A presentation on Financial performance analysis on Agriculture Insurance Company of India(AIC).
The full Presentation describes about the financial performance During the rabi and kariff Seasons.
Aachi Ready Mix is an FMCG company founded in 1995 that produces various spice and food products under three subsidiary companies. It has a turnover of Rs. 448 crores for Aachi Masala Foods and Rs. 700 crores total for the Aachi Group. The company has a consumer-oriented approach and offers 150 different product varieties. It primarily targets households and working women in southern India across both rural and urban areas, as well as some international exports.
Lux is HUL's beauty soap brand that is positioned as affordable glamour. It has been able to maintain market leadership in the toilet soap category with a 54.3% market share due to strong brand image, reliable quality, and widespread distribution network. Lux soap is purchased regularly by consumers for its association with celebrities and ability to beautify skin at an affordable price point. While it faces competition from internal and external brands, Lux continues to be the most popular bar soap in India due to high demand and emotional connection with consumers who expect it to make their skin beautiful.
Tata Motors' Commercial Vehicles Business Unit launched the Rural Marketing Initiative in 2010 to expand its rural reach in India. The initiative, called Project NEEV, partners with local rural players to set up sales outlets in villages with populations under 50,000. It has established a network of over 4,000 rural partners and 500 rural outlets across 6 states, covering over 1.5 lakh villages. This channel has helped increase Tata's rural vehicle sales significantly and provided employment opportunities in rural areas. The initiative has received several awards and recognition for its innovative rural marketing approach and positive social impact.
Company Analysis in Madras Fertilizers Limited (MFL)jino dp
This document provides an overview of the Indian fertilizer industry and Madras Fertilizers Limited (MFL) company. It discusses that India has a large fertilizer industry due to its importance to agriculture. MFL produces urea, NPK complexes, and bio-fertilizers. It has manufacturing facilities in Manali, Chennai. MFL is a public sector company owned majority by the Government of India and seeks to meet farmers' needs through production and promotion of balanced fertilizers. The document reviews MFL's organizational structure, products, production levels, and commitments to quality and environmental standards.
My project title is -- ANALYTICAL STUDY ON CREAM BELL ICE CREAM COMPANY MARKET SHARES, PRODUCTS & SERVICES & CONSUMER PERCEPTION , BEHAVIOR & SATISFACTION ABOUT CREAM BELL ICE CREAM – in LUCKNOW MARKET.
Also to find retail network size of CREAM BELL ICE CREAM in LUCKNOW and to go through the retail network to know retailers view about supply chain of CREAM BELL ICE CREAM, to know the complaints of CREAM BELL ICE CREAM and to find suggestions from retailers for more penetration of CREAM BELL ICE CREAM in LUCKNOW region.
“ The study of customer satisfaction, a business term, is a measure of how products and services supplied by a company meet or surpass customer expectation.”
This helps to know customer satisfaction with a service by using the gap between the customer’s expectations of performance. This provides the measurer with a satisfaction “GAP” which is objective and quantitative in nature. “Customer satisfaction provides a leading indicator of consumer purchase intentions and loyalty.” Customer Satisfaction data are among the most frequently collected indicators of market perceptions.
It is seen as a key performance indicator within business and is a part of the four perspectives of Balanced Scorecard.
Regards
RAHUL SINGH
Agricultural Development Associates Program(Krusi Unnat
sahajogi) is one of its kind apprenticeship program in the
country, which aims to leverage the final year undergraduate
students in improving the extension activities in the focus
blocks of the state. The students were employed as an agent
of change on the ground.
This document describes a garam masala product called Zayekedar garam masala. It lists 12 spices used in the masala and notes that only high quality raw materials are used. Currently it is launched in Maharashtra but plans to expand nationwide. Advertising includes videos, radio, and hoardings. It can be used to flavor many dishes. Production costs and main competitors are provided. Packaging comes in weights from 100g to 5kg, with price lists provided. The marketing strategy is to partner with hotels and shops. Profit per 100kg is about 800 rupees.
Aachi Ready Mix is an FMCG company founded in 1995 that produces various spice and food products under three subsidiary companies. It has a turnover of Rs. 448 crores for Aachi Masala Foods and Rs. 700 crores total for the Aachi Group. The company has a consumer-oriented approach and offers 150 different product varieties. It primarily targets households and working women in southern India across both rural and urban areas, as well as some international exports.
Lux is HUL's beauty soap brand that is positioned as affordable glamour. It has been able to maintain market leadership in the toilet soap category with a 54.3% market share due to strong brand image, reliable quality, and widespread distribution network. Lux soap is purchased regularly by consumers for its association with celebrities and ability to beautify skin at an affordable price point. While it faces competition from internal and external brands, Lux continues to be the most popular bar soap in India due to high demand and emotional connection with consumers who expect it to make their skin beautiful.
