‘Of ccelerate the economic momentum of the Nation by bringing financial stobility to rural India TF omovate and develop rural-oriented and former-frienclly insurance products for all agricultural ollied risks Cost protective net over agricultural and allied activities from natural perils and risks ‘Agricultural insurance products be designed and developed on scientific basis and sound insurance princiglesto address diverse needs of farmers IF mprove delivery and service of agricultural insurance so as to bring the remotest ond poorest Jan economical and effective manner former under its umbrell C reate widespread avareness bout agricultural insurance as the principal risk mitigation tool, and thus establish it as an effective bulwark of the rural econcmy ‘OM uthorized Shore Capital of Rs. 15. IF ocorporated in December 2002 and commenced business from April 2003 € ountry-wide network of 17 Regional Offices at Stote Capitals, controlled through Corporate Office ot New Delhi ion and Paid-up Copital of Rs. 2 billion Oo cumulated Net worth of Rs. 7.32 billion as on 31.03.2009 F nsured about 20 million farmers in 2008-09 making AIC the largest Crop Insurerin the world Claims to the tune of Rs. 93 billion paid to 25 milion farmers out of 100 million farmers insured during the lost sicyears upte 2008.09 MA griculture Insurance covering all major cereals & oilseeds crops and various annual commercial/ horticultural crops under Notional Agricultural Insurance Scheme «J mplementing Agency for “National Agricultural Insurance Scheme" (NAIS) and "Weather bosed Crop Insurance Scheme" (WBCIS), the Crop Insurance Schemes of the Government C reoted innovative, toilor-made farmer-friendly insurance products for specific risk profilesGlobal and Industry Recognition AIC won the prestigious "Asia Insurance Industry - Innovation of the year 2008 Award!" under general insurance category for its innovative design, implementation and servicing of Weother Based Crop Insurance Scheme (WBCIS). The Award wos received by CMD of the Company in the presence of more then 600 industry leaders ct the ceremony held in Hong Kong. AIC bagged "Development Leadership Award'-2nd Agriculture Leadership Awards 2009 instituted by ‘Agriculture Today’ as recognition for the leadership roles ployed in creating positive impact on the lives of formers through its outreach, efficacy and delivery. CMD of the company received the eward from the hands of Dr. Montek Singh Ahluwalia, Deputy Chairman, Planning Commission. Corporate Social Responsibility Krishi Bima Gaon AIC is undertaking a projact for developing a model, namely "Krishi Bima Gaon (Crop Insured Village)" to cover almost the entire crop acreage in a village. The project would be implemented in two or three villages in the 1st phase. National Agricultural Insurance Scheme (NAIS) - Performance Number of Formers Covered tn llons) Total sum inured (Rin biions) * som = * en eee aa te a Ws ARG FH GEA, Aa were, Geert ReaNational Agricultural Insurance Scheme (NAIS) Salient features * Area-yield guarentee based Crop Insurance Scheme of the Government * Insurance coverage aveilable to cereals, millets, pulses, oilseeds and annuel commercial / horticultural crops * Scheme availabe fe oll farmers - mandatory for borrowing farmers ond voluntary for non: borrowing formers * Scheme serviced through the network of Rural Financial Inslityfions (RFIs) * Operating in 25 States and 2 Union Territories, insuring cbout 35 different crops during Kharif (April - September} and 40 crops during Robi (October - Moreh) * Worlds largesterop insurance program in terms of the number of farmers insured _ Weather Based Crop Insurance Scheme (WBCIS) — Salient features © Provides insurance protection agains! potential crop losses due lo adverse deviations in weather porometers like ‘cinfoll, minimum temperature (frost), maximum temperature (heat), humidity, high wind-speedete * Covers weather risks during critica! stages of crop growth, the sum insured being broadly equivalentto the ‘cost of cultivation’ * Actuerially priced - AIC thus responsible for all claims * Subsidized Premium Rates - the gap between the actuarial rates ond the rates chorged from the farmer being bridged by the Government * Presently operoting as. pilol, covering 30 diferent erops, ineluding perennial horticultural erops like Apple, Grapes, Menge, Cashewnut, Pepper eteOur Other Insurance Products Reinfell Insurance Scheme Coffee (RISC) Covers: @] Failure of Blossom Showers: (b} Backing Showers ond (¢} Excess reinfoll during monsoon; gxoiloble in all coffee growing ‘reat of Karetoka, Kerala ond “Tamil Nadu Wheat Insurance An Ingex bosed Inturenes preduet fon biomass using satelite imegery ond weather porameters like temperature (hact) and uns seazonal reinfall Poleto Insurance Porametric nomed-peril insurance linked to plon! populction, available for poteta growers unde contrac! farmina | i} Rubber Plantation Insurance Covers decthitotal loss of rubber frees ogains! natural colomities ond other non-preventable perils, opplicable to both