Aldagi Insurance Company has already reimbursed for the damage caused to the farmer Davit Khutsishvili in Kalauri village, Gurjaani district. In July 2015, hail destroyed 72% of David Khutsishvili’s peach crop. The insurance reimbursement amount was 16 500 Gel (sixteen thousand five hundred), which was reimbursed to Davit Khutsishvili by Aldagi Insurance Company within the shortest period of time.
The farmer joined the Agro Insurance Program of the Agricultural Project Management Agency on September 30, 2014. With the help of the project he insured three peach orchards on the territory of 1.8 hectares, the insurance premium amounted to GEL 2295, out of which the payment amount for the agency was 2160 Gel and David Khutsishvili had to pay 160 gel only.
Today the Manager of the Agro Insurance Program of the Agricultural Project Management Agency Mr. Levan Maghradze, Director of the Property Loss Management and Service Department of Aldagi Insurance Company Mr. Vakhtang Ebitashvili and local government officials in the Gurjaani district met with Davit Khutsishvili and visited the plots destroyed by the natural disaster.
The State Agricultural Insurance Program is implemented by the Agricultural Project Management Agency. The program aims to promote the development of agriculture in the country and the establishment of the insurance market in the agro sector. Therefore, as part of the second stage of the program, state farmers finance a large portion of the insurance premium (40% to 60%).