First-of-a-Kind Insurance Compensation for Major Equipment 2026 | Eligibility Criteria and Policy Support

2026-06-03
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First-of-a-Kind Insurance Compensation for Major Equipment 2026 | Eligibility Criteria and Subsidy Policies

I. Definition of First-of-a-Kind Equipment

A "first-of-a-kind" (FOAK) refers to major technical equipment developed domestically or within the province that achieves significant technological breakthroughs through independent R&D or by introducing and assimilating foreign technology, and holds independent intellectual property rights.

II. Focus Areas

  • Large-scale power generation equipment
  • Construction Machinery
  • Agricultural Machinery
  • Eco-friendly equipment
  • Smart Manufacturing Equipment

3. Compensation Standards

  • Subsidize premiums at 3–5% of the insured amount
  • The maximum annual limit for a single enterprise is 500 ten thousand yuan.
  • Subsidy duration up to 3 years

IV. Eligibility Requirements

  • The equipment is the first-of-its-kind domestically or within the province.
  • Proprietary intellectual property rights
  • Certified by provincial-level or higher authorities
  • First-of-a-kind equipment insured

V. Submission Materials

  • First-of-a-Kind Insurance Compensation Fund Application Form
  • Business License of the Equipment Development Unit
  • Intellectual Property Documentation
  • Certification Document for First-of-a-Kind Equipment
  • Insurance Policy and Premium Invoice

VI. Professional Consulting Services

Inner Mongolia Mengzheng Management System Certification Technology Co., Ltd.First-of-a-kind declaration consulting services:

  • First-of-a-Set Certification Support
  • Preparation of Submission Documents
  • Insurance integration service
  • End-to-end tracking service

Toll-Free Number: 18686047746

Source: Mengzheng Certification

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