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Crop Insurance

Provides links to the insurance products offered by Agricultural Insurance Company of India Limited


This Video Explains About Agriculture Insurance Company of India Limited and various Insurance schemes covered by the Govt

Pradhan Mantri Fasal Bima Yojana

The new Crop Insurance Scheme is in line with One Nation – One Scheme theme. It incorporates the best features of all previous schemes and at the same time, all previous shortcomings/weaknesses have been removed.

The highlights of this scheme are as under:

  • There will be a uniform premium of only 2% to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops. In case of annual commercial and horticultural crops, the premium to be paid by farmers will be only 5%. The premium rates to be paid by farmers are very low and balance premium will be paid by the Government to provide full insured amount to the farmers against crop loss on account of natural calamities.
  • There is no upper limit on Government subsidy. Even if balance premium is 90%, it will be borne by the Government.
  • Earlier, there was a provision of capping the premium rate which resulted in low claims being paid to farmers. This capping was done to limit Government outgo on the premium subsidy. This capping has now been removed and farmers will get claim against full sum insured without any reduction.
  • The use of technology will be encouraged to a great extent. Smart phones will be used to capture and upload data of crop cutting to reduce the delays in claim payment to farmers. Remote sensing will be used to reduce the number of crop cutting experiments.

National Crop Insurance Programme (NCIP) / Rashtriya Fasal Bima Karyakram (RFBK)

NCIP is a Central Sector Scheme formulated by merging National Agricultural Insurance Scheme (NAIS), Pilot Weather Based Crop Insurance Scheme (WBCIS), Pilot Modified National Agricultural Insurance Scheme (MNAIS) and and Pilot Coconut Palm Insurance Scheme (CPIS). The scheme came into force from Rabi 2013-14 and covers all districts.

Loanee farmers will be covered on compulsory basis under the component- scheme of NCIP notified by the concerned state, while non-loanee farmers will choose either MNAIS or WBCIS component.

Private sector Insurers with adequate infrastructure and experience will be permitted to implement NCIP besides Agriculture Insurance company of India (AlC).

For the detailed guidelines of the scheme, click here.

Insurance Products from Agriculture Insurance Company of India Limited (AIC)

Agriculture Insurance Company of India Limited (AIC) has been formed at the behest of Government of India, consequent to the announcement by the then Hon'ble Union Finance Minister in his General Budget Speech FY 2002-03 that, "to subserve the needs of farmers better and to move towards a sustainable actuarial regime, it was proposed to set up a new Corporation for Agriculture Insurance".

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.

Presently the following insurance products are offered by AIC.

Downloadable forms

Click here to download forms for the above insurance products from AIC website

Source: Agriculture Insurance Company of India Limited

Related resources

  1. Rural Insurance Scheme (111KB)
  2. Handbook on Crop Insurance
Ashay Chaubey Nov 16, 2017 09:41 AM

Why there is no information about Revenue Insurance Scheme For Plantation Crops (RISPC)

Harsha, Hyderabad Oct 26, 2017 10:49 PM

Please explain how technology benefits and support crop insurance in our India.

Hanumaraddi raddi Karnataka dharwad district Oct 17, 2017 01:58 PM

Sir my pfby amt taken by Vijaya Bank. 90% crop loss in my area but still no claim. How can I claim pfby amt old suggest me.

vikram singh Feb 07, 2017 10:47 AM

my crop is destroyed by un-seasonal rain. How can I claim insurance for the same.

jeevan Oct 19, 2015 04:10 PM


Thanks for providing good information.

Please let me know the organisations supporting for AIC.

It would be great help for me,the information you provide.

shantanu mashankar wardha ms Dec 10, 2014 11:58 PM

Explain claim system and ratio of crop insurance premium taken by bank in crop lone cases

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