Tata Motors' Commercial Vehicles Business Unit launched the Rural Marketing Initiative in 2010 to expand its rural reach in India. The initiative, called Project NEEV, partners with local rural players to set up sales outlets in villages with populations under 50,000. It has established a network of over 4,000 rural partners and 500 rural outlets across 6 states, covering over 1.5 lakh villages. This channel has helped increase Tata's rural vehicle sales significantly and provided employment opportunities in rural areas. The initiative has received several awards and recognition for its innovative rural marketing approach and positive social impact.
Company Analysis in Madras Fertilizers Limited (MFL)jino dp
This document provides an overview of the Indian fertilizer industry and Madras Fertilizers Limited (MFL) company. It discusses that India has a large fertilizer industry due to its importance to agriculture. MFL produces urea, NPK complexes, and bio-fertilizers. It has manufacturing facilities in Manali, Chennai. MFL is a public sector company owned majority by the Government of India and seeks to meet farmers' needs through production and promotion of balanced fertilizers. The document reviews MFL's organizational structure, products, production levels, and commitments to quality and environmental standards.
My project title is -- ANALYTICAL STUDY ON CREAM BELL ICE CREAM COMPANY MARKET SHARES, PRODUCTS & SERVICES & CONSUMER PERCEPTION , BEHAVIOR & SATISFACTION ABOUT CREAM BELL ICE CREAM – in LUCKNOW MARKET.
Also to find retail network size of CREAM BELL ICE CREAM in LUCKNOW and to go through the retail network to know retailers view about supply chain of CREAM BELL ICE CREAM, to know the complaints of CREAM BELL ICE CREAM and to find suggestions from retailers for more penetration of CREAM BELL ICE CREAM in LUCKNOW region.
“ The study of customer satisfaction, a business term, is a measure of how products and services supplied by a company meet or surpass customer expectation.”
This helps to know customer satisfaction with a service by using the gap between the customer’s expectations of performance. This provides the measurer with a satisfaction “GAP” which is objective and quantitative in nature. “Customer satisfaction provides a leading indicator of consumer purchase intentions and loyalty.” Customer Satisfaction data are among the most frequently collected indicators of market perceptions.
It is seen as a key performance indicator within business and is a part of the four perspectives of Balanced Scorecard.
Regards
RAHUL SINGH
Agricultural Development Associates Program(Krusi Unnat
sahajogi) is one of its kind apprenticeship program in the
country, which aims to leverage the final year undergraduate
students in improving the extension activities in the focus
blocks of the state. The students were employed as an agent
of change on the ground.
This document describes a garam masala product called Zayekedar garam masala. It lists 12 spices used in the masala and notes that only high quality raw materials are used. Currently it is launched in Maharashtra but plans to expand nationwide. Advertising includes videos, radio, and hoardings. It can be used to flavor many dishes. Production costs and main competitors are provided. Packaging comes in weights from 100g to 5kg, with price lists provided. The marketing strategy is to partner with hotels and shops. Profit per 100kg is about 800 rupees.
Group 6 presented their marketing management project on instant noodles. They selected the Yippee noodles brand, which is produced by ITC and has a 33-34% market share in India. Yippee aims to target working individuals, mothers, young people and children in urban, semi-urban, and rural areas. For its marketing mix, Yippee focuses on variety, distinctive noodle shape, and remaining lump-free after cooking. It uses packaging, labeling, product variants, and pricing between Rs. 10-40 to compete with Maggi. Promotional activities include advertising, cashbacks, and visibility on social media and in schools. The group suggested further innovations like canopy cooking displays and health-focused marketing.
The document provides information about The Pondicherry Co-operative Milk Producers Union Ltd (PONLAIT), including its origins in 1955 as the first dairy cooperative in Pondicherry. It discusses the Indian dairy industry landscape and PONLAIT's milestones over time, such as adopting a monemic symbol in 2002 and supplying milk to schools in 2003. The summary also gives an overview of PONLAIT's operations, including its 600 employees, 142 milk parlours, production process involving homogenization and pasteurization, and departments like administration, procurement, and marketing.
Summer Internship Report- 2019 (Bestech Seeds India Pvt. Ltd.)HemantMeena50
“A study of Promotion strategies adopted by Bestech Seed India Pvt. Ltd. regarding demand generation of Bajra at Sawai Madhopur, Bharatpur, Sikar districts of Rajasthan.”
The document summarizes a study on the recruitment and selection process at Coromandel International Limited, an India-based fertilizer company. It includes an introduction describing the importance of recruitment and selection for organizational success. It then outlines the objectives, methodology, data analysis, findings, and recommendations of the study focused on evaluating Coromandel's current processes and identifying areas for improvement.
