It has been observed an 8.60% increase in the premium for the current fiscal year.
From 2018-19, Crop and Weather related Insurances have been reported across almost 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
| 2022-23 | Value |
| No. Of Policies | 7,34,38,722 |
| GDPI (in Cr) | 32,065 |
| No. Of Claims Reported | 18,950 |
| No. Of Paid Claims | 2,95,46,069 |
| Amt of Paid Claims (in Cr) | 3,73,84,551 |
Source: Council Compilation as per source
data submitted by companies
Both the GIC and the NIC ratio have increased in the current year.
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