AIC strengthens its technology-enabled insurance ecosystem through the use of advanced analytics, geospatial technologies, satellite imagery, remote sensing and AI-based tools, Lavanya Mundayur,CMD, Agriculture Insurance Company
New Delhi:State owned Agriculture Insurance Company(AIC) settled Rs 9,571 crore of claims benefitting more than 1.75 crore farmers in FY 26.
AIC further strengthened its technology-enabled insurance ecosystem through the use of advanced analytics, geospatial technologies, satellite imagery, remote sensing and AI-based tools,said company’s CMD Lavanya Mundayur.
“These initiatives supported improved operational efficiency, enhanced transparency and streamlined service delivery across insurance operations.Driven by technology-led transformation and operational excellence, the company has reported a strong financial performance for FY 2025-26,” stated Mundayur.
Mundayur, who has been recommended by the Financial Services Institutions Bureau (FSIB) for the post of CMD of New India Assurance Company, highlighted that AIC recorded a gross direct premium (GDP) of ₹10,279 crore during the year and issued more than 6.40 crore insurance policies to the rural population.
The country’s largest specialised crop insurance has demonstrated a sustained financial strength, improved operational efficiency, and continued commitment to protecting the livelihoods of millions of farmers across the country, she commented,
“More than 4.5 crore policies were physically distributed to policyholders under the government’s “Meri Policy Mere Haath (MPMH)” initiative,” informed Mundayur.
AIC’s net worth increased to Rs9,165 crore as on 31st March 2026, reflecting an increase of nearly Rs885 crore over the previous year and underscoring the insurer’s consistent value creation and financial resilience.
The company’s continued to maintain a robust financial position during FY 2025-26, with its Solvency Margin increasing to 4.42.