As compared to the previous year, there’s a 2.1% decline in the premium for the current financial year (₹30,091 Crores as against ₹30,728 Crores ).
From 2018-19 Crop & 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. Crop & weather related insurances are mostly rural in origin.
Chart 4.9.1GDPI - Crop
Table 4.9.1Crop
| 2024-25 | Value |
| No. Of Policies | 117,486,245 |
| GDPI (in Cr) | 30,091 |
| No. Of Claims Reported | 59,923,947 |
| No. Of Paid Claims | 20,425,262 |
| Amt of Paid Claims (in Cr) | 19,551 |
Source: Council Compilation as per source
data submitted by companies
Both GIC & NIC for Crop Insurance shows variation in past 10 years trend since the FY 2015-16.
Chart 4.9.2Gross & Net Incurred Claims Ratio - Crop
Source: Council Compilation as per source
data submitted by companies