Agriculture Insurance Company of India and India Post Payments Bank have signed a corporate agency agreement for distribution of AIC’s crop insurance products through the postal network of nearly 15.5 million post offices and 300,000 postal employees across the country. AIC is a government-owned specialized crop insurance company and a market leader in crop insurance in India. The strategic tie-up will be a win-win for both AIC and IPPB and will ultimately be beneficial mainly to the small and marginal farmers of the country at large. It is also expected to strengthen and consolidate the Prime Minister’s vision of “Doubling of Farmers’ Income” and “Aatmanirbhar Kisan”.
