印度农作物保险市场评估：依类型、承保类型、保险公司类型和地区划分的机会和预测（2018-2032）

印度农作物保险市场规模预计将从2024年的45.6亿美元成长到2031年的82.1亿美元，预测期间内复合年增长率为7.62%。

农作物保险帮助农业第一产业部门应对环境对农作物产量带来的不确定性，已成为印度各类机构和组织提供的重要工具。农业是印度约65%人口的主要生计来源，该部门的復原力和稳定性对于确保粮食安全和永续经济成长至关重要。在此背景下，印度政府和各私人企业分别加强了农作物保险计画和产品，旨在减轻农民面临的固有风险，并增强他们面对逆境的抵御能力。

农作物保险在印度农业中具有重要意义和巨大的成长潜力，因为从保险的角度来看，印度农业部门在很大程度上尚未开发。与其他已开发国家和发展中国家不同，印度很大一部分农业和第一产业没有农作物保险。公共和私营部门共同努力，透过提供针对干旱、洪水、热带气旋、病虫害等一系列风险的保险，保护农民免受潜在损失，并改善农业的增长和健康。卫星影像、遥感和数位平台的使用正在彻底改变农作物保险格局，实现更准确的风险评估、高效的索赔处理和更高的透明度。

注重农民教育与意识：

印度农业的很大一部分缺乏对农作物保险等金融产品的瞭解和认识。为了扩大印度的农作物保险市场，重点放在农民教育和意识活动上，以提高对农作物保险产品、保险福利和索赔程序的瞭解。努力提高农民的金融知识和促进风险管理实践对于增进对农作物保险制度的瞭解和有效性至关重要。

本报告调查了印度农作物保险市场，并提供了市场定义和概述、市场规模趋势和预测、各个细分市场和地区的详细分析、行业结构、影响市场成长的因素分析以及案例研究、竞争格局、主要概况。

目录

第一章研究方法论

第二章 专案范围与定义

第三章执行摘要

第四章 客户回馈

• 人口统计
• 市场意识和产品讯息
• 品牌知名度和忠诚度
• 做出购买决定时会考虑的因素
• 购买管道
• 购买目的
• 购买频率
• 现有或计划用户
• 朋友和家人的推荐/线上评论
• 品牌大使和影响者行销在促进产品/品牌渗透方面的作用

第五章 印度农作物保险市场展望

• 市场规模/预测
• 依类型
  • 多险作物保险
  • 基于生产历史的产量保险
  • 收入健康
• 依补偿详情
  • 局部灾害
  • 播种/种植/发芽风险
  • 库存损失
  • 收穫后损失
• 依保险公司类型
  • 私人的
  • 事业单位
  • 政府
  • 其他
• 依地区
  • 东
  • 西部/中部地区
  • 北方
  • 南部
• 市占率：依公司划分，2024 年

第 6 章 市集测绘，2024 年

第七章 宏观环境与产业结构

• 供需分析
• 进出口分析
• 价值链分析
• PESTEL 分析
• 波特五力分析

第八章市场动态

• 生长促进因子
• 生长抑制因素（问题/限制）

第九节 主要公司状况

• 前 5 名市场领导者的竞争矩阵
• 前 5 名市场领导者的市场收入分析
• 併购/合资（如适用）
• SWOT分析（5家参与企业）
• 专利分析（如果适用）

第10章价格分析

第11章案例研究

第十二章 主要公司展望

• ICICI Lombard General Insurance Co. Ltd
• Tata Capital Financial Services Ltd
• Tata AIG General Insurance
• Reliance General Insurance
• Bajaj Allianz General Insurance
• SBI General Insurance
• Reliance General Insurance Co. Ltd.
• Cholamandalam MS General Insurance Co. Ltd.
• Agriculture Insurance Company of India Ltd (AIC)
• National Insurance Company Limited (NICL)

第十三章 战略建议

第14章关于我们公司/免责声明

India crop insurance market is projected to witness a CAGR of 7.62% during the forecast period FY2025-FY2032, growing from USD 4.56 billion in FY2024 to USD 8.21 billion in FY2032. Crop insurance is a vital tool provided by various institutions and agencies in India as it helps in combating the primary sector of India against the uncertainties posed by the environment on the farmer's crop yield. Agriculture being the primary source of livelihood for a significant portion of Indian population, about 65%, the resilience and stability of the sector is paramount for ensuring food security and sustainable economic growth. In the context, Indian government and various private players have undertaken concerted efforts to bolster crop insurance schemes and products respectively, aiming to mitigate the inherent risks faced by farmers and bolster their resilience in the face of adversities.