motura ond immature plants, besed on establishment cost and loss of future retums Seed Pototo Insuronce ‘Cower for specified perils like frost, tun-seatonal rainfoll for seed potato grown by farmers under contract Seed ferming errangements Pulpwood insurance Named-perl insurance, covering pulpwood trees like eucolyptus, poplar, subobul, casuarina ote. agains: fire, lighting, eyclone, storm, ficed, wind, certhquake eic,, with optional coverage of drought risk ‘Mango Insurance Weather index product provding protection ogeins! adverse deviations in different weather porometers like rainfell, heat, frost & wind speed Bio. Fuel Troe/Plant Insurance: Namedeperil insurance covering six different species of plants / trees, available for commercial production of bio-diesel, with optional cover agains! drought risk Apple Insurance Weather based insurance covering weather parameters like chilling hours, temperature fluctuations, ‘defici’reinfoll, and optional ‘hail! insurance on conventional basis Groperinsurance Combination of weettier index ond conventioral crop insurance, providing coverage ageins! adverse rainfall, cold wove end hail incidence Named peril insurance designed in consultation with Coconut Development ‘Coconut Palm Insurance Board (CDB), covering Coconu! palms in the age group 4-40 years, agoins! death due 10 Fire, Lightring, Cyclone, Storm, Flood, Pests and widesproad| Diseases, Earhquake, severe Drought etc, The pilot is available in specified districts of Andhra Pradesh, Goa, Kamotakes, Kerela, Mahorashire, Orisse and! Tomilnack. COB would provide 50% subsidy in premium, ard the concerned Stote to the extont oF 25%, leaving the grower to peythe bolonce 25%Cordamom Insurance Designed in conaulttion with Spices Board, providing coversionel cover ogoinet eat / loz ol plant, ond also epainst loss of ‘ye on yield index bass Medicinal & Aromatic Plants Working wih Notional Medicinal Plont Board for © comprehensive insurance for covering about 12 important ond commercicllyculivated medicinal trees / plants Plontation Crops Spices ‘Working with Union Minty of Commerce Industry or comprehensive wecther/ yell / named. peril insurance or plantation saclor nd spices secior, prososing coverage of llimportant planietion and spices crops. Deparimentat Science and Technology (OST) ‘AlChas signed Mol wrth DSTYe examin the feasibility of sing sarelite imayeries Hnrough Remote Sensing we application of GiStechrologyforerap insurance. Notional Agricultural Innovation Project (NAIP) ‘A projec! on “Rsk Asvessment ond Insurance Products (or Agrculote” hos been Gworded by indion Agiculiual Research Institute AR] fe National Cane for Agricultural Econeies and Policy Research (NCAP), with AIC es a parine. Project funded bythe World Bonk to se implemented over four years Frem 2008.09 end dovsloped on Fisk Management ond Insurence Products for Agriculture India Pest Hoving over 1,$0,000 sub-nest/ post offices ocross the longth ond braedth ofthe coun Karnotoko during 2009-10 or distributing and servicing weather insurance products in ‘Tibol Welfore Deparment (TWD) of Gujarat Under Sunshine’ proiect ‘9 provide reifall bored crop insurance for meize ciop grown by tribal formers in about 20 Tehsis spreod over fivedistrets af Gujerat Stee, During Khorif2008, he prac covered over | ,40,000 Wibal farmay Self-Employed Women Association (SEWA) “To: provide rainfall based erap insurance to SEWA memibers engaged in agricultural activities in ebout 12 Tehsils spread over ‘theee Distriets of Gujarat os a cost.effetive risk manegement solution "Sojjete Sangh’ -afederotion of over 10 NGOs operating in Gujarat Te-provido rnfall based crapinsurance using Gujarat Governments rain gauges o! Toki avel. Proc initiate ior groundnut ond caton cops in about 25 Tehils spread over eight Disrctzol Guierat. The preject covered over 1500 farmersduring Kharit 2009, of which abou! 60% oresmall/ marginal formersandabost | O%are women formers, ‘Aga Khan Rural Support Programme (AKRSP) To provide nfo bosed crop insuronce'o is members growing crops in some oreos of Gujarat. To lecitate requ sharing of ‘weother deta ond quick setlement of claims, ASRSP focilicted seting-up six Automatic Weather Stations (AWSa) during Khaxif 2009. Projects ikelytobse expanded during 2010. 7.9 pilot hor bon mxperimentad in ol oreas. Wad aR @ wean, Afa wae, Quer farOur Promoters * General Insurance Corporation of India 35% + NABARD 30% + National insurance Company Limited 875% ‘* New India Assurance Company Limited 8.75% The Oriental Insurance Company Limited 8.75% United India Insurance Company Limited 8.75% Our Board of Directors Govt. of India Appointee/Nominees (six in number) + Cheirmon-cum-Managing Director + Ministry of Finance (2) Ministry of Agriculture (2) + Domain Expert Promoters' Nominees (six - one each) * General insurance Corporation ofindia ¢ += NABARD NafionolinsuranceCompany limited * —_Newindia Assurance Company Limited The Oriental Insurance Componylimited * United India Insurance Company Limited “wear ana O wear, Ata were, Gerera fraoe)