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AGRICULTURE INSURANCE COMPANY OF INDIA LTD. Regd. Office: Plate B & C, Office Block 1, 5th Floor, East Kidwai Nagar, New Delhi 110023 Telephone: 011-24604444, Email: aicho@aicofindia.com, CIN: U74999DL2002PLC118123 Page 2 of 14 1. INTRODUCTION Agriculture Insurance Company of India Limited (AIC) was formed under the aegies of the Government
Share This. National Agricultural Insurance Scheme (NAIS) is being implemented in the country since Rabi 1999-2000, as a part of risk management in agriculture with the intention of providing financial support to the farmers in the event of failure of crops as a result of natural calamities, pests and diseases.
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.
Jun 5, 2024 · Kotak Bank gets RBI nod to sell 70 pc stake in general insurance arm to Zurich Insurance. In November last year, Zurich Insurance Company announced plans to acquire a 51 per cent stake in Kotak Mahindra General through a combination of capital infusion and share purchase, followed by a subsequent acquisition of an additional stake of 19 per cent within three years from the initial acquisition for Rs 5,560 crore.
Jun 25, 2024 · Agriculture Insurance Company Of India Limited is an unlisted public company incorporated on 20 December, 2002. It is classified as a public limited company and is located in South West Delhi, Delhi. It's authorized share capital is INR 1,500.00 cr and the total paid-up capital is INR 200.00 cr.
National Agriculture Insurance Scheme. The Government of India experimented with a comprehensive crop insurance scheme which failed. The Government then introduced in 1999-2000, a new scheme titled “National Agricultural Insurance Scheme” (NAIS) or “Rashtriya Krishi Bima Yojana” (RKBY). [6] NAIS envisages coverage of all food crops ...
AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED. Sep 2020 - Present 3 years 11 months. Hassan, Karnataka, India. I was working as an executive officer at AIC my job role was to check whether the crop was in good condition or not and send the complete details about the crop to head office.
- AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED
