The crop insurance system is being reinstated in Kyrgyzstan. The State Insurance Association has introduced a new product aimed at protecting agricultural enterprises and farms from damage caused by natural factors.
Participation Terms and Risk Coverage
The pilot project will cover farms in three regions of the country. To participate in the program, farmers must have at least 2 hectares of land available for insurance. Farmers can independently choose their level of protection, determining what percentage of the base yield they wish to insure.
Insurance Parameters
The list of covered risks depends on the type of crop. For winter wheat, protection is provided against severe frosts, heavy snowfall, ice crust formation, and plant rot. Spring crops will be protected against drought, hail, strong winds, heavy rain, mudflows, floods, and late spring frosts.
Payout Procedure
In the event of an insured loss, specialists from the State Insurance Association will conduct an on-site inspection directly in the fields to assess the condition of the crops and record the damage.
Context
The pilot launch of the program is planned for the Chui, Osh, and Issyk-Kul regions. These regions are vital agricultural zones of the republic.
