Agriculture Insurance Company of India plans to scale up weather-linked parametric insurance to livestock and income protection for agricultural workers
Single national scheme predominantly funded by the Centre is best option, says Lavanya R. Mundayur
While it will be called the fertiliser pool with a corpus of Rs 500 crore, it can be used to cover the risks of oil and gas imports too
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Under the scheme, while AIC will use offices, manpower and rural reach of the three companies, it will offer 12.5 per cent of the premium collected to each of the three companies
Agriculture Insurance Company (AIC), for now, is looking to launch reinsurance in countries like Nepal, Sri Lanka, Philippines and Bangladesh
AIC wants to reposition itself as crop insurance is turning out to be a market-based product