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Agriculture Insurance Company of India Ltd. (AIC)

Category:
  • Finance
  • Insurance
Focus:
  • Economic
Location:
  • National
Organization Description:

Agriculture Insurance Company of India Limited (AIC) is the leading implementing agency for India’s flagship crop-insurance scheme, PMFBY. It also offers weather-based crop insurance and horticulture, livestock, sericulture, and aquaculture products, distributing policies through banks, cooperatives, and rural insurance intermediaries across India.

Role in Indian Shrimp Aquaculture: AIC’s Shrimp Crop Insurance Scheme is one of India’s first formally institutionalized shrimp-insurance products, developed with technical assistance from ICAR-CIBA under PMMSY/NFDB. The scheme covers seed and post-larval mortality, mass mortality during grow-out, major viral and bacterial outbreaks, water-quality failures such as ammonia toxicity and plankton crash, and extreme weather events common in coastal shrimp regions.
Contact: www.aicofindia.com/contact-us
Website: www.aicofindia.com
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