Lok Sabha Question No. 260 (UNSTARRED), answered on 2019-11-19
Subject: Insurance Companies involved in PMFBY
Ministry: AGRICULTURE AND FARMERS WELFARE
Asked by: Gowdar Mallikarjunappa Siddeshwara

## GOVERNMENT OF INDIA MINISTRY OF AGRICULTURE AND FARMERS WELFARE DEPARTMENT OF AGRICULTURE, COOPERATION AND FARMERS WELFARE

## LOK  SABHA

## UNSTARRED QUESTION NO. 260

TO BE ANSWERED ON THE 19 TH  NOVEMBER, 2019

## INSURANCE COMPANIES INVOLVED IN PMFBY

## 260.   SHRI G.M. SIDDESHWAR:

Will the Minister of AGRICULTURE AND FARMERS WELFARE कृ ष एवं कसान कयाण मंी be pleased to state:

(a) the details of insurance companies that have been given the tender of Pradhan Mantri Fasal Bima Yojana (PMFBY);

- (b) the criteria under which these insurance companies have been selected;

(c) whether the Government's PSUs have been considered for PMFBY, if not, the reasons therefor;

(d) the  total  amount  that  has  been  given  to  these  companies  for  insurance  of  Kharif  and Rabi crops; and

(e) the  total  amount  that  have  been  claimed  against  the  loss  of  crop  from  each  of  these insurance companies in the last one year along with the details of the insurance claim?

## ANSWER

## MINISTER  OF AGRICULTURE AND FARMERS WELFARE

## कृ ष एवं कसान कयाण मंी (SHRI NARENDRA SINGH TOMAR)

(a) to (c) : The  Operational  Guidelines  of  the  Pradhan  Mantri  Fasal  Bima  Yojana (PMFBY)  provides criteria for empanelment  of insurance companies. The Insurance Companies  mainly  engaged  in  agriculture/rural  insurance  business  and  having  adequate experience, infrastructure, financial strength and operational capabilities are empanelled by the Department of Agriculture & Cooperation and Farmers Welfare (DAC & FW) for implementation of  PMFBY  and  Restructured  Weather  Based  Crop  Insurance  Scheme  (RWBCIS).   Once Insurance  Company  has  been  empanelled  by  DAC  &FW,  it  is  considered  as  pre-qualified company to bid for the selection of Implementing Agency (IA) to undertake implementation of the crop insurance Scheme/Programme of DAC&FW.  However, selection of the company as implementing agency in the State is made by the concerned State Government through bidding process.   At  present,  total  18  companies,  which  includes  all  the  5  Public  Sector  General Insurance  Companies  and  13  Private  Sector  General  Insurance  Companies,  have  been empanelled for implementation of Pradhan Mantri Fasal Bima Yojana (PMFBY) in the country. Names of empanelled compnies are given in following table :

## PUBLIC SECTOR  INSURANCE COMPANIES

| 1.                                 | Agriculture Insurance Company of India Ltd.     |
|------------------------------------|-------------------------------------------------|
| 2.                                 | National Insurance Company Ltd.                 |
| 3.                                 | New India Assurance Company Ltd.                |
| 4.                                 | Oriental Insurance Company Ltd.                 |
| 5.                                 | United India Insurance Company Ltd.             |
| PRIVATE SECTOR INSRUANCE COMPANIES | PRIVATE SECTOR INSRUANCE COMPANIES              |
| 6.                                 | Bajaj Allianz General Insurance Company Ltd.    |
| 7.                                 | Bharti AXA General Insurance Company Ltd.       |
| 8.                                 | Cholamandalam MS General Insurance Company Ltd. |
| 9.                                 | Future Generali India Insurance Company Ltd.    |
| 10.                                | HDFC-ERGO General Insurance Company Ltd.        |
| 11.                                | ICICI-Lombard General Insurance Company Ltd.    |
| 12.                                | IFFCO-Tokio General Insurance Company Ltd.      |
| 13.                                | Reliance General Insurance Company Ltd.         |
| 14.                                | SBI General Insurance Company Ltd.              |
| 15.                                | Shriram General Insurance Company Ltd.          |
| 16.                                | Tata-AIG General Insurance Company Ltd.         |
| 17.                                | Universal Sompo General Insurance Company Ltd.  |
| 18.                                | Royal Sundaram General Insurance company Ltd.   |

(d) & (e): Company-wise details of premium paid to insurance companies and claims paid to farmers by insurance companies since inception of the scheme in Kharif 2016 till Rabi 2018-19 are at Annexure.

