Lok Sabha Question No. 4890 (UNSTARRED), answered on 2025-04-01
Subject: Collection of Premium and Payment of Claims under PMFBY
Ministry: AGRICULTURE AND FARMERS WELFARE
Asked by: Shri  Radhakrishna

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

## LOK SABHA UNSTARRED QUESTION NO. 4890

TO BE ANSWERED ON THE 1 ST  APRIL, 2025

## COLLECTION OF PREMIUM AND PAYMENT OF CLAIMS UNDER PMFBY

4890. SHRI RADHAKRISHNA:

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

- (a) the details of the number and percentage of farmers covered and area insured under the Pradhan Mantri Fasal Bima Yojana (PMFBY) in the last five years, year-wise and Statewise;
- (b) the details of the premium collected by insurance companies including private and public sector insurance companies from the Government, State Governments and farmers in the last five years, company and year-wise; and
- (c) the details of claims reported and claims paid under the Yojana in the last five years, company and year-wise?

## ANSWER

THE MINISTER OF STATE FOR AGRICULTURE AND FARMERS WELFARE कृ ͪष एवं ͩकसान कãयाण राÏय मंğी (SHRI  RAMNATH THAKUR)

(a) :   State-wise and year-wise details of the number of farmers applications covered and area insured under the Pradhan Mantri Fasal Bima Yojana (PMFBY) in the last five years is

- given in Annexure-I .

About 40% of the gross cropped area of the implementing States has been insured during 2023-24 under the scheme.

(b) & (c):  The actuarial/bidded premium rates are charged by implementing agencies under PMFBY. Extremely low premium rate across the country for the season is charged from the famers,  which  is  maximum  2%  of  sum  insured  for  Kharif  crops,  maximum  1.5%  of  sum insured for Rabi crops and maximum 5% of sum insured for commercial/horticultural crops.

Remaining part of actuarial premium is shared by the Central and State Government 50:50  basis except  North  Eastern States  (from  Kharif  2020)  and  Himalayan  States (from

Kharif 2023) where it is shared in the ratio of 90:10. Further, Operational guidelines of the scheme, effective from Kharif 2023, also provides for 3 Alternate Risk Transfer models other than standard PMFBY namely, cup and cap model (80:110), cup and cap model (60:130) and profit and loss sharing model under which in case of claims below certain threshold, portion of the premium paid by the Government as subsidy will go back to the State treasury. Further  in  case  of  claims  above  certain  threshold,  Centre  and  State  are  required  to  pay claims. States have been given the flexibility to choose from any one of these models. Therefore balance premium sharing between Centre and State Government is based on various factors mentioned above including actual premium rates and risk model adopted (cup and cap models). Under Alternate Risk Transfer models, since premium comes back to Government if claims reported is less than a certain threshold and Government also partakes in claim payments if claims are beyond a certain threshold, exact contribution of State and

Central governments cannot be estimated.

Accordingly, details  of  company-wise  and  year-wise  gross  premium  collected (including farmers, State Government and Central Government share) and claims paid to farmers during last five years i.e. from 2019-20 to 2023-24 are given in Annexure-II .

## Annexure-I

## State-wise and year-wise details of number of farmers applications covered and area insured during last five years i.e. 2019-20 to 2023-24 under PMFBY (As on 31.01.2025)

