Agriculture Insurance Company of India is an entity completely owned by the Public Sector General Insurance Companies in India. General Insurance Corporation and NABARD are the 2 biggest shareholders with 35% and 30% shares respectively. Rest is held by National Insurance, Oriental Insurance, United India and New India Assurance.
Agriculture is the back-bone of Indian economy and insurance products for the farmers can go a long way in scientifically avoiding certain risks associated with farming. Agriculture Insurance Company strives to do just that with 17 regional offices across India.
The company provides insurance for Rubber, Coconut, Potato, Grapes and many more agricultural products.
Ms. Alamelu T. Lakshmanachari is Chairman & Managing Director of Agricultural Insurance Company of India.