Crop insurance possesses significant importance and enormous growth potential in Indian agriculture context because the Indian agricultural sector is still largely untapped from an insurance point of view. As compared with other developed and developing countries large part of Indian agriculture and primary sector is not exposed to crop insurance. Through a blend of public and private sector participation, they offer coverage against a spectrum of perils including droughts, floods, cyclones, pests, and diseases, thereby cushioning farmers from potential losses and fostering a conducive environment for agricultural prosperity and the sectoral welfare. Technology plays a fair share in the sector of crop insurance as the use of satellite imagery, remote sensing, and digital platforms has revolutionized the landscape of crop insurance, enabling more accurate risk assessment, efficient claim processing, and enhanced transparency.

Focus on Farmer Education and Awareness

On the larger part of Indian agriculture sector, there is a lack of knowledge and awareness regarding financial instruments such as crop insurance. To expand India crop insurance market, there is a growing emphasis on farmer education and awareness initiatives to improve understanding of crop insurance products, coverage benefits and claims processes. Efforts to enhance financial literacy and promote risk management practices among farmers are essential for increasing the understanding and effectiveness of crop insurance schemes.

In a study conducted by Government Polytechnic College, Ooty, India in 2018, it was identified that 64 percent of farmers are not aware of the crop insurance scheme and among those who know about such schemes, majority of them are not satisfied with these plans.

Customization and Tailored Products to Become India Crop Insurance Market Trend

India is a large and diverse country and due to various demographics and climatic conditions, the needs of farmers vary from region to region. There is a growing recognition of the need for customized and tailored insurance products that cater to specific needs and risks faced by farmers in different regions and cropping patterns. For instance, in dryland farming, drought is severely affecting farmers through loss in production. Drought is a situation of lower-than-normal rainfall and its management and mitigation is important for future sustainability of agriculture production, productivity, and livelihoods. Insurers are offering flexible coverage options, premium rates, and payout structures to better align with the diverse requirements of farmers and ensure optimal risk mitigation. Agricultural insurance is considered as an important mechanism to address the risk of output and income resulting from various natural and man-made events.

Unlike generic insurance plans, Kshema provides personalized coverage options through the Kshema Sukriti policy, which allows farmers to select two perils that they believe have the highest occurrence probability in their region at an affordable cost of INR 499 per acre.

Government to Strengthen India Crop Insurance Market Size

Government policies and initiatives play a significant role in driving the growth of India crop insurance market. Majority of Indian population is involved in agricultural and allied activities, both directly and indirectly, thus the government plays an enhanced role in safeguarding the interests of a vast population. Regularly, the government of India launched various schemes that help farmers tackle unforeseen climatic situations. Programs such as Pradhan Mantri Fasal Bima Yojana (PMFBY) and Weather-Based Crop Insurance Scheme (WBCIS) are aimed at increasing the penetration of crop insurance and providing financial protection to farmers against crop losses due to natural calamities and other risks. Subsidized premiums, efficient claim settlement mechanisms, and increased awareness campaigns are some of the measures undertaken by the government to promote crop insurance uptake.

Pradhan Mantri Fasal Bima Yojana (PMFBY), introduced by prime minister of India on February 18, 2016, is a government-sponsored crop insurance policy for farmers. It was created by the 'One Nation-One Scheme' theme. It intends to offer farmer insurance coverage and financial assistance if any of the registered crops fail due to natural disasters, pests, or disease. Apart from it, the PMFBY is designed to stabilize farmers' incomes so that they continue farming, to encourage them to embrace innovative and contemporary agricultural practices, and to ensure the flow of credit to the agriculture sector.

In February 2024, three new initiatives were launched: Kisan Rakshak Helpline 14447 and Portal, Agri-Insurance Sandbox Framework Platform SARTHI and Learning Management System (LMS) Platform to strengthen crop insurance and benefit India's farming community as a whole.

Future Market Scenario (FY2025 - FY2032F)

India crop insurance market is expected to expand consistently over the coming years due to a large consumer base and a significant population engaged in agricultural activities both directly and indirectly.

India crop insurance market is likely to transform significantly over the coming years due to the integration of technology in various products and services with high and increasing emphasis on digitalization through online application processes with paperless transactions and verification methods.

On the lines of India crop insurance market it is expected that the market will help both private and public players and shortly more crop insurance schemes and plans will be launched that will offer personalized options.

Key Players Landscape and Outlook

There are several key players in India crop insurance market that are shaping the primary sector and contributing to its development and growth. However, the Government of India and its entities play a major role. Government agencies such as the Ministry of Agriculture and Farmers Welfare, along with state-level agricultural departments, play a central role in designing, implementing, and overseeing crop insurance schemes. Public sector insurance companies such as Agriculture Insurance Company of India Limited (AIC), National Insurance Company Limited (NICL), and United India Insurance Company Limited (UIIC) are major players in India crop insurance market. Private sector insurers such as ICICI Lombard, HDFC Ergo, Bajaj Allianz, and IFFCO Tokio General Insurance participate in the crop insurance market. They offer innovative insurance products, competitive pricing, and customer-centric services to farmers, contributing to the overall growth and competitiveness of the market.

Overall, India crop insurance market is poised for continued expansion and evolution, driven by government support, technological innovation, increasing awareness, and the imperative of climate change adaptation.

