Lok Sabha Question No. 316 (UNSTARRED), answered on 2025-07-22
Subject: Insurance Companies empanelled under PMFBY
Ministry: AGRICULTURE AND FARMERS WELFARE
Asked by: Shri Rajesh Naranbhai Chudasama

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

## LOK SABHA UNSTARRED QUESTION NO. 316

TO BE ANSWERED ON THE 22 ND  JULY, 2025

## INSURANCE COMPANIES EMPANELLED UNDER PMFBY

316. SHRI RAJESH NARANBHAI CHUDASAMA:

Will the Minister of AGRICULTURE AND FARMERS WELFARE कृ ͪष एवं ͩकसान कãयाण मंğी

be pleased to state: (a) the total number of beneficiaries in the country under the Pradhan Mantri Fasal Bima Yojana (PMFBY) as on 31st March, 2025; (b)  the  list  of  insurance  companies  selected  under  PMFBY  as  on  31st  March,  2025; (c)  the  list  of  public  and  private  sector  insurance companies empanelled under PMFBY as on 31st March 2025; and (d)  the  reasons  for  not  restricting  the  list  of  providers  to  Public  Sector  Insurance Companies?

## ANSWER

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

- (a) :  The Pradhan Mantri Fasal Bima Yojna (PMFBY) was introduced in the country from Kharif 2016 season.   The scheme is voluntary for the States and farmers.  Since inception of the scheme till 30.06.2025, 78.41 crore farmer applications have been enrolled under the scheme.
- (b) to (d) : The  'Joint Group  on  Crop  Insurance' constituted to  recommend  the improvements required in the existing crop insurance schemes inter-alia had recommended in  December 2004 that the Government should allow private insurers in area based yield insurance.      Accordingly,  it  was  decided  to  allow  private  general  insurance  companies having adequate infrastructure and expertise in rural insurance business. These Companies have been involved to increase the coverage of farmers especially non-loanee

farmers and to bring more competition in crop insurance sector so as to provide the best services to farmers at competitive rates.  At present, in addition to all the 5 Public Sector General  Insurance  Companies,  15  private  general  insurance  companies  have  also  been empanelled for implementation of Crop Insurance schemes in the country.  The company for implementation of the scheme is selected by the concerned State Government from the empanelled  list  of  companies  through  transparent  tender  process.        The  insurance companies currently empaneled for implementation of PMFBY are as under:

| PUBLIC SECTOR INSURANCE COMPANIES   | 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 INSURANCE COMPANIES  | PRIVATE SECTOR INSURANCE COMPANIES              |
| 6.                                  | Bajaj Allianz General Insurance Company Ltd.    |
| 7.                                  | Cholamandalam MS General Insurance Company Ltd. |
| 8.                                  | Future Generali India Insurance Company Ltd.    |
| 9.                                  | HDFC-ERGO General Insurance Company Ltd.        |
| 10.                                 | ICICI-Lombard General Insurance Company Ltd.    |
| 11.                                 | IFFCO-Tokio General Insurance Company Ltd.      |
| 12.                                 | Reliance General Insurance Company Ltd.         |
| 13.                                 | SBI General Insurance Company Ltd.              |
| 14.                                 | Shriram General Insurance Co. Ltd.              |
| 15.                                 | Tata-AIG General Insurance Company Ltd.         |
| 16.                                 | Universal Sompo General Insurance Company Ltd.  |
| 17.                                 | Royal Sundaram General Insurance company Ltd.   |
| 18.                                 | Go-Digit General Insurance company Ltd.         |
| 19.                                 | Kshema General Insurance Limited                |
| 20.                                 | Raheja QBE General Insurance Company Ltd.       |

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