To increase the coverage in terms of farmers/ area and also to create competition in Crop Insurance field, Government had decided to include private general insurance companies alongwith Agriculture Insurance Company of India Ltd. (AIC) for implementation of National Crop Insurance Programme (NCIP).
With a view to provide insurance coverage & financial support to the farmers in the event of failure of any of the notified crops as a result of non-preventable risks including natural calamities, pests & diseases, adverse weather conditions and to stabilize farm income, Government of India introduced Crop Insurance Schemes since 1985. Improvement, in existing Crop Insurance Schemes to make the same attractive and farmers’ friendly with a view to extend the scope and coverage in terms of crop area, crops and risk is continuing process. At present, about 65 crops are covered and more than 25% of cropped area is insured.
Ten private general insurance companies are empanelled for implementation of crop insurance schemes. Details of percentage share of private insurance companies viz-a-viz AIC during 2013-14 is as under :
Company |
Farmers Covered
|
Sum Insured (Rs. in lakhs)
| ||
Kharif 2013
|
Rabi 2013-14
|
Kharif 2013
|
Rabi 2013-14
| |
AIC
|
77%
|
50%
|
85%
|
53%
|
Private Companies
|
23%
|
50%
|
15%
|
47%
|
This information was given today by the Minister of State for Agriculture, Shri Mohanbhai Kundaria in the Lok Sabha.
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