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| AGRICULTURE INSURANCE COMPANY OF INDIA LTD. |
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Home>> I I I >> Insurance Co agents surveyors consultants >> AGRICULTURE INSURANCE COMPANY OF INDIA LTD.
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Address : 13th
Floor, AMBA DEEP, Kasturba Gandhi Marg,Connaught Place,Connaught Place
New Delhi- 110001
Phone Number : 011-51081991/92/93/94
Fax : 011-51081995
Contact Person : Reception
Website : http://aicofindia.org
Email : aicho@aicofindia.org
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Profile |
Agriculture Insurance Company of India Limited (AIC) has been formed by the Government of
India consequent to the announcement by the Hon’ble Union Finance Minister in his General
Budget Speech F.Y. 2002-03 that “to subserve 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 taken over the implementation of National Agricultural Insurance
Scheme (NAIS) which until FY03 was implemented by General Insurance Corporation of India. In
future, AIC would also be transacting other insurance businesses directly or indirectly
concerning agriculture and its allied activities.
Share Capital
Authorised Share Capital - Rs. 1500 Crores
Paid-up Share Capital - Rs. 200 Crores
Promoted by:
General Insurance Corporation of India - share holding: 35 %
National Bank for Agriculture And Rural Development (NABARD) - share holding: 30 %
National Insurance Company Ltd - share holding: 8.75 %
New India Assurance
Co.- share holding: 8.75 %
Oriental Insurance Company Ltd - share holding: 8.75 %
United India Insurance Co. Ltd.- share holding: 8.75%
Incorporated on 20th
December, 2002
Head Quarters at New Delhi
Nature of Business:
Implementation of National Agricultural Insurance Scheme (NAIS)
Insurance Products
relating to: Agriculture, Rural and Allied Activities
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