatible with life.
DANGEROUS NATURAL PHENOMENA AND (OR) NATURAL DISASTERS: flood, inundation, flooding, high water, spring flood, tsunami, mudflow, avalanche (including snow avalanches), landslide, rockfall; whirlwind, hurricane, cyclone (typhoon), storm, tornado, squall, hail. FIRE.
MALICIOUS ACTS OF THIRD PARTIES: intentional destruction or damage of another's property (including by arson); hooliganism; theft with unlawful entry (into places of keeping, pasturing, exercising); robbery; armed robbery (brigandage). Seizure of animals in accordance with the "Rules for the compulsory seizure and destruction of animals, products and raw materials of animal origin that pose a danger to the health of animals and humans, or for their compulsory neutralization (decontamination) and processing without seizure", approved by Order No. 7-1/559 of the Minister of Agriculture of the Republic of Kazakhstan of 30 October 2014, on registration of an outbreak of a particularly dangerous animal disease, WITHIN THE INSURANCE TERRITORY.
Deductible
In the amount of the average insured value of 1 head of the animals for which damage is claimed
Insurance rate - 6.46%
Sum insured - the book value of the animal
Cattle insurance
An insured event under this Contract is an event that has the features of probability and fortuity and is expressed in the death, forced slaughter or loss of the insured animals solely as a result of:
1. INFECTIOUS DISEASES;
2. INVASIVE (PARASITIC) DISEASES;
3. NON-COMMUNICABLE DISEASES – (diseases caused by various injuries and diseases of the internal organs.
4. ACCIDENT: explosion, lightning strike, electric current, sunstroke or heatstroke, hypothermia, suffocation (asphyxia), attacks by wild animals, poisoning by poisonous herbs or substances, snake or insect bites, and also where the animal has drowned, fallen into a gorge or received other traumatic injuries incompatible with life.
5. DANGEROUS NATURAL PHENOMENA AND (OR) NATURAL DISASTERS: - flood, inundation, flooding, high water, spring flood, tsunami, mudflow, avalanche (including snow avalanches), landslide, rockfall; - whirlwind, hurricane, cyclone (typhoon), storm, tornado, squall, hail.
6. FIRE.
7. MALICIOUS ACTS OF THIRD PARTIES: - intentional destruction or damage of another's property (including by arson); - hooliganism; - theft with unlawful entry (into places of keeping, pasturing, exercising); - robbery; - armed robbery (brigandage). Seizure of animals in accordance with the "Rules for the compulsory seizure and destruction of animals, products and raw materials of animal origin that pose a danger to the health of animals and humans, or for their compulsory neutralization (decontamination) and processing without seizure", approved by Order No. 7-1/559 of the Minister of Agriculture of the Republic of Kazakhstan of 30 October 2014, on registration of an outbreak of a particularly dangerous animal disease, OUTSIDE THE INSURANCE TERRITORY WITHIN A RADIUS OF UP TO 5 KM.
Deductible
In the amount of the average insured value of 1 head of the animals for which damage is claimed
Insurance rate - 4.62%
Sum insured - the book value of the animal
Small ruminant (sheep and goat) insurance
An insured event under this Contract is an event that has the features of probability and fortuity and is expressed in the death, forced slaughter or loss of the insured animals solely as a result of:
INFECTIOUS DISEASES;
INVASIVE (PARASITIC) DISEASES;
NON-COMMUNICABLE DISEASES – (diseases caused by various injuries and diseases of the internal organs.
ACCIDENT: explosion, lightning strike, electric current, sunstroke or heatstroke, hypothermia, suffocation (asphyxia), attacks by wild animals, poisoning by poisonous herbs or substances, snake or insect bites, and also where the animal has drowned, fallen into a gorge or received other traumatic injuries incompatible with life.
DANGEROUS NATURAL PHENOMENA AND (OR) NATURAL DISASTERS: flood, inundation, flooding, high water, spring flood, tsunami, mudflow, avalanche (including snow avalanches), landslide, rockfall; whirlwind, hurricane, cyclone (typhoon), storm, tornado, squall, hail.
FIRE. MALICIOUS ACTS OF THIRD PARTIES: intentional destruction or damage of another's property (including by arson); hooliganism; theft with unlawful entry (into places of keeping, pasturing, exercising); robbery; armed robbery (brigandage). Seizure of animals in accordance with the "Rules for the compulsory seizure and destruction of animals, products and raw materials of animal origin that pose a danger to the health of animals and humans, or for their compulsory neutralization (decontamination) and processing without seizure", approved by Order No. 7-1/559 of the Minister of Agriculture of the Republic of Kazakhstan of 30 October 2014, on registration of an outbreak of a particularly dangerous animal disease, WITHIN THE INSURANCE TERRITORY.
Deductible
In the amount of the average insured value of 1 head of the animals for which damage is claimed
Rate - 6.16%
Sum insured - the book value of the animal
Poultry insurance
An insured event under this Contract is an event that has the features of probability and fortuity and is expressed in the death, forced slaughter or loss of the insured animals solely as a result of:
INFECTIOUS DISEASES;
INVASIVE (PARASITIC) DISEASES;
NON-COMMUNICABLE DISEASES – (diseases caused by various injuries and diseases of the internal organs.
ACCIDENT: explosion, lightning strike, electric current, sunstroke or heatstroke, hypothermia, suffocation (asphyxia), attacks by wild animals, poisoning by poisonous herbs or substances, snake or insect bites, and also where the animal has drowned, fallen into a gorge or received other traumatic injuries incompatible with life.
DANGEROUS NATURAL PHENOMENA AND (OR) NATURAL DISASTERS: flood, inundation, flooding, high water, spring flood, tsunami, mudflow, avalanche (including snow avalanches), landslide, rockfall; whirlwind, hurricane, cyclone (typhoon), storm, tornado, squall, hail.
FIRE. MALICIOUS ACTS OF THIRD PARTIES: intentional destruction or damage of another's property (including by arson); hooliganism; theft with unlawful entry (into places of keeping, pasturing, exercising); robbery; armed robbery (brigandage). Seizure of animals in accordance with the "Rules for the compulsory seizure and destruction of animals, products and raw materials of animal origin that pose a danger to the health of animals and humans, or for their compulsory neutralization (decontamination) and processing without seizure", approved by Order No. 7-1/559 of the Minister of Agriculture of the Republic of Kazakhstan of 30 October 2014, on registration of an outbreak of a particularly dangerous animal disease.
In the amount of the average insured value of 1 head of the animals for which damage is claimed
Rate - 2.77%
Sum insured - the book value of the animal
What to check in the cover
- the period of protection;
- the threshold for the occurrence of an insured event;
- the source of meteorological or satellite data;
- the list of crops and fields;
- the exclusions and the farm's obligations.
Documents for arranging cover
Prepare information about the farm, the fields, the sown area, the crops, the sowing dates, the cultivation technology and the yield history. Additional requirements may apply to a subsidized programme.
What to do when an insured event occurs
Notify the insurer within the set time, keep the documents on the crops and on agronomic operations, and ensure that an inspection is possible. The procedure for determining the loss depends on the product chosen.
This material is for information only. The terms of subsidies and insurance may change.