Crop insurance after seeing significant growth in 2018-19 & 2019-20 due to PM’s flagship programme for farmers – Pradhan Mantri Fasal Bima Yojana – (PMFBY), has seen a decrease from 2020-21 onwards.
From 2018-19, Crop insurance has been reported across all insurance companies. Figures till 2017-18 show figures for Agricultural Insurance Company of India Ltd (AIC) only.
Chart 4.9.1GDPI - Crop
Table 4.9.1Crop
| 2021-22 | Value |
| No. Of Policies | 58,146,828 |
| Premium (in Cr) | 29,465 |
| No. Of Claims Reported | 27,890,611 |
| No. Of Paid Claims | 27,136,502 |
| Amt of Paid Claims (in Cr) | 24,640 |
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
Source: Council Compilation as per source
data submitted by companies
Chart 4.9.4Season-wise GDPI - Crop
Source: Council Compilation as per source
data submitted by companies