Crop insurance has seen significant growth in 2018-19 & 2019-20 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
| 2019-20 | Value |
| No. Of Policies | 383,57,986 |
| Premium (in Cr) | 32,273 |
| No. Of Claims Reported | 235,55,389 |
| No. Of Paid Claims | 184,88,087 |
| Amt of Paid Claims (in Cr) | 23,216 |
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