Agriculture Insurance Company Of India Ltd

The Agriculture Insurance Company of India Ltd. (AIC) is a public sector undertaking established on December 20, 2002. It operates under the ownership of the Ministry of Finance (formerly under the Ministry of Agriculture and Farmers Welfare), Government of India. AIC’s primary mission is to provide insurance coverage to farmers, helping them manage risks associated with agriculture.

AIC plays a crucial role in implementing various crop insurance schemes, including the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS), ensuring financial security for farmers against unforeseen risks like natural calamities, pest attacks, and adverse weather conditions.

The company aims to serve the entire agricultural value chain by leveraging technology to reach grassroots farmers. AIC focuses on offering affordable, simple, and sustainable insurance solutions while promoting risk awareness and fostering strategic partnerships for a mutually beneficial ecosystem.

Through its extensive network and commitment to innovation, AIC continues to play a pivotal role in securing the livelihoods of farmers and strengthening the agricultural sector in India.