Unseasonal rains and
hailstorms are likely to result in insurance claims to the tune of Rs 100 crore
for crop losses, as per Agriculture Insurance Company (AIC).
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Uttar
Pradesh may top the list of states when it comes to crop insurance claims
and AIC has exposure to only 13 districts in the Bundelkhand region and is
staring at claims of Rs 25 crore from the state.
for
2014-15, the company has already settled Rs 5,167.58 crore in claims and
underwritten Rs 2,750 crore in premium.
For
AIC, Madhya Pradesh topped the chart in claim settlement during 2014-15 and the
company had to pay Rs 2,000 crore in this state alone. It was followed by Tamil
Nadu (Rs 800 crore), Andhra Pradesh (Rs 400 crore) and Uttar Pradesh (Rs 270
crore).
Largest
private sector general insurer ICICI Lombard had an underwritten premium of
around Rs 500 crore during 2014-15
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