Three departments organize and implement the insurance compensation work for major technical equipment in 2025

According to the Zhitong Finance APP, on September 10, the General Office of the Ministry of Industry and Information Technology, the General Office of the Ministry of Finance, and the General Office of the Financial Regulatory Bureau issued the "Notice on Organizing and Implementing the Insurance Compensation Policy for Major Technical Equipment for the First Set in 2025," organizing the qualification review and funding application work for the 2025 insurance compensation policy. The support scope includes all fields of the "Guidance Catalog for the Promotion and Application of Major Technical Equipment for the First Set (2024 Edition)."

Whole equipment is generally supported based on the number of sets; core systems, key components, and key supporting and basic parts of major technical equipment are generally supported based on batch numbers. Among them, high-end industrial mother machines, electronic special equipment, new agricultural machinery equipment, precision instruments and meters, and other whole equipment with low single set value can be supported based on batch numbers; core systems and key components with high single piece value, such as aircraft engines and ship engines, can be supported based on the number of sets.

Original text as follows:

General Office of the Ministry of Industry and Information Technology, General Office of the Ministry of Finance, General Office of the Financial Regulatory Bureau

Notice on Organizing and Implementing the Insurance Compensation Policy for Major Technical Equipment for the First Set in 2025

Gongxin Ting Lian Zhong Zhuang [2025] No. 46

To the industrial and information technology and finance authorities of all provinces, autonomous regions, municipalities directly under the Central Government, and the Xinjiang Production and Construction Corps, all financial regulatory bureaus, and relevant central enterprises:

In accordance with the "Opinions on Further Improving the Insurance Compensation Policy for the First Batch of New Materials for Major Technical Equipment for the First Set" (Gongxin Bu Lian Zhong Zhuang [2024] No. 89) and the "Implementation Rules (Trial) for the Insurance Compensation Policy for the First Batch of New Materials for Major Technical Equipment for the First Set" (Gongxin Ting Lian Zhong Zhuang [2024] No. 64), the qualification review and funding application work for the 2025 insurance compensation policy is now organized. The relevant matters are notified as follows:

I. Support Scope

The support scope of the insurance compensation policy for major technical equipment for the first set in 2025 includes all fields of the "Guidance Catalog for the Promotion and Application of Major Technical Equipment for the First Set (2024 Edition)" (hereinafter referred to as the "Catalog"). Whole equipment is generally supported based on the number of sets; core systems, key components, and key supporting and basic parts of major technical equipment are generally supported based on batch numbers. Among them, high-end industrial mother machines, electronic special equipment, new agricultural machinery equipment, precision instruments and meters, and other whole equipment with low single set value can be supported based on batch numbers; core systems and key components with high single piece value, such as aircraft engines and ship engines, can be supported based on the number of sets.

II. Work Procedure

(1) Qualification Review

Enterprise Declaration. Manufacturing enterprises producing major technical equipment listed in the "Catalog" shall submit application materials to the local industrial and information technology authorities or affiliated central enterprise groups as required.

Recommendation Unit Review. Local industrial and information technology authorities and central enterprise groups shall conduct qualification reviews for enterprises in their region or group as required, focusing on the completeness and validity of the application materials, compliance of product technical parameters, and rationality of value, and form review opinions to be submitted to the Ministry of Industry and Information Technology Department Review. The Ministry of Industry and Information Technology entrusts a third-party organization to review the insurance compensation qualifications for the first set of major technical equipment and determines the premium subsidy amount based on a certain percentage of the equipment value, with a validity period of 5 years.

(2) Funding Application

Enterprise Application. After passing the qualification review, within the validity period of the premium subsidy amount, after completing the manufacturing, delivery, insurance, and full premium payment of the equipment, the equipment manufacturing enterprise shall submit application materials to the local industrial and information technology department, financial authority, financial regulatory bureau, and the affiliated central enterprise group as required.

Recommendation Unit Review. Local industrial and information technology authorities, in conjunction with local financial authorities and financial regulatory bureaus, will organize the review. The central enterprise group, together with the financial regulatory bureau where the underwriting unit is located, will organize the review, examining the authenticity and consistency of the materials, focusing on compliance with related party transactions and insurance premium rate usage, forming review opinions to be submitted to the Ministry of Industry and Information Technology and the National Financial Regulatory Administration.

Department Review. The Ministry of Industry and Information Technology, together with the National Financial Regulatory Administration, entrusts a third-party organization to review the funding application for the insurance compensation policy for the first set of major technical equipment. For qualifying insured enterprises, a subsidy of no more than 80% of the actual premium paid will be granted.

3. Other Requirements

(1) Equipment manufacturing enterprises must strictly comply with relevant national laws and regulations, strengthen business control, and ensure that materials are true, complete, effective, and accurate. Those who defraud insurance compensation qualifications and funds by providing false materials will not be allowed to apply for relevant projects from the Ministry of Industry and Information Technology for 3 years and will be held accountable according to relevant regulations.

(2) Local industrial and information technology authorities, central enterprise groups, in conjunction with local financial authorities and financial regulatory bureaus, must strictly review and implement management requirements, conducting layered reviews according to responsibilities and authority to maintain the seriousness of the policy.

(3) Each recommending unit should designate a contact person for the implementation of this policy and provide the name, unit, position, and contact information of the contact person to stt@prim.com.cn by September 20, 2025.

(4) Each recommending unit should sort the submitted materials, affix the official seal on the cover, and submit them by October 20, 2025. Materials can be submitted by mail or online (Major Technical Equipment Public Service Platform https://zdjszb.miit.gov.cn). For mail submissions, both paper materials and electronic version on a CD must be provided; for online submissions, only electronic materials are required, and on-site submissions are not accepted.

4. Policy Reminder

(1) The qualification review results for the insurance compensation project for the first set of major technical equipment will serve as an important basis for enjoying the insurance compensation policy for the first set and will be prioritized in other first set policies.

(2) Equipment manufacturing enterprises are encouraged to negotiate independently with underwriting companies to determine insurance premium rates and types based on risk characteristics such as equipment technology maturity, application scenario complexity, and historical claim rates. At the same time, within the validity period, they should scientifically and reasonably use the premium subsidy amount, manage the pace of fund usage appropriately, ensure stable and orderly expenditure of financial funds, and better utilize the effectiveness of financial fund usage (3) For projects that have passed the qualification review, the same equipment manufacturing enterprise does not need to repeatedly submit qualification review applications. The applicable scope of the quota is for all equipment of the same applicant enterprise that meets or exceeds the technical specifications requirements of the corresponding items in the "Catalog," as well as its improved equipment.

(4) Equipment manufacturing enterprises that have received support from insurance compensation policies should not charge quality assurance deposits for equipment that has been insured under quality assurance insurance when conducting procurement activities.

This article is excerpted from: Ministry of Industry and Information Technology official website; Edited by: Chen Xiaoyi of Zhitong Finance