Parle Products has been India's largest biscuit and confectionery manufacturer for almost 80 years. It was established in 1929 in Mumbai and began manufacturing biscuits in 1939, including their famous Parle-G biscuits. Their vision is to focus on consumer tastes and preferences, ensuring quality across India. They are headquartered in Mumbai and have diversified into foods, beverages, biscuits, sweets, snacks and beverages. They have used various advertising campaigns over the years and compete with other snack manufacturers in India.
Chambal Fertilizer vs Coromandel FertilizerRahul Shetty
From the company lister in the Super 100 Company Magazine, A Marketing analysis of both the public sector fertilizer manufacturer giants and concluding with who is a better performer.
detailed summer internship project on amul
contents:-
introduction
history
vision and mission
overview and competitors
swot analysis
pestel analysis
porters 5 force model
learning from internship
conclusion
Status of agricultural import and export in NepalSuresh Simkhada
Nepal faces large trade deficits in agricultural imports and exports. While Nepal exports some products like lentils, cardamom, tea and ginger, accounting for only about 15% of total exports, agricultural imports make up about 17% of Nepal's total import bill and are growing. Cereals, edible oils, vegetables and animal feeds are among Nepal's largest agricultural imports. The agricultural trade deficit is increasing due to population growth, lower domestic productivity and changing diets in Nepal. Barriers like small producers and infrastructure limit exports. Increasing domestic production through investment and changing consumption habits could help address the deficit.
FINANCIAL PERFORMANCE ANALYSIS ON AGRICULTURE INSURANCE COMPANY OF INDIA LIMI...Karteek Chedadeepu
The document analyzes the financial performance of Agriculture Insurance Company of India Limited from 2009-2015. Some key findings:
- Gross direct premium growth rate increased in 2011 but decreased significantly in 2015.
- Net retention ratio decreased over the years, dropping below 50% in 2011-2012 but increasing again to over 50% in later years.
- Expenses of management as a ratio of gross direct premium increased each year peaking in 2014-2015.
- Underwriting balance was positive from 2010-2011 to 2012-2013 but nearly broke even in 2013-2014 and was negative in 2014-2015.
So while some metrics like net retention ratio and underwriting balance fluctuated over time, expenses
Agriculture is a main stay of Indian economy. About fifty percent population of India is dependent upon agriculture sector for their sustenance notwithstanding its reduced share in GDP of India. Agricultural production is frequently affected by natural disasters like floods, earthquake, drought, cyclone etc. these events severely affect the income of the farmers through loss in agricultural production as these events are beyond the control of farmers. With the commercialization of agriculture, magnitude of loss due to these events is increasing. The important strategy which can effectively address the risk to output and farm income is agriculture insurance. Since independence the various agriculture insurance schemes have been introduced in the country. The main objective of this paper is to examine the growth and performance of agriculture insurance in India. The farmers who have insured their crops during the rabi season were 78362063 and during kharif season were 192794173 from 1999 00 to 2015 16 under the NAIS. Dr. Manisha | Harpreet Kaur "Crop Insurance Schemes in India: A Glance" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-5 , August 2019, URL: https://www.ijtsrd.com/papers/ijtsrd25354.pdfPaper URL: https://www.ijtsrd.com/humanities-and-the-arts/economics/25354/crop-insurance-schemes-in-india-a-glance/dr-manisha
APPARINDO was established in 1978 to introduce the insurance broker profession in Indonesia. It now has 158 direct insurance brokers and 41 reinsurance brokers. Insurance brokers contributed 25% and 24% of national insurance premiums in 2019 and 2020, respectively. Brokers provide consulting services and act on behalf of policyholders and insurers. They assist with risk assessment, insurance placement, claims processes, and selecting appropriate coverage. Regulations require brokers to only work with licensed insurers and reinsurers. Risk management is important in renewable energy projects, which face construction risks and business interruption. Brokers help owners transfer risks through insurance placements.
This document summarizes a study that assesses the performance of two major crop insurance schemes in Odisha, India: the National Agricultural Insurance Scheme (NAIS) and the Weather Based Crop Insurance Scheme (WBCIS). The study analyzes secondary data on coverage, financial performance, and operational efficiency of the schemes. It also uses primary survey data from 200 farmer households in two districts. The key findings are:
1) Coverage of crop insurance in Odisha has increased from 10-16% of cropped area from 2000-2012, but 84% remains uncovered. Coverage increased mainly due to more loanee farmers. Non-loanee farmer coverage declined over time under both schemes.
2) NA
Modeling and Estimation of loss function for crop Insurance under Indian scen...Anil k. Suthar
This is a slide show of my research paper in Crop Insurance in which we estimate the loss function associate with individual farmer. This loss function is useful for both aspect as insurer and insured. It helps to select in proper insurance policy for insured. It also help to insurer for future forecast and policy designing. Also useful in reserve creation formulation for insurer.
