Agri Insurance To Seek Irda Nod Soon

Agriculture Insurance Company of India Ltd (AICIL) is expected to shortly approach the Insurance Regulatory and Development Authority for licence to start operations with Rs 200 crore paid-up capital and Rs 1,500 crore authorised capital.

The new company, set up for crop insurance business, held its first meeting yesterday evening to pass certain statutory resolutions and formalise business plans, a company release said. Soon after getting Irda