Jeonbuk Province Expands Support for Agricultural Machinery Comprehensive Insurance Premiums

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Jeonbuk Province announced on the 12th that it will increase the subsidy rate for the payment of premiums for the ‘Nonggigi Comprehensive Insurance’?which farmers subscribe to in preparation for unexpected accidents during agricultural machinery operations?by up to 25% compared to the previous year.

The Nonggigi Comprehensive Insurance is a policy insurance designed to protect farmers from economic and physical damages by subscribing to insurance against agricultural machinery safety accidents.

The eligible subscribers are farmers and agricultural corporations aged 19 or older who own or manage 12 types of insured agricultural machinery (rotavators, tractors, combines, SS sprayers, ride-on cultivators, ride-on rice transplanters, aerial sprayers, wide-area sprayers, balers, agricultural excavators, agricultural power carriers, and agricultural loaders) and are registered with agricultural management entities.

To subscribe, eligible farmers or agricultural corporations wishing to enroll can apply at their local agricultural cooperative.

Jeonbuk Province has strengthened coverage by increasing the subsidy rate for Nonggigi Comprehensive Insurance premiums from up to 75% last year to up to 80% for general farmers this year, and providing full premium support for small-scale farmers (basic livelihood security recipients and near-poverty class), ensuring no restrictions on agricultural activities.

The insurance period is one year, covering agricultural machinery damage (insured value), personal injury (up to 100 million KRW), bodily injury liability (up to 80 million KRW), property damage liability (up to 500 million KRW), and subscribers can also opt for special riders such as coverage for loaded agricultural products risk and legal expense support.

A Jeonbuk Province official stated, “Preventing agricultural machinery accidents beforehand is most important, so safety rules such as no drinking during work and wearing protective equipment must be followed,” and added, “We urge active subscription to Nonggigi Comprehensive Insurance to avoid difficulties caused by unexpected safety accidents.”

This content was produced with the assistance of AI translation services.