Modeling and Estimation of loss function for crop Insurance under Indian scen...Anil k. Suthar
This is a slide representation of my work in Crop insurance domain. I consider here crop insurance scheme for Indian scenario specially for Hanumangarh District of Rajasthan, India for 3 crop.
This document summarizes the key aspects of crop insurance in India presented by Dr. Ashish Kumar Bhutani, Joint Secretary of the Department of Agriculture, Cooperation & Farmers Welfare in the Government of India. It provides an overview of the evolution of crop insurance schemes in India from 1985 to the current Pradhan Mantri Fasal Bima Yojana (PMFBY) launched in 2016. It highlights features of PMFBY including reduced farmer premiums, expanded crop and risk coverage, and use of technology to assess losses. It also discusses the Weather Based Crop Insurance Scheme, Unified Package Insurance Scheme, and Coconut Palm Insurance Scheme.
Crop insurance schemes have evolved in India over several decades to protect farmers from risks of crop failure. The current National Agricultural Insurance Scheme (NAIS) was launched in 1999 and makes crop insurance compulsory for loan-taking farmers. It covers lower premiums but has limitations like delayed claims, low compensation levels, and exclusion of certain risks. The Modified NAIS launched in 2010 uses actuarial premiums with government subsidies to make premiums affordable for farmers. It aims to address some issues but challenges remain in accurately designing insurance indices and assessing losses. Improving coverage levels, reducing assessment costs, and faster compensation are suggested to strengthen crop insurance for farmers.
Impact of Crop Insurance on Area and Production: A Balanced Panel Model Analy...inventionjournals
This article examines the impact of three important parameters such as insurance participation (INSP), total sum insured (TSI) and total premium collected (TPC) on total area under cultivation and total production for Aman Paddy, Boro Paddy and Potato respectively in selected district Hooghly, West Bengal. The balance panel model has been used to justify the above argument. We have collected the requisite data from District Statistical Hand Books, Economic Review of West Bengal and from the Nodal Office of National Agriculture Insurance Company of India Limited, Kolkata. Our empirical finding is that both the total sum insured (TSI) and total premium collected are incentive to increase the area of these crops. The insurance participation (INSP) and total sum insured (TSI) both assist to increase the production of all crops. But the influence of total premium collected (TPC) which is different, just for Aman Paddy is non-cooperative to increase the production. We have observed an adverse significant effect of insurance participation on total area under cultivation for all crops. JEL Classification: C13, C22, Q14
Crop Insurance, the Backbone of Indian farming communityIssues and ChallengesIJERA Editor
The document discusses issues and challenges with crop insurance in India. It provides background on crop insurance programs in India, including the large government program that loses vast sums each year and more commercially viable insurance offered by private companies. Key issues discussed include the difficulties in insuring crop losses due to spatially correlated risks, problems with existing area-based and weather-based insurance programs including lack of transparency and viability, and lack of farmer interest due to lack of understanding of insurance and lack of customized products. The document examines crop insurance scenarios in various Indian states including Odisha.
This document provides an overview of crop insurance in India, including the evolution of different schemes. It discusses the risks faced by Indian farmers and different approaches to crop insurance. The major schemes discussed are the Pilot Crop Insurance Scheme from 1979-1984, the Comprehensive Crop Insurance Scheme from 1985-1999, the Experimental Crop Insurance Scheme in 1997-1998, and the National Agricultural Insurance Scheme implemented from 1999 to present. It provides details on the features and performance of each scheme. Key challenges identified include only covering loanee farmers, limited crop coverage, low sums insured, and high claim ratios under previous schemes.
This document provides an overview of crop insurance in India, including the various approaches, concepts, types of crop insurance schemes, and the evolution of crop insurance in India. It discusses the National Agricultural Insurance Scheme and its key challenges, as well as the Weather Based Crop Insurance Scheme. It also briefly covers livestock insurance schemes in India.
This document discusses agricultural insurance in India, including its evolution, performance of different schemes, and issues faced. It provides the following key points:
1) Crop insurance schemes in India have evolved from rainfall insurance in the 1920s to current national schemes that use area-yield indexes or weather indexes.
2) Yield-based schemes like NAIS insured large areas but had low claims ratios and farmer benefits. Weather index schemes have higher claims ratios but issues with basis risk remain.
3) Low insurance penetration is due to factors like farmers' low willingness to pay, lack of suitable products, and incomplete understanding of insurance purposes.