| State/UT          | Farmers Applications Insured (In No.)   | Farmers Applications Insured (In No.)   | Farmers Applications Insured (In No.)   | Farmers Applications Insured (In No.)   | Farmers Applications Insured (In No.)   | Area Insured (In Lakh ha.)   | Area Insured (In Lakh ha.)   | Area Insured (In Lakh ha.)   | Area Insured (In Lakh ha.)   | Area Insured (In Lakh ha.)   |
|-------------------|-----------------------------------------|-----------------------------------------|-----------------------------------------|-----------------------------------------|-----------------------------------------|------------------------------|------------------------------|------------------------------|------------------------------|------------------------------|
| State/UT          | 2019-20                                 | 2020-21                                 | 2021-22                                 | 2022-23                                 | 2023-24                                 | 2019-20                      | 2020-21                      | 2021-22                      | 2022-23                      | 2023-24                      |
| A & N Islands     | 99                                      | 339                                     | 535                                     | 173                                     | 187                                     | 0.00                         | 0.00                         | 0.00                         | 0.00                         | 0.00                         |
| Andhra Pradesh    | 27,88,373                               | -                                       | -                                       | 1,25,63,988                             | 1,29,28,275                             | 20.06                        | -                            | -                            | 35.75                        | 41.03                        |
| Assam             | 10,06,212                               | 16,60,076                               | 9,96,027                                | 4,89,983                                | 7,95,553                                | 5.70                         | 10.77                        | 5.58                         | 3.15                         | 4.20                         |
| Chhattisgarh      | 40,17,118                               | 51,58,351                               | 58,38,755                               | 77,30,260                               | 81,24,956                               | 24.32                        | 24.52                        | 22.98                        | 23.26                        | 24.18                        |
| Goa               | 886                                     | 84                                      | 64                                      | 403                                     | 234                                     | 0.00                         | 0.00                         | 0.00                         | 0.00                         | 0.00                         |
| Gujarat           | 24,80,726                               | -                                       | -                                       | -                                       | -                                       | 29.44                        | -                            | -                            | -                            | -                            |
| Haryana           | 17,10,601                               | 16,50,558                               | 14,52,842                               | 14,49,323                               | 1,01,74,480                             | 22.50                        | 18.87                        | 16.19                        | 16.00                        | 6.91                         |
| Himachal Pradesh  | 2,84,009                                | 2,40,727                                | 2,33,725                                | 2,67,643                                | 2,78,051                                | 65.09                        | 30.08                        | 40.83                        | 42.66                        | 39.41                        |
| Jammu & Kashmir   | -                                       | -                                       | 90,834                                  | 91,582                                  | 2,45,630                                | -                            | -                            | 0.42                         | 0.44                         | 1.25                         |
| Jharkhand         | 10,92,116                               | -                                       | -                                       |                                         |                                         | 6.45                         | -                            | -                            | -                            | -                            |
| Karnataka         | 19,45,207                               | 15,87,801                               | 19,17,808                               | 26,84,781                               | 30,15,023                               | 21.06                        | 15.97                        | 17.28                        | 22.88                        | 22.87                        |
| Kerala            | 58,135                                  | 76,317                                  | 98,510                                  | 1,46,546                                | 1,74,141                                | 0.37                         | 0.44                         | 0.51                         | 0.69                         | 0.74                         |
| Madhya Pradesh    | 83,97,265                               | 84,52,044                               | 92,64,216                               | 1,77,32,045                             | 1,77,95,823                             | 117.14                       | 129.76                       | 116.17                       | 90.13                        | 89.27                        |
| Maharashtra       | 1,45,66,294                             | 1,24,06,368                             | 99,02,582                               | 1,07,33,909                             | 2,41,81,705                             | 79.24                        | 68.12                        | 59.08                        | 65.22                        | 160.38                       |
| Manipur           | 3,256                                   | -                                       | 2,807                                   | 4,066                                   | 5,073                                   | 0.03                         | -                            | 0.02                         | 0.03                         | 0.04                         |
| Meghalaya         | 607                                     | 130                                     |                                         | 337                                     | 38,569                                  | 0.00                         | 0.00                         | -                            | 0.00                         | 0.15                         |
| Odisha            | 48,79,301                               | 97,52,474                               | 81,73,856                               | 80,20,763                               | 1,41,35,516                             | 18.72                        | 11.89                        | 10.16                        | 9.27                         | 16.09                        |
| Puducherry        | 12,014                                  | 10,980                                  | 35,818                                  | 38,384                                  | 42,224                                  | 0.09                         | 0.08                         | 0.14                         | 0.12                         | 0.13                         |
| Rajasthan         | 86,16,616                               | 1,07,59,591                             | 3,44,70,735                             | 3,90,96,690                             | 3,89,91,851                             | 98.28                        | 113.53                       | 107.10                       | 106.82                       | 103.32                       |
| Sikkim            | 21                                      | 85                                      | 2,422                                   | 5,025                                   | 3,104                                   | 0.00                         | 0.00                         | 0.00                         | 0.01                         | 0.00                         |
| Tamil Nadu        | 38,93,787                               | 58,87,474                               | 59,11,015                               | 61,43,139                               | 54,56,133                               | 14.24                        | 17.20                        | 15.65                        | 15.40                        | 13.90                        |
| Telangana         | 10,34,223                               | -                                       | -                                       | -                                       | -                                       | 11.35                        | -                            | -                            | -                            | -                            |
| Tripura           | 36,382                                  | 2,57,236                                | 3,35,514                                | 3,56,201                                | 3,73,362                                | 0.06                         | 0.38                         | 0.52                         | 0.69                         | 0.90                         |
| Uttar Pradesh     | 46,97,567                               | 41,90,508                               | 40,68,679                               | 42,83,804                               | 60,26,146                               | 36.77                        | 31.60                        | 29.51                        | 29.72                        | 25.05                        |
| Uttarakhand       | 2,12,675                                | 1,70,812                                | 1,82,762                                | 2,82,068                                | 2,26,917                                | 1.14                         | 9.86                         | 9.60                         | 38.86                        | 55.85                        |
| Total (All India) | 6,17,33,490                             | 6,22,61,955                             | 8,29,79,506                             | 11,21,21,113                            | 14,30,12,953                            | 572.04                       | 483.09                       | 451.75                       | 501.12                       | 605.68                       |

