Read on to know about the product and services of Agriculture Insurance Company of India Ltd, a public undertaking catering insurance cover to the agricultural sector in India.

Agriculture Insurance Company of India

Agriculture Insurance Company of India Limited (AIC) is an Insurance company formed in order to serve the needs of farmers and other people involved in agriculture. AIC was incorporated under the Companies Act, 1956 and started its operations on 20th December, 2011. It has now taken over National Agricultural Insurance Scheme and also aims to transact other insurance businesses directly or indirectly related with agriculture or agricultural aided activities in future. AIC caters to the needs of 20 million farmers throughout the country. It currently provides an area and weather based crop insurance programs to almost 500 districts of India. AIC is headquartered in Delhi with 17 regional offices throughout the country and an authorised share capital of Rs. 15 billion, of which Rs. 2 billion is paid-up capital. Other insurance companies namely GIC, NABARD, National Insurance Company Limited, the New India Assurance Company Limited, Oriental Insurance Company Limited and United India Insurance Company Limited are involved with AIC as its promoters as well as share holders. AIC currently runs under the administrative control of Ministry of Finance, Government of India and is supervised from for its operational activities by the Insurance Regulatory and Development Authority, Hyderabad, which is also the regulating authority of AIC.

Product and Services
Future Products
Contact Address

Agriculture Insurance Company of India Ltd
13th Floor, Ambadeep Building,
14, Kasturba Gandhi Marg,
New Delhi - 110 001, INDIA