4) A comprehensive revenue assurance or income protection plan that stabilizes total farm income
Group 6 presented their marketing management project on instant noodles. They selected the Yippee noodles brand, which is produced by ITC and has a 33-34% market share in India. Yippee aims to target working individuals, mothers, young people and children in urban, semi-urban, and rural areas. For its marketing mix, Yippee focuses on variety, distinctive noodle shape, and remaining lump-free after cooking. It uses packaging, labeling, product variants, and pricing between Rs. 10-40 to compete with Maggi. Promotional activities include advertising, cashbacks, and visibility on social media and in schools. The group suggested further innovations like canopy cooking displays and health-focused marketing.
The document provides information about The Pondicherry Co-operative Milk Producers Union Ltd (PONLAIT), including its origins in 1955 as the first dairy cooperative in Pondicherry. It discusses the Indian dairy industry landscape and PONLAIT's milestones over time, such as adopting a monemic symbol in 2002 and supplying milk to schools in 2003. The summary also gives an overview of PONLAIT's operations, including its 600 employees, 142 milk parlours, production process involving homogenization and pasteurization, and departments like administration, procurement, and marketing.
Summer Internship Report- 2019 (Bestech Seeds India Pvt. Ltd.)HemantMeena50
“A study of Promotion strategies adopted by Bestech Seed India Pvt. Ltd. regarding demand generation of Bajra at Sawai Madhopur, Bharatpur, Sikar districts of Rajasthan.”
The document summarizes a study on the recruitment and selection process at Coromandel International Limited, an India-based fertilizer company. It includes an introduction describing the importance of recruitment and selection for organizational success. It then outlines the objectives, methodology, data analysis, findings, and recommendations of the study focused on evaluating Coromandel's current processes and identifying areas for improvement.
Parle Products has been India's largest biscuit and confectionery manufacturer for almost 80 years. It was established in 1929 in Mumbai and began manufacturing biscuits in 1939, including their famous Parle-G biscuits. Their vision is to focus on consumer tastes and preferences, ensuring quality across India. They are headquartered in Mumbai and have diversified into foods, beverages, biscuits, sweets, snacks and beverages. They have used various advertising campaigns over the years and compete with other snack manufacturers in India.
Chambal Fertilizer vs Coromandel FertilizerRahul Shetty
From the company lister in the Super 100 Company Magazine, A Marketing analysis of both the public sector fertilizer manufacturer giants and concluding with who is a better performer.
detailed summer internship project on amul
contents:-
introduction
history
vision and mission
overview and competitors
swot analysis
pestel analysis
porters 5 force model
learning from internship
conclusion
Status of agricultural import and export in NepalSuresh Simkhada
Nepal faces large trade deficits in agricultural imports and exports. While Nepal exports some products like lentils, cardamom, tea and ginger, accounting for only about 15% of total exports, agricultural imports make up about 17% of Nepal's total import bill and are growing. Cereals, edible oils, vegetables and animal feeds are among Nepal's largest agricultural imports. The agricultural trade deficit is increasing due to population growth, lower domestic productivity and changing diets in Nepal. Barriers like small producers and infrastructure limit exports. Increasing domestic production through investment and changing consumption habits could help address the deficit.
FINANCIAL PERFORMANCE ANALYSIS ON AGRICULTURE INSURANCE COMPANY OF INDIA LIMI...Karteek Chedadeepu
The document analyzes the financial performance of Agriculture Insurance Company of India Limited from 2009-2015. Some key findings:
- Gross direct premium growth rate increased in 2011 but decreased significantly in 2015.
- Net retention ratio decreased over the years, dropping below 50% in 2011-2012 but increasing again to over 50% in later years.
- Expenses of management as a ratio of gross direct premium increased each year peaking in 2014-2015.
- Underwriting balance was positive from 2010-2011 to 2012-2013 but nearly broke even in 2013-2014 and was negative in 2014-2015.
So while some metrics like net retention ratio and underwriting balance fluctuated over time, expenses
Agriculture is a main stay of Indian economy. About fifty percent population of India is dependent upon agriculture sector for their sustenance notwithstanding its reduced share in GDP of India. Agricultural production is frequently affected by natural disasters like floods, earthquake, drought, cyclone etc. these events severely affect the income of the farmers through loss in agricultural production as these events are beyond the control of farmers. With the commercialization of agriculture, magnitude of loss due to these events is increasing. The important strategy which can effectively address the risk to output and farm income is agriculture insurance. Since independence the various agriculture insurance schemes have been introduced in the country. The main objective of this paper is to examine the growth and performance of agriculture insurance in India. The farmers who have insured their crops during the rabi season were 78362063 and during kharif season were 192794173 from 1999 00 to 2015 16 under the NAIS. Dr. Manisha | Harpreet Kaur "Crop Insurance Schemes in India: A Glance" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-5 , August 2019, URL: https://www.ijtsrd.com/papers/ijtsrd25354.pdfPaper URL: https://www.ijtsrd.com/humanities-and-the-arts/economics/25354/crop-insurance-schemes-in-india-a-glance/dr-manisha
APPARINDO was established in 1978 to introduce the insurance broker profession in Indonesia. It now has 158 direct insurance brokers and 41 reinsurance brokers. Insurance brokers contributed 25% and 24% of national insurance premiums in 2019 and 2020, respectively. Brokers provide consulting services and act on behalf of policyholders and insurers. They assist with risk assessment, insurance placement, claims processes, and selecting appropriate coverage. Regulations require brokers to only work with licensed insurers and reinsurers. Risk management is important in renewable energy projects, which face construction risks and business interruption. Brokers help owners transfer risks through insurance placements.
