Hainan Rubber increases insurance coverage to 1.73bn yuan

Hainan Rubber Industry Group has signed a supplementary agreement revising its 2025 rubber income insurance policy terms following notification from Hainan Provincial authorities.

The revised terms increase the fair price to 17,000 yuan per metric ton from 15,000 yuan previously. Total insurance coverage rises to 1.73bn yuan from 1.53bn yuan, while the premium rate drops to 13.24% from 15%.

The company will pay an additional 16,320 yuan under the revised agreement.