{"id":290,"date":"2019-07-29T09:18:12","date_gmt":"2019-07-29T09:18:12","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=290"},"modified":"2024-02-16T07:25:42","modified_gmt":"2024-02-16T07:25:42","slug":"crop","status":"publish","type":"page","link":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/indian-non-life-insurance-industry-analysis\/section-04-segmentwise-business-highlights\/crop\/","title":{"rendered":"4.9 &#8211; Crop and Weather related Insurances"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>It has been observed an 8.60% increase in the premium for the current fiscal year.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p><div class=\"wp-block-columns w-two-one\">\n\t<div class=\"wp-block-column_2\">\n\t\t<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.9.1<\/span>GDPI - Crop<\/h3><div id=\"Chart_197\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        column_chart(\"Chart_197\", {\"unit\":\"(\\u20b9 in Crores)\",\"data\":{\"Gross Direct Premium\":{\"2013-14\":3395,\"2014-15\":2740,\"2015-16\":3521,\"2016-17\":6980,\"2017-18\":7893,\"2018-19\":27624,\"2019-20\":32273,\"2020-21\":31120,\"2021-22\":29465,\"2022-23\":32065}},\"Title\":\"GDPI - Crop\",\"xTitle\":\"Year\",\"yTitle\":\"\\u20b9 in Crores\",\"xAxisData\":{\"2013-14\":\"2013-14\",\"2014-15\":\"2014-15\",\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\",\"2021-22\":\"2021-22\",\"2022-23\":\"2022-23\"},\"colorCodes\":[\"#D766FA\"]});\n                    });\n                <\/script>\n\t<\/div>\n\t<div class=\"wp-block-column_1\">\n\t\t<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Table 4.9.1<\/span>Crop<\/h3><table width=\"100%\" class=\"\">    <tbody>        <tr>                    <td>                        2022-23                    <\/td>                    <td>                        Value                    <\/td>        <\/tr>        <tr>                    <td>                            No. Of Policies                    <\/td>                    <td>                            7,34,38,722                    <\/td>        <\/tr>        <tr>                    <td>                            GDPI (in Cr)                    <\/td>                    <td>                            32,065                    <\/td>        <\/tr>        <tr>                    <td>                            No. Of Claims Reported                    <\/td>                    <td>                            18,950                    <\/td>        <\/tr>        <tr>                    <td>                            No. Of Paid Claims                    <\/td>                    <td>                            2,95,46,069                    <\/td>        <\/tr>        <tr>                    <td>                            Amt of Paid Claims (in Cr)                    <\/td>                    <td>                            3,73,84,551                    <\/td>        <\/tr>    <\/tbody><\/table>\n                <span style=\"margin-left: 139px;font-size:13px\"> <i><\/i><\/span>\n\t<\/div>\n<\/div><p><\/p>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: <\/em> <em>Council Compilation<\/em>&nbsp;<em>as per source<br>data submitted by companies<\/em> <\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><\/p><cite><br><br><\/cite><\/blockquote>\n\n\n\n<p>Both the GIC and the NIC ratio have increased in the current year.<\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.9.2<\/span>Gross & Net Incurred Claims Ratio - Crop<\/h3><div id=\"Chart_198\" class=\"chart-div\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        multiline_chart(\"Chart_198\", {\"unit\":\"%\",\"data\":{\"Gross Incurred Claims Ratio\":{\"2013-14\":\"106.15\",\"2014-15\":\"116.88\",\"2015-16\":\"75.8\",\"2016-17\":\"120.02\",\"2017-18\":\"105.37\",\"2018-19\":\"90.5\",\"2019-20\":\"94.23\",\"2020-21\":\"81.07\",\"2021-22\":\"78.8\",\"2022-23\":\"80.85\"},\"Net Incurred Claims Ratio\":{\"2013-14\":\"104.65\",\"2014-15\":\"108.47\",\"2015-16\":\"99.66\",\"2016-17\":\"119.78\",\"2017-18\":\"102.23\",\"2018-19\":\"101.67\",\"2019-20\":\"113.69\",\"2020-21\":\"93.04\",\"2021-22\":\"86.23\",\"2022-23\":\"93.09\"}},\"Title\":\"Gross & Net Incurred Claims Ratio - Crop\",\"xTitle\":\"Year\",\"yTitle\":\"Claim Ratio (%)\",\"yAxisData\":{\"2013-14\":\"2013-14\",\"2014-15\":\"2014-15\",\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\",\"2021-22\":\"2021-22\",\"2022-23\":\"2022-23\"},\"colorCodes\":[\"#612A8A\",\" #BC00BC\"]});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: <\/em> <em>Council Compilation<\/em>&nbsp;<em>as per source<br>data submitted by companies<\/em> <\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.9.3<\/span>Rural vs Urban Premium - Crop<\/h3><div id=\"Chart_285\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        pie_chart(\"Chart_285\", {\"data\":{\"Rural Premium\":29821,\"Urban Premium\":2244},\"Title\":\"\",\"SeriesTitle\":\"Rural vs Urban Premium - Crop\",\"colorCodes\":[\"#D766FA\",\"#F5A9FE\"],\"dataLabelsFlag\":\"yes\"});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"><em> <strong>Source<\/strong>: <\/em> <em>Council Compilation<\/em>&nbsp;<em>as per source<br>data submitted by companies<\/em> <\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.9.4<\/span>Season-wise GDPI - Crop<\/h3><div id=\"Chart_287\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        basic_column_chart(\"Chart_287\", {\"orientation\":true,\"unit\":\"\",\"data\":{\"2022-23\":{\"Kharif\":63.9,\"Rabi\":36.1}},\"Title\":\"Season-wise GDPI - Crop\",\"xTitle\":\"\",\"yTitle\":\"% of Segment Premium \",\"yAxisData\":{\"Kharif\":\"Kharif\",\"Rabi\":\"Rabi\"},\"colorCodes\":[\"#D766FA\"]});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: <\/em> <em>Council Compilation<\/em>&nbsp;<em>as per source<br>data submitted by companies<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>It has been observed an 8.60% increase in the premium for the current fiscal year. From 2018-19, Crop and Weather [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":272,"menu_order":9,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/290"}],"collection":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/comments?post=290"}],"version-history":[{"count":46,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/290\/revisions"}],"predecessor-version":[{"id":3835,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/290\/revisions\/3835"}],"up":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/272"}],"wp:attachment":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/media?parent=290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}