This document summarizes a study that assesses the performance of two major crop insurance schemes in Odisha, India: the National Agricultural Insurance Scheme (NAIS) and the Weather Based Crop Insurance Scheme (WBCIS). The study analyzes secondary data on coverage, financial performance, and operational efficiency of the schemes. It also uses primary survey data from 200 farmer households in two districts. The key findings are:
1) Coverage of crop insurance in Odisha has increased from 10-16% of cropped area from 2000-2012, but 84% remains uncovered. Coverage increased mainly due to more loanee farmers. Non-loanee farmer coverage declined over time under both schemes.
2) NA
Modeling and Estimation of loss function for crop Insurance under Indian scen...Anil k. Suthar
This is a slide show of my research paper in Crop Insurance in which we estimate the loss function associate with individual farmer. This loss function is useful for both aspect as insurer and insured. It helps to select in proper insurance policy for insured. It also help to insurer for future forecast and policy designing. Also useful in reserve creation formulation for insurer.
Modeling and Estimation of loss function for crop Insurance under Indian scen...Anil k. Suthar
This is a slide representation of my work in Crop insurance domain. I consider here crop insurance scheme for Indian scenario specially for Hanumangarh District of Rajasthan, India for 3 crop.
This document summarizes the key aspects of crop insurance in India presented by Dr. Ashish Kumar Bhutani, Joint Secretary of the Department of Agriculture, Cooperation & Farmers Welfare in the Government of India. It provides an overview of the evolution of crop insurance schemes in India from 1985 to the current Pradhan Mantri Fasal Bima Yojana (PMFBY) launched in 2016. It highlights features of PMFBY including reduced farmer premiums, expanded crop and risk coverage, and use of technology to assess losses. It also discusses the Weather Based Crop Insurance Scheme, Unified Package Insurance Scheme, and Coconut Palm Insurance Scheme.
Crop insurance schemes have evolved in India over several decades to protect farmers from risks of crop failure. The current National Agricultural Insurance Scheme (NAIS) was launched in 1999 and makes crop insurance compulsory for loan-taking farmers. It covers lower premiums but has limitations like delayed claims, low compensation levels, and exclusion of certain risks. The Modified NAIS launched in 2010 uses actuarial premiums with government subsidies to make premiums affordable for farmers. It aims to address some issues but challenges remain in accurately designing insurance indices and assessing losses. Improving coverage levels, reducing assessment costs, and faster compensation are suggested to strengthen crop insurance for farmers.
Impact of Crop Insurance on Area and Production: A Balanced Panel Model Analy...inventionjournals
This article examines the impact of three important parameters such as insurance participation (INSP), total sum insured (TSI) and total premium collected (TPC) on total area under cultivation and total production for Aman Paddy, Boro Paddy and Potato respectively in selected district Hooghly, West Bengal. The balance panel model has been used to justify the above argument. We have collected the requisite data from District Statistical Hand Books, Economic Review of West Bengal and from the Nodal Office of National Agriculture Insurance Company of India Limited, Kolkata. Our empirical finding is that both the total sum insured (TSI) and total premium collected are incentive to increase the area of these crops. The insurance participation (INSP) and total sum insured (TSI) both assist to increase the production of all crops. But the influence of total premium collected (TPC) which is different, just for Aman Paddy is non-cooperative to increase the production. We have observed an adverse significant effect of insurance participation on total area under cultivation for all crops. JEL Classification: C13, C22, Q14
Crop Insurance, the Backbone of Indian farming communityIssues and ChallengesIJERA Editor
The document discusses issues and challenges with crop insurance in India. It provides background on crop insurance programs in India, including the large government program that loses vast sums each year and more commercially viable insurance offered by private companies. Key issues discussed include the difficulties in insuring crop losses due to spatially correlated risks, problems with existing area-based and weather-based insurance programs including lack of transparency and viability, and lack of farmer interest due to lack of understanding of insurance and lack of customized products. The document examines crop insurance scenarios in various Indian states including Odisha.
