Agriculture Insurance Company Of India Ltd Share Price & Profile

The Agriculture Insurance Company of India Ltd. (AIC) is a Central Public Sector Undertaking established on 20 December 2002. It commenced business operations on 1 April 2003. AIC operates under the administrative control of the Ministry of Finance, Government of India, with operational supervision by the Ministry of Agriculture and Farmers Welfare.

AIC serves as one of India's leading agricultural insurers and plays a pivotal role in implementing major government crop insurance schemes, primarily the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather Based Crop Insurance Scheme (RWBCIS). These schemes provide financial security to farmers against risks such as natural calamities, pests, diseases, and adverse weather conditions.

The company is committed to serving the entire agricultural value chain by leveraging technology, innovation, and digital solutions (including AI) to reach farmers at the grassroots level. AIC offers affordable, accessible, and sustainable insurance products while promoting risk awareness, women empowerment initiatives (such as the Krishi Sakhi Initiative), and strategic partnerships.

Key Highlights (2025-26):

• AIC achieved a landmark milestone by crossing ₹10,000 Crore in premium in FY 2025-26, reflecting the trust of millions of farmers.
• It continues to lead in crop insurance implementation with a strong market share.
• Focus areas ...