Agriculture Insurance Company of India Limited (AIC)
The state-owned crop insurer, owned by other public sector financial institutions. In Andhra Pradesh it is the notified implementing agency for the government's crop-insurance schemes in West Godavari, Sri Sathya Sai and Vizianagaram districts; the state extended those schemes for 2026-27 in July 2026.
This page is a factual profile built from official sources: enterprise filings, the DPE Public Enterprises Survey, PIB releases, government orders and CAG reports. Figures carry their year; where no official figure was found, the field is left out rather than estimated.
How we verify →The state-owned crop insurer, owned by other public sector financial institutions. In Andhra Pradesh it is the notified implementing agency for the government's crop-insurance schemes in West Godavari, Sri Sathya Sai and Vizianagaram districts; the state extended those schemes for 2026-27 in July 2026.
What happened
AIC was set up in 2002 by the General Insurance Corporation of India, NABARD and the four public sector general insurers to run crop insurance. The Department of Financial Services reported in January 2026 that it crossed Rs 10,000 crore in gross premium in 2025-26.
The Andhra Pradesh Gazette of 9 September 2024 names AIC as the implementing agency for Cluster VI (West Godavari, Sri Sathya Sai and Vizianagaram districts) under the Pradhan Mantri Fasal Bima Yojana for 2024-26.
In July 2026 the state government extended the Pradhan Mantri Fasal Bima Yojana and the Restructured Weather Based Crop Insurance Scheme for the 2026-27 agricultural year, The Hindu reported. Farmers with seasonal crop loans are enrolled automatically unless they opt out.
What we could not confirm
The current shareholding split and staff numbers were not found in an official source. The 2026-27 cluster allocation for Andhra Pradesh was not located; the 2024-26 gazette is the latest found.