AIC’s Shrimp Crop Insurance Scheme is one of India’s first formally institutionalised 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. Although AIC’s official release does not publish fixed premium rates, CIBA’s technical discussions reference typical shrimp-insurance premiums in the 2–3% range of the sum insured under government-backed models. Farmers can receive government premium incentives, increasing overall affordability.