Agriculture Insurance Company of India Limited (AIC) was incorporated on 20th December 2002 with an authorized share capital of INR 15 billion. It commenced business from 1st April 2003. AIC was formed to exclusively cater to the insurance needs of the persons engaged in agriculture and allied activities in India. It aims to provide financial support to farmers in the event of crop failure due to natural calamities, pests, and diseases, thereby ensuring their credit eligibility for the next season. AIC implements various government-sponsored crop insurance schemes like Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS).
Serves as the central administrative and strategic hub, overseeing policy formulation, national operations, risk management, financial planning, and coordination of all regional offices for crop insurance schemes across India.
Located in East Kidwai Nagar, a redeveloped area known for modern government and commercial buildings. The office likely provides a contemporary work environment equipped with necessary infrastructure for large-scale insurance operations.
Characterized by a public-sector ethos focused on farmer welfare, service delivery, and adherence to government mandates. The culture emphasizes diligence, regulatory compliance, and collaboration with state governments and financial institutions.
The headquarters is pivotal in driving the mission of agricultural risk mitigation in India, formulating strategies that impact millions of farmers and contributing to the stability and growth of the agricultural sector.
Agriculture Insurance Company of India Limited primarily operates within India. Its mission is focused on providing crop insurance and related risk management solutions to Indian farmers. While it may engage in knowledge sharing or collaborations with international agricultural insurance organizations, its operational footprint and services are concentrated on the Indian agricultural sector.
Plate B & C, 5th Floor, Block -1, East Kidwai Nagar
New Delhi
Delhi
India
Address: 2nd Floor, Heritage Chambers, Nr. Gujarat Chamber of Commerce, Ashram Road, Ahmedabad-380009
To ensure effective implementation and accessibility of crop insurance schemes for farmers in Gujarat, addressing regional specific agricultural risks and needs.
Address: Krishi Bhavan, 2nd Floor, Hudson Circle, Nrupathunga Road, Bengaluru – 560001
To provide localized support and efficient service delivery of agricultural insurance products to the farming community in Karnataka, adapting to the state's diverse agro-climatic zones.
Address: 8th Floor, United India Towers, Basheerbagh, Hyderabad – 500029
To cater to the specific agricultural insurance requirements of farmers in Telangana, promoting financial inclusion and stability in the state's farming sector.
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As of April 2025, AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED' leadership includes:
AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED has been backed by several prominent investors over the years, including:
Key leadership changes in the last 12 months (as of May 2024) include the superannuation of the former CMD and the appointment of a new Chairman-cum-Managing Director.
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Official email communications from Agriculture Insurance Company of India Limited typically use their domain '@aicofindia.com'. Common formats for employee emails might include combinations of first name, last name, or initials.
[first_initial][last]@aicofindia.com or [first].[last]@aicofindia.com
Format
gsubramanian@aicofindia.com
Example
65%
Success rate
The Hindu BusinessLine • March 07, 2024
Agriculture Insurance Company of India (AIC) plans to increase its focus on non-scheme products, including commercial crops and allied agricultural activities, to enhance profitability and expand its market presence beyond government-sponsored schemes....more
Business Standard • February 14, 2024
Agriculture Insurance Company of India Ltd (AIC) reported a significant jump in its net profit to Rs 436.44 crore for the third quarter ended December 2023, compared to Rs 20.04 crore in the same period of the previous fiscal year. The company's total income also rose during this quarter....more
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