This paper shows the feasibility that a natural catastrophe insurance fund (NCIF) may achieve financial self-sufficiency via three bailout programmes, including pre-funding, loan-financing and equity-financing, to support the insurers during the bad years. Under such programmes, different accounting procedures for the insurers and NCIF are developed to simulate their 30-year cash flows based on the best-fitting loss model calibrated by the global insured loss data. The numerical analysis results indicate that the proposed programmes can balance the financial revenue and expenditure of NCIF in the long term, and this conclusion implies the authority can develop similar schemes as NCIF to smooth the peak risk of natural catastrophes.