United India Insurance Company
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Cater to the whole agri-value chain and reach the grassroots through technology by offering affordable, simple and sustainable best-fit insurance solutions by propagating risk awareness and leveraging on strategic win-win partnerships.
Agriculture Insurance Company of India Limited (AIC) is an Indian public sector undertaking headquartered in New Delhi. It is a government-owned agricultural insurer under ownership of the Ministry of Finance, Government of India.
Agriculture Insurance Company of India Limited was incorporated under the Indian Companies Act 1956 on 20th December, 2002 with an authorised share capital of INR 15 billion and paid up capital of INR 2 billion. AIC commenced business from 1st April, 2003.
AIC has taken over the implementation of National Agricultural Insurance Scheme (NAIS) which, until FY 2002-03 was implemented by General Insurance Corporation of India. In addition, AIC also transacts other insurance businesses directly or indirectly concerning agriculture and its allied activities. Share Capital.
Jul 26, 2017 · Agriculture Insurance Company of India Limited (AIC) is a government-owned company that offers agriculture insurance schemes to those in need. The company was formed in 2003 after union...
Largest Crop Insurer. AIC is the leading crop insurer providing coverage to multiple crops for the welfare of our dear farmers.AIC having state of art technology and expertise, has been the market leader of crop insurance in India with a significant market share of the Gross premium.
5 days ago · Agriculture Insurance Company of India Ltd. (AIC) is an implementing agency for NAIS. AIC collects premiums, & calculates, and sanctions the applicable claims, receives the claims share from the concerned Government, and settles the claims through nodal banks.
Feb 8, 2024 · By Rediff Money Desk, NEWDELHI Feb 08, 2024 16:23. India's Agriculture Minister launched the SARATHI portal, offering comprehensive insurance products for farmers and a helpline to resolve crop insurance grievances. New Delhi, Feb 8 (PTI) Agriculture Minister Arjun Munda on Thursday launched portal 'SARATHI' that aims to provide a comprehensive ...
Jan 25, 2023 · Context: Agriculture Insurance Company of India (AIC) has recently released compensation for damage of kharif crops of 2021 after paying claims under the Prime Minister’s Fasal Bima Yojana. About Agriculture Insurance Company of India (AIC):
Pradhan Mantri Fasal Bima Yojana (PMFBY) is the government sponsored crop insurance scheme that integrates multiple stakeholders on a single platform.