This document provides an overview of crop insurance in India, including the evolution of different schemes. It discusses the risks faced by Indian farmers and different approaches to crop insurance. The major schemes discussed are the Pilot Crop Insurance Scheme from 1979-1984, the Comprehensive Crop Insurance Scheme from 1985-1999, the Experimental Crop Insurance Scheme in 1997-1998, and the National Agricultural Insurance Scheme implemented from 1999 to present. It provides details on the features and performance of each scheme. Key challenges identified include only covering loanee farmers, limited crop coverage, low sums insured, and high claim ratios under previous schemes.
This document provides an overview of crop insurance in India, including the various approaches, concepts, types of crop insurance schemes, and the evolution of crop insurance in India. It discusses the National Agricultural Insurance Scheme and its key challenges, as well as the Weather Based Crop Insurance Scheme. It also briefly covers livestock insurance schemes in India.
This document discusses agricultural insurance in India, including its evolution, performance of different schemes, and issues faced. It provides the following key points:
1) Crop insurance schemes in India have evolved from rainfall insurance in the 1920s to current national schemes that use area-yield indexes or weather indexes.
2) Yield-based schemes like NAIS insured large areas but had low claims ratios and farmer benefits. Weather index schemes have higher claims ratios but issues with basis risk remain.
3) Low insurance penetration is due to factors like farmers' low willingness to pay, lack of suitable products, and incomplete understanding of insurance purposes.
4) A comprehensive revenue assurance or income protection plan that stabilizes total farm income
Weather Risk Services is a global risk management company that provides innovative insurance and information services using data, technology, and automation. It has over 100 employees operating across India and globally. The document outlines Weather Risk Services' vision, clients, impact, and proposals for developing customized weather and crop insurance programs through a three phase approach of planning, piloting, and scaling up.
The document summarizes key points about implementing crop insurance schemes in Andhra Pradesh for the 2016 Kharif season. The Pradhan Mantri Fasal Bima Yojana (PMFBY) crop insurance program is being implemented in 13 districts split into two clusters. Key crops covered are listed. Issues with previous implementations like delays in claims settlement and coverage of tenant farmers are addressed. The action plan focuses on increasing awareness through various programs and ensuring timely claims processing using remote sensing technologies. Historical claims data from previous years under various insurance schemes like NAIS, MNAIS and WBCIS are also presented.
This document discusses crop insurance in India. It outlines several challenges facing Indian agriculture like small land holdings, soil exhaustion, drought vulnerability, and issues with minimum support prices. To address risk, the government offers various crop insurance options like yield index insurance and weather index insurance. India has had a publicly administered crop insurance scheme since 1972, but all variants introduced had flaws and incurred losses. The latest initiative is Pradhan Mantri Fasal Bima Yojna launched in 2016 to incorporate the best features of previous schemes and remove weaknesses in an effort to alleviate farmer distress.
Law and Agriculture PPT- SHIVANI SINGH(128).pptx85Topper
Agricultural insurance provides protection to farmers against losses from crop failures caused by natural disasters and other events beyond their control. India has implemented several agricultural insurance schemes over the years to address this issue, with varying degrees of success. The current flagship scheme is Pradhan Mantri Fasal Bima Yojana (PMFBY), launched in 2016, which aims to reduce farmers' insurance premium burden and ensure timely settlement of claims. However, past schemes faced issues and left many farmers uninsured, so further improvements may be needed to achieve wide coverage of farmers across India.
1. The document summarizes Nyala Insurance's experience providing microinsurance in Ethiopia from 2007-2010, including multiperil crop insurance and weather index crop insurance.
2. It identifies lessons learned, such as lack of farmer awareness and affordability issues, insufficient insurer data and capacity, and a need for better coordination between stakeholders.
3. Recommendations are made to enhance education and training, make farmer livelihoods the priority, establish a legal framework, improve products and processes, and foster collaboration across government, insurers, donors and banks.
Crop insurance plays a key role in managing agricultural risk. It allows farmers to pool unpredictable yield and revenue risks, making losses more predictable. The US has a unique public-private partnership where the government subsidizes premiums and offers reinsurance so farmers can afford coverage, and private companies deliver the program and service policies. Under this system, crop insurance has grown to provide billions of dollars in coverage and indemnities annually to US agriculture.
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2. ➢ Claiming of risk from droughts,pests and diseases
➢ Agriculture insurance company came in 20th December 2002
different types of insurances
➢ Crop Insurance, Wheather Insurance, National Agriculture
Insurance Scheme, Pradhana Manthri Fasal Bhima Yojana, Varsha
Bheema Yojana.
