Crop insurance has seen significant growth in 2017-18 & 2018-19 due to PM’s flagship programme for farmers – Pradhan Mantri Fasal Bima Yojana – (PMFBY).
Crop as a segment has emerged separately this year. From 2018-19, Crop has been reported across almost all insurance companies. Figures till 2017-18 show figures for Agricultural Insurance Company.
Chart 4.9.1GDPI - Crop
Table 4.9.1Crop
| 2018-19 | Value |
| No. Of Policies | 1,13,52,931 |
| Premium (in Cr) | 27,614 |
| No. Of Claims Reported | 99,75,620 |
| No. Of Paid Claims | 1,30,25,092 |
| Amt of Paid Claims (in Cr) | 24,930 |
Source: Council Compilation as per source
data submitted by companies
Chart 4.9.2Gross & Net Incurred Claims Ratio - Crop
Source: Council Compilation as per source
data submitted by companies
Chart 4.9.3Rural vs Urban Premium - Crop
Chart 4.9.4Channelwise GDPI - Crop
Source: Council Compilation as per source
data submitted by companies
Chart 4.9.5GDPI Breakup on Categories - Crop
Source: Council Compilation as per source
data submitted by companies