********

Annexure

## Company-wise and Season-wise details of premium paid to insurance comapnies and claims paid by insurance companies under PMFBY/RWBCIS

| Insurance Company Name   | Kharif 2016   | Kharif 2016   | Rabi 2016-17   | Rabi 2016-17   | Kharif 2017   | Kharif 2017   | Rabi 2017-18   | Rabi 2017-18   | Kharif 2018*   | Kharif 2018*   | Rabi 2018-19**   | Rabi 2018-19**   |
|--------------------------|---------------|---------------|----------------|----------------|---------------|---------------|----------------|----------------|----------------|----------------|------------------|------------------|
| Insurance Company Name   | Gross Premium | Claims        | Gross Premium  | Claims         | Gross Premium | Claims        | Gross Premium  | Claims         | Gross Premium  | Claims         | Gross Premium    | Claims           |
| Insurance Company Name   | Rs in Crore   | Rs in Crore   | Rs in Crore    | Rs in Crore    | Rs in Crore   | Rs in Crore   | Rs in Crore    | Rs in Crore    | Rs in Crore    | Rs in Crore    | Rs in Crore      | Rs in Crore      |
| AIC                      | 5,929         | 3,368         | 2,072          | 2,244          | 5,628         | 6,838         | 1,561          | 911            | 4,937          | 2,849          | 2,145            | 1,400            |
| National Insurance       | -             | -             | 235            | 69             | 1,310         | 1,563         | 272            | 179            | 403            | 87             | 275              | 80               |
| New India Assurance      | 3             | 0             | 575            | 1,494          | 2,033         | 567           | 726            | 846            | 368            | 344            | 968              | 872              |
| Oriental Insurance       | -             | -             | 7              | 3              | 398           | 434           | 33             | 12             | 1,958          | 2,802          | 102              | 70               |
| United India Insurance   | 1,321         | 1,218         | 693            | 332            | 1,136         | 736           | 330            | 116            | 747            | 1,181          | 228              | 294              |
| PSU TOTAL                | 7,253         | 4,586         | 3,581          | 4,141          | 10,505        | 10,138        | 2,923          | 2,063          | 8,413          | 7,262          | 3,719            | 2,716            |
| Bajaj Allianz GIC        | 838           | 896           | 641            | 220            | 974           | 893           | 899            | 339            | 433            | 191            | 1,182            | 820              |
| Bharti AXA GIC           | -             | -             | -              | -              | 211           | 89            | 166            | 18             | 414            | 342            | 122              | 23               |
| Chola MS GIC             | 183           | 91            | 83             | 68             | 520           | 539           | 7              | 7              | 189            | 241            | 266              | 199              |
| Future Generali GIC      | 181           | 70            | -              | -              | -             | -             | -              | -              | 262            | 46             | 279              | 99               |
| HDFC Ergo GIC            | 2,475         | 2,040         | 175            | 67             | 1,177         | 916           | 545            | 350            | 1,410          | 1,019          | 382              | 32               |
| ICICI Lombard GIC        | 1,280         | 586           | 1,048          | 1,244          | 1,716         | 2,457         | 762            | 512            | 2,094          | 217            | 626              | -                |
| IFFCO Tokio GIC          | 1,246         | 597           | 150            | 81             | 604           | 1,141         | 335            | 248            | 1,755          | 1,063          | 179              | 0                |
| Reliance GIC             | 1,140         | 410           | 33             | 24             | 884           | 676           | 413            | 34             | 1,739          | 1,270          | 120              | 1                |
| Royal Sundaram GIC       | -             | -             | -              | -              | 2             | 1             | 1              | 1              | 406            | 267            | 2                | 0                |
| SBI GIC                  | 397           | 85            | 0              | -              | 777           | 417           | 210            | 92             | 961            | 972            | 677              | 444              |
| Shriram GIC              | -             | -             | 171            | 258            | -             | -             | -              | -              | -              | -              | -                | -                |
| Tata AIG GIC             | 434           | 519           | -              | -              | 337           | 530           | 100            | 35             | 1,241          | 583            | 323              | 1                |
| Universal Sompo GIC      | 582           | 679           | -              | -              | 1,275         | 231           | 119            | 16             | 1,402          | 985            | 205              | 127              |
| PRIVATE TOTAL            | 8,756         | 5,972         | 2,302          | 1,963          | 8,477         | 7,889         | 3,557          | 1,652          | 12,308         | 7,195          | 4,363            | 1,748            |
| GRAND TOTAL              | 16,009        | 10,558        | 5,883          | 6,104          | 18,981        | 18,028        | 6,480          | 3,715          | 20,721         | 14,45          | 8,082            | 4,463            |

* Kharif 2018 claims are not yet fully reported

** Rabi 2018-19 enrolment and claims statistics are provisional