➢ The first crop insurance scheme was “General Insurance”
Department of Life Insurance Corporation of India
➢ Prof V.M. Dandekar is the father of crop insurance,introduced the
pilot crop insurance in 1979
AGRICULTURE INSURANCE:
3. EVOLUTION OFAGRICULTURE INSURANCE SCHEMES
Name of the policy under Agriculture
Insurance
Time period
Comprehensive crop insurance 1985-1997
Experimental crop insurance 1997-98
National agriculture insurance scheme 1997-2000
Pilot scheme on seed crop insurance 2000
Farm income insurance scheme 2003-04
Pradana manthri fasal bhima yojana 2016 febrauary
4. REVIEW OF LITERATURE
➢ The agriculture insurance study on the income guarantee scheme or the risk
management tool,investment in infrastructure. -Jennifer iftt
➢ A study on interstate companies with respect to crop insurance ,the AIC
taken the role of implementation agency from analysis it shows the AIC
cannot bears all risk and gives poor interest, the private companies will bear
all risk. -Sinha
➢ Farmers perception and awareness about crop insurance in north east part of
India. - gowdappa, sb reddy, chandrashekar
➢ A study on farmers perception and awareness toward risk management tool.
-Suresh kumara, Barahb,ranganathana
5. OBJECTIVE OF STUDY
➢ The main objective of study is to know the
financial performance of the agriculture insurance
company.
➢ How many farmers were insured,from sum of
amount. And it can know the analysis from the
data.
6. RESEARCH METHODOLOGY
➢ This study is based on the secondary data
➢ The data is collected from the the
agriculture insurance company and IRDAI
annual reports
7. Data Analysis On Agri Insurance Company
Particulars 2009-10 2010-11 2011-2012 2012-13 2013-14 2014-15
Gross Direct
Premium
Growth Rate
82.42 2826 3214 2796 296 -19.30
Gross Direct
Premium To
Net Worth
Ratio*
196.95 173.09 186.60 189.06 1.7 1.28
Net Retention
Ratio
83.43 65.81 52.67 48.38 50.08 54.62
Net
Commission
Ratio
-3.49 -9,89 -17.43 -13.95% -10.13% -4.56
Expenses Of
Management
To Gross Direct
Premium Ratio
1.7 2.78 2.38 2.37 2.89 3.70
Combined
Ratio
93.95 75.89 60.48 79.51 98.24 108.55
Underwriting
Balance Ratio
-11.24 32.11 36.8 14.7 0.02 -0.09
Net Earnings
Ratio
2.63 29.63 37 21.83 14.62 11.23
Solvency 2.07 3.71 3.18 2.47 2.6 3.18
9. INTERPRETATIONS
➢ The gross domestic premium have an increase in the 2011 and there
is a change in 2015
➢ The net retention period has slightly decreased year
➢ The net commission period has slightly decreased and increased in
2015
➢ The combined ratio has gradually increased
➢ Net earnings ratio has been gradually increased and decreased
slightly
➢ Under write of balance ratio starts with negative. And there is a slight
I
➢ Increased and it came to negative points.
10. Present status Rabi crop insurance for 2011-15
Rabi
2010-11
Rabi 2011-
12
Rabi
2012-13
Rabi
2013-14
year No of
farmers
insured
Sum
insured
No of
farmers
insured
Sum
insured
No of
farmers
insured
Sum
insured
No of
farmers
insured
Sum
insured
2011-
12
16.67 1,128
crore
4.17
lakh
1,128
crore
496787
8
110105
5.62
- -
2012-
13
5.97 1,531
cror
- -
523929
9
112839
3.63
523929
9
112839
3.63
2013-
14
- - 20.37
crore
283458
crore
15702 11.636
136713
614167
7
157100
8.05
2014-
15
- - - - - -
397358
8
125520
4.1
11. Karif Crop Insurance For 2010-15
Karif
2011
Karif
2012
Karif
2013
Karif
2014
Year No of
farmer
s
insure
d
Sum
Insured
No of
farmers
insured
Sum
Insured
No of
farmers
insured
Sum
Insured
No of
farmers
insured
Sum
Insured
2011-12 - - 18.76
Crore
2,44,68
0 crore.
115545
61
234871
0.3
- -
2012-13 - - 20.37
Crore
283458
Crore
106454
05
271813
6
1064935
4
271990
6.0
2013-14 - - - - 103224
01
297960
1.5
9749600 290021
8.3
2014-15 - - - - - - 9683529 243878
3.9
13. ANALYSIS OF CURRENT STATUS ON RABI AND
KARIF CROPS
➢ In 2010-11, Number of farmers were insured 16.67 for sum of 1,128
crores.
➢ In the Year 2011-12, These are the farmers were insured 4.17 lakh,
for sum of the 1,128 crore
14. CONCLUSION
➢ It is very important to the farmers, to mitigate the losses
➢ We can know the financialperformance of the agriculture
insurance company
➢ By this we can know the how many farmers are insured.
➢ And the growth of the company.
➢ It explains the less risk to farmers if they were insured.