Three Authorities Launch Application for the 2025 First Batch of New Material Insurance Compensation Funds

Recently, the Ministry of Industry and Information Technology (MIIT) and two other authorities have jointly issued the Circular on Organizing the Application for the 2025 First Batch of New Material Insurance Compensation Funds and the 2026 Qualification Review (the "Circular").

According to the Circular, manufacturing enterprises that have already passed the qualification review for the first batch of new material insurance compensation, purchased comprehensive insurance for the first batch of new materials (with the policy in effect) before October 15, 2025, and are within the validity period of the qualification, may apply for subsidies. The subsidy amount shall not exceed 80% of the actual premium paid (as evidenced by the invoice) and shall not exceed the approved subsidy quota. The Circular encourages manufacturing enterprises and insurers to negotiate insurance premium rates and type of insurance independently, based on risk characteristics such as the maturity of new material technologies, application scenarios, and historical loss ratios. The Circular further stipulates that the fund application procedure includes enterprise application, project review, and departmental re-examination. The online application period for fund subsidies is from September 25 to October 15, 2025, while the online application period for qualification review is from December 1 to December 5, 2025.



(Source: https://www.miit.gov.cn/zwgk/zcwj/wjfb/tz/art/2025/art_9196113d624e458e985418254d212a28.html)

Note: The link to the Chinese official website of the document is for your reference.