Pig Insurance (Regular Coverage) and Pig Insurance (Extended Coverage) products have been approved.

Insurance products in the industry are multi-risk, covering risks such as infectious and especially dangerous diseases, fire, malicious actions of third parties, dangerous natural or natural phenomena, as well as accidents - explosion, lightning strike, suffocation, animal attacks, snake or insect bites , traumatic injuries incompatible with life and others.

With these products, farmers can insure their livestock against risks on their farm (regular coverage), as well as on neighboring farms within a 5 km radius (extended coverage).

At least 30 heads are subject to insurance both on the territory of one’s own farm - regular coverage, and also on the territory of neighboring farms within a radius of 5 km - extended coverage)

Pig Insurance (Regular Coverage)

depending on the number of insured livestock (from 30 heads and above), the insurance rate ranges from 4.46 to 4.31% of the total insured amount. Insurance payment up to 100% of the insured amount minus a deductible of up to 2% and the amount of payments for mandatory seizure and destruction of animals1.

Pig Insurance (Extended Coverage)

depending on the number of insured livestock (from 30 heads and above), the insurance rate ranges from 9.85 to 8.62% of the total insured amount. Insurance payment up to 100% of the insured amount minus a deductible of up to 2% and the amount of payments for mandatory seizure and destruction of animals

Insurance is available to agricultural producers in all regions of the Republic of Kazakhstan. It should be noted that these insurance programs also provide government support in the form of subsidizing 80% of the insurance premium, that is, the farmer pays only 20% of the cost of the insurance policy.

Insurance products for pig farming were introduced by the insurance company JSC IC Jusan Garant, which has a license from the Agency of the Republic of Kazakhstan for the Regulation and Development of Financial Markets. The international reinsurance company Swiss Re with an “A” rating on the global insurance market has been involved in the system. The company will reinsure risks assumed by domestic insurance companies. This will ensure guaranteed payments in the event of insurance risks.

All procedures, from concluding an agreement to payments, are carried out online on the Agroinsurance information service, hosted on the Kezekte.kz platform based on the electronic digital signature of agricultural insurance participants.

Let us remind you that the insurance operator in the agro-industrial complex is a subsidiary of the Baiterek Holding - Agrarian Credit Corporation JSC.