AIC was incorporated with an authorised share capital of Rs. 1500 Crores and paid up share capital of Rs. 200 Crores. Other insurance companies namely GIC, NABARD, National Insurance Company Limited, the New India Assurance Company Limited, Oriental Insurance Company Limited and United India Insurance Company Limited are involved with AIC as its promoters as well as organization share holders. AIC currently runs under the administrative control of Ministry of Finance, Government of India and is supervised from for its operational activities by the Insurance Regulatory and Development Authority, Hyderabad. IRDA, Hyderabad is also the regulating authority of AIC.
Product and Services
NAIS- National Crop Insurance Scheme,WBCIS - Weather Based Crop Insurance Scheme,Wheat Insurance (Weather & Biomass),Rabi Weather Insurance,
Mango Insurance,Poppy Insurance,USBY - Uttarakhand Seb Bima Yojana (Apple Insurance),Potato Insurance,Grapes Insurance,Varsha Bima/Rainfall Insurance,
RISC - Rainfall Insurance Scheme for Coffee Growers (Coffee Insurance),Bio-Fuel Tree/Plant Insurance,Pulpwood Tree Insurance,Coconut Insurance,Rubber Insurance
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