On 20th December, 2002, Agriculture Insurance Company of India Limited was incorporated under the Indian Companies Act 1956, with an authorized share capital of INR 15 billion and paid up capital of INR 2 billion. AIC started business from 1st April 2003.

Key People

  • Mr. P. J. Joseph - CMD
  • Mr. G. Anandan - General Manager/Chief Investment Officer
  • Mr. S. Chidambaram - Appointed Actuary
  • Mr. M. K. Poddar - DGM/ Chief Finance Officer
  • Mr. Rajeev Chaudhary - DGM/ Chief Compliance Officer
  • Mr. M. D. Gupta - Chief Mgr/ Chief Marketing Officer
  • Mr. S.S.Saxena - Ch. Mgr/ Chief Risk Officer
  • Mr. K. K. Gupta - Manager/ Chief Internal Auditor

Significant Dates

  • Incorporation - 20th December, 2002
  • Commencement of Business - 1st April, 2003

Products

  • National Agricultural Insurance Scheme
  • National Crop Insurance Programme (NCIP)
  • Bio-Fuel Tree / Plant Insurance
  • Mr. M. K. Poddar - DGM/ Chief Finance Officer
  • Cardamom Plant & Yield Insurance
  • Potato Crop Insurance
  • PulpWood Tree Insurance Policy
  • RainFall Insurance Scheme For Coffee (RISC) - 2011
  • Rubber Plantation Insurance
  • Cardamom Plant & Yield Insurance
  • Varsha Bima / RainFall Insurance
  • Weather Insurance (RABI)
  • Sugarcane Insurance (Future Product)
  • Tea Insurance (Future Product)
  • Basmati Rice Insurance (Future Product)
  • Aromatic & Medicinal plants Insurance (Future Product)
  • Contract Farming Insurance (Future Product)

Registered Office and Head Quarters
13th Floor, “AMBA DEEP", 14, Kasturba Gandhi Marg, New Delhi - 110 001, INDIA

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