YEREVAN, October 29. /ARKA/. As of October 1, 2021, about 305 million drams were paid in compensation claims to holders of 1,440 agricultural insurance policies in Armenia, the Ministry of Economy reported.

It said in general, in 2021, about 4,300 agricultural insurance contracts were concluded against 1,546 a year earlier.

A pilot agricultural insurance program was launched d in Armenia on September 30, 2019 covering two crops - grapes and apricots. Later peaches, apples, barley / wheat, potatoes, plums, watermelon / melon were added to them. Insurance contracts for the main crops (against frost, hail and fire) are concluded in almost all regions of Armenia.

The amount of insurance compensation claims depend on 5 risk zones; about 50-60% of payments are subsidized. Farmers can conclude insurance contracts with Ingo Armenia, Rosgosstrakh-Armenia and SIL Insurance companies. ($1 - 477.8 drams). --0--