Compare & Buy Crop Insurance policy in India
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Crop Insurance Overview

Crop insurance is purchased by agricultural producers. The policy is subsidized by Indian government. Crop insurance policies are designed to offer protection against either the loss of crops due to natural disasters, such as drought, hail, and floods etc, or the loss of income due to declines in the prices of agricultural commodities.

The new Crop Insurance Scheme in India is corresponding to One Nation – One Scheme idea. It is integrated with the best features of all preceding schemes and simultaneously, all previous weaknesses/ shortcomings have been removed. AIC, Agriculture Insurance Company of India Limited has taken over the execution of NAIS, National Agricultural Insurance Scheme.

This policy was implemented until FY 2002-03 by General Insurance Corporation of India. Furthermore, Agriculture Insurance Company of India Limited (AIC) also carries out other insurance businesses directly or indirectly regarding agriculture and its associated activities.