Table of Contents

1.Research Methodology

2.Project Scope & Definitions

3.Executive Summary

4.Voice of Customer

• 4.1.Demographics (Age/Cohort Analysis - Baby Boomers and Gen X, Millennials, Gen Z; Gender; Income - Low, Mid, and High; Geography; Nationality; etc.)
• 4.2.Market Awareness and Product Information
• 4.3.Brand Awareness and Loyalty
• 4.4.Factors Considered in Purchase Decision
  • 4.4.1.Premium Rate
  • 4.4.2.Crop Type
  • 4.4.3.Geography
  • 4.4.4.Institute Reputation
  • 4.4.5.Production History
  • 4.4.6.Personalized and Customized Options
• 4.5.Purchase Channel
• 4.6.Purpose of Purchase
• 4.7.Frequency of Purchase
• 4.8.Existing or Intended User
• 4.9.Recommendations from friends, family/online reviews
• 4.10.Role of Brand Ambassador or Influencer Marketing on Product/Brand Absorption

5.India Crop Insurance Market Outlook, FY2018 -FY2032F

• 5.1.Market Size & Forecast
  • 5.1.1.By Value
• 5.2.By Type
  • 5.2.1.Multiple Peril Crop Insurance
  • 5.2.2.Actual Production History
  • 5.2.3.Crop Revenue Coverage
• 5.3.By Coverage Type
  • 5.3.1.Localized Calamities
  • 5.3.2.Sowing/Planting/Germination Risk
  • 5.3.3.Standing Crop Loss
  • 5.3.4.Post-harvest Losses
• 5.4.By Insurer Type
  • 5.4.1.Private Institution
  • 5.4.2.Public Institution
  • 5.4.3.Government
  • 5.4.4.Other
• 5.5.By Region
  • 5.5.1.East
  • 5.5.2.West and Central
  • 5.5.3.North
  • 5.5.4.South
• 5.6.By Company Market Share (%), FY2024

6.Market Mapping, FY2024

• 6.1.By Type
• 6.2.By Loan Tenure
• 6.3.By Age
• 6.4.By Employment Type
• 6.5.By Region

7.Macro Environment and Industry Structure

• 7.1.Supply Demand Analysis
• 7.2.Import Export Analysis
• 7.3.Value Chain Analysis
• 7.4.PESTEL Analysis
  • 7.4.1.Political Factors
  • 7.4.2.Economic System
  • 7.4.3.Social Implications
  • 7.4.4.Technological Advancements
  • 7.4.5.Environmental Impacts
  • 7.4.6.Legal Compliances and Regulatory Policies (Statutory Bodies Included)
• 7.5.Porter's Five Forces Analysis
  • 7.5.1.Supplier Power
  • 7.5.2.Buyer Power
  • 7.5.3.Substitution Threat
  • 7.5.4.Threat from New Entrant
  • 7.5.5.Competitive Rivalry

8.Market Dynamics

• 8.1.Growth Drivers
• 8.2.Growth Inhibitors (Challenges and Restraints)

9.Key Players Landscape

• 9.1.Competition Matrix of Top Five Market Leaders
• 9.2.Market Revenue Analysis of Top Five Market Leaders (in %, FY2024)
• 9.3.Mergers and Acquisitions/Joint Ventures (If Applicable)
• 9.4.SWOT Analysis (For Five Market Players)
• 9.5.Patent Analysis (If Applicable)

10.Pricing Analysis

11.Case Studies

12.Key Players Outlook

• 12.1.ICICI Lombard General Insurance Co. Ltd
  • 12.1.1.Company Details
  • 12.1.2.Key Management Personnel
  • 12.1.3.Products & Services
  • 12.1.4.Financials (As reported)
  • 12.1.5.Key Market Focus & Geographical Presence
  • 12.1.6.Recent Developments
• 12.2.Tata Capital Financial Services Ltd
• 12.3.Tata AIG General Insurance
• 12.4.Reliance General Insurance
• 12.5.Bajaj Allianz General Insurance
• 12.6.SBI General Insurance
• 12.7.Reliance General Insurance Co. Ltd.
• 12.8.Cholamandalam MS General Insurance Co. Ltd.
• 12.9.Agriculture Insurance Company of India Ltd (AIC)
• 12.10.National Insurance Company Limited (NICL)

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

13.Strategic Recommendations

14.About Us & Disclaimer

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1.India Crop Insurance Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2.India Crop Insurance Market Share (%), By Type, FY2018-FY2032F
• Figure 3.India Crop Insurance Market Share (%), By Coverage Type, FY2018-FY2032F
• Figure 4.India Crop Insurance Market Share (%), By Insurer Type, FY2018-FY2032F
• Figure 5.India Crop Insurance Market Share (%), By Region, FY2018-FY2032F
• Figure 6.By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 7.By Coverage Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 8.By Insurer Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 9.By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024