******

Annexure-II

Company-wise and year-wise details of gross premium collected by insurance companies and claims paid to farmers from 2019-20 to 2023-24 under PMFBY (As on 31.01.2025)

| Company          | Gross Premium ( In crores)   | Gross Premium ( In crores)   | Gross Premium ( In crores)   | Gross Premium ( In crores)   | Gross Premium ( In crores)   | Paid Claims ( In crores)   | Paid Claims ( In crores)   | Paid Claims ( In crores)   | Paid Claims ( In crores)   | Paid Claims ( In crores)   |
|------------------|------------------------------|------------------------------|------------------------------|------------------------------|------------------------------|----------------------------|----------------------------|----------------------------|----------------------------|----------------------------|
| Company          | 2019-20                      | 2020-21                      | 2021-22                      | 2022-23                      | 2023-24                      | 2019-20                    | 2020-21                    | 2021-22                    | 2022-23                    | 2023-24                    |
| AIC              | 14,472.00                    | 16,387.19                    | 15,330.65                    | 13,429.42                    | 9,489.29                     | 14,720.75                  | 13,421.47                  | 10,339.92                  | 9,244.03                   | 5,564.75                   |
| Bajaj Allianz    | 2,245.32                     | 2,503.83                     | 2,097.41                     | 2,737.18                     | 1,608.70                     | 1,655.67                   | 1,105.88                   | 1,740.43                   | 1,991.18                   | 809.14                     |
| Bharti AXA       | 818.80                       | 788.56                       | 679.61                       | -                            | -                            | 123.37                     | 181.53                     | 421.25                     | -                          | -                          |
| Chola MS         | -                            | -                            | -                            | -                            | 526.13                       | -                          | -                          | -                          | -                          | 406.08                     |
| Future Generali  | 981.64                       | 1,032.26                     | 922.17                       | 970.12                       | 373.37                       | 429.13                     | 330.19                     | 719.07                     | 391.12                     | 167.01                     |
| HDFC Ergo        | 2,510.74                     | 2,421.60                     | 2,676.92                     | 3,347.45                     | 3,276.61                     | 1,364.85                   | 1,106.94                   | 1,687.51                   | 1,123.98                   | 557.29                     |
| ICICI Lombard    | -                            | -                            | -                            | 877.90                       | 1,198.08                     | -                          | -                          | -                          | 579.59                     | 769.64                     |
| IFFCO Tokio      | 2,073.52                     | 2,476.90                     | 1,667.75                     | 1,310.13                     | 1,323.46                     | 1,778.17                   | 1,771.39                   | 1,049.91                   | 206.14                     | 880.30                     |
| Kshema General   | -                            | -                            | -                            | -                            | 893.81                       | -                          | -                          | -                          | -                          | 430.96                     |
| National         | 248.75                       | 4.59                         | 7.24                         | 6.93                         | 0.08                         | 251.68                     | 13.77                      | 8.55                       | 2.95                       | -                          |
| New India        | 452.43                       | -                            | -                            | -                            | -                            | 1,245.38                   | -                          | -                          | -                          | -                          |
| Oriental         | 1,869.28                     | 54.03                        | -                            | -                            | 1,912.17                     | 2,398.36                   | 67.61                      | -                          | -                          | 3,359.44                   |
| Reliance General | 2,117.19                     | 2,672.39                     | 3,055.65                     | 3,289.91                     | 3,784.06                     | 1,155.62                   | 814.37                     | 2,702.14                   | 2,014.29                   | 1,269.11                   |
| Royal Sundaram   | 809.22                       | -                            | -                            | - -                          | -                            | 218.11                     |                            |                            |                            |                            |
| SBI General      | 1,972.35                     | 1,967.52                     | 2,227.27                     | 2,903.59                     | 2,641.16                     | 1,956.54                   | 1,802.95                   | 1,380.34                   | 1,609.87                   | 655.44                     |
| Tata AIG         | -                            | -                            | -                            | -                            | 272.24                       | -                          | -                          | -                          | -                          | 369.99                     |
| United India     | 203.74                       | -                            | -                            | 694.55                       | 838.21                       | 185.38                     | -                          | -                          | 536.82                     | 477.42                     |
| Universal Sompo  | 1,486.89                     | 1,356.67                     | 1,370.53                     | 1,547.99                     | 1,368.45                     | 430.29                     | 608.95                     | 801.57                     | 685.15                     | 787.96                     |
| Grand Total      | 32,261.86                    | 31,665.53                    | 30,035.19                    | 31,115.17                    | 29,505.82                    | 27,913.30                  | 21,225.05                  | 20,850.69                  | 18,385.14                  | 16,504.54                  |

-Not selected for implementation.