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Agriculture Insurance Company of India Limited (AIC) has been formed at the behest of Government of India, consequent to the announcement by the then Honble Union Finance Minister in his General Budget Speech FY 2002-03 that, to sub-serve 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 been promoted as a specialty Crop Insurance provider to the Indian farming community, by 6 Public Sector Companies, viz General Insurance Corporation of India (35% share), NABARD (30% share), National Insurance Co. Ltd. (8.75% share),...
Agriculture insurance company of india limited operates in the Insurance industry.
Agriculture insurance company of india limited's revenue is 11m - 100m
Agriculture insurance company of india limited has 501 - 1000 employees.
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