Insights

Specialty Crop Insurance Provider Agriculture Insurance Company of India Limited (AIC) is a specialty Crop Insurance provider in India with a significant market share. This presents an opportunity to target farmers looking for comprehensive insurance coverage tailored to their needs.

Large Farmer Base Coverage AIC currently covers around 25 million farmers in India, with a focus on 'small & marginal' category comprising more than 86% of the farmers. This extensive reach provides a substantial customer base for expanding insurance products and services.

Established Government Backing Backed by the Government of India and promoted by key public sector companies, AIC has a strong foundation and credibility in the agricultural insurance sector. Leveraging this established reputation can help in building trust with potential clients seeking reliable insurance solutions.

Innovative Tech Stack AIC utilizes a modern tech stack including Google Analytics, Microsoft ASP.NET, and Nginx among others. This technological prowess can be emphasized to tech-savvy farmers and businesses looking for an insurer that leverages technology for efficiency and service delivery.

Competitive Positioning While AIC competes with other insurance companies in India, its specialization in crop insurance and strong farmer-centric approach sets it apart. Highlighting these unique selling points in the market can attract clients seeking tailored agricultural insurance solutions.

Similar companies to AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED

AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED Tech Stack

AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED uses 8 technology products and services including Google Analytics, AOS, Windows Server, and more. Explore AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's tech stack below.

  • Google Analytics
    Analytics
  • AOS
    Javascript Libraries
  • Windows Server
    Operating Systems
  • X-XSS-Protection
    Security
  • Bootstrap
    UI Frameworks
  • MUI
    UI Frameworks
  • Microsoft ASP.NET
    Web Frameworks
  • Nginx
    Web Servers

Media & News

AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's Email Address Formats

AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED uses at least 1 format(s):
AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED Email FormatsExamplePercentage
FirstL@aicofindia.comJohnD@aicofindia.com
47%
FMLast@aicofindia.comJMDoe@aicofindia.com
3%
FirstL@aicofindia.comJohnD@aicofindia.com
47%
FMLast@aicofindia.comJMDoe@aicofindia.com
3%

Frequently Asked Questions

Where is AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's headquarters located?

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AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's main headquarters is located at Plate B & C, 5th floor, Office Block 1, East Kidwai Nagar, New Delhi New Delhi, Delhi 110023 IN. The company has employees across 4 continents, including AsiaEuropeNorth America.

What is AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's official website and social media links?

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AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's official website is aicofindia.com and has social profiles on LinkedIn.

What is AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's NAICS code?

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AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's NAICS code is 524 - Insurance Carriers and Related Activities.

How many employees does AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED have currently?

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As of November 2024, AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED has approximately 792 employees across 4 continents, including AsiaEuropeNorth America. Key team members include Chief Technology Officer: V. G.Chief Marketing Officer: A. S.Chief Actuary: A. B.. Explore AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's employee directory with LeadIQ.

What industry does AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED belong to?

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AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED operates in the Insurance industry.

What technology does AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED use?

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AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's tech stack includes Google AnalyticsAOSWindows ServerX-XSS-ProtectionBootstrapMUIMicrosoft ASP.NETNginx.

What is AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's email format?

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AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's email format typically follows the pattern of . Find more AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED email formats with LeadIQ.

When was AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED founded?

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AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED was founded in 2002.
AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED

AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED

InsuranceDelhi, India501-1000 Employees

Agriculture Insurance Company of India Limited (AIC) has been formed at the behest of Government of India, consequent to the announcement by the then Hon'ble 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), The New India Assurance Co. Ltd. (8.75% share),  Oriental Insurance Co. Ltd. (8.75% share), United India Insurance Co. Ltd. (8.75% share). 

AIC was incorporated on 20th December, 2002 with an authorized Share Capital of INR 1500 crore (15 billion) and a Paid-up Capital of INR 200 crore (2 billion). AIC commenced its business operations from 1st April, 2003.

Currently, AIC covers around 25 million farmers under various crop insurance schemes and products, making it one of the largest Crop Insurance Companies in the world. Of these, more than 86% belong to the “small & marginal” category, i.e. those holding 2 hectares of land or less.

Section iconCompany Overview

Headquarters
Plate B & C, 5th floor, Office Block 1, East Kidwai Nagar, New Delhi New Delhi, Delhi 110023 IN
NAICS Code
524 - Insurance Carriers and Related Activities
Founded
2002
Employees
501-1000

Section iconMedia & News

Section iconFunding & Financials

Section iconFunding & Financials

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