印度農作物保險市場評估：依類型、承保類型、保險公司類型和地區劃分的機會和預測（2018-2032）

印度農作物保險市場規模預計將從2024年的45.6億美元成長到2031年的82.1億美元，預測期間內複合年增長率為7.62%。

農作物保險幫助農業第一產業部門應對環境對農作物產量帶來的不確定性，已成為印度各類機構和組織提供的重要工具。農業是印度約65%人口的主要生計來源，該部門的復原力和穩定性對於確保糧食安全和永續經濟成長至關重要。在此背景下，印度政府和各私人企業分別加強了農作物保險計畫和產品，旨在減輕農民面臨的固有風險，並增強他們面對逆境的抵禦能力。

農作物保險在印度農業中具有重要意義和巨大的成長潛力，因為從保險的角度來看，印度農業部門在很大程度上尚未開發。與其他已開發國家和發展中國家不同，印度很大一部分農業和第一產業沒有農作物保險。公共和私營部門共同努力，透過提供針對乾旱、洪水、熱帶氣旋、病蟲害等一系列風險的保險，保護農民免受潛在損失，並改善農業的增長和健康。衛星影像、遙感和數位平台的使用正在徹底改變農作物保險格局，實現更準確的風險評估、高效的索賠處理和更高的透明度。

注重農民教育與意識：

印度農業的很大一部分缺乏對農作物保險等金融產品的瞭解和認識。為了擴大印度的農作物保險市場，重點放在農民教育和意識活動上，以提高對農作物保險產品、保險福利和索賠程序的瞭解。努力提高農民的金融知識和促進風險管理實踐對於增進對農作物保險制度的瞭解和有效性至關重要。

本報告調查了印度農作物保險市場，並提供了市場定義和概述、市場規模趨勢和預測、各個細分市場和地區的詳細分析、行業結構、影響市場成長的因素分析以及案例研究、競爭格局、主要概況。

目錄

第一章研究方法論

第二章 專案範圍與定義

第三章執行摘要

第四章 客戶回饋

• 人口統計
• 市場意識和產品訊息
• 品牌知名度和忠誠度
• 做出購買決定時會考慮的因素
• 購買管道
• 購買目的
• 購買頻率
• 現有或計劃用戶
• 朋友和家人的推薦/線上評論
• 品牌大使和影響者行銷在促進產品/品牌滲透方面的作用

第五章 印度農作物保險市場展望

• 市場規模/預測
• 依類型
  • 多險作物保險
  • 基於生產歷史的產量保險
  • 收入健康
• 依補償詳情
  • 局部災害
  • 播種/種植/發芽風險
  • 庫存損失
  • 收穫後損失
• 依保險公司類型
  • 私人的
  • 事業單位
  • 政府
  • 其他
• 依地區
  • 東
  • 西部/中部地區
  • 北方
  • 南部
• 市佔率：依公司劃分，2024 年

第 6 章 市集測繪，2024 年

第七章 宏觀環境與產業結構

• 供需分析
• 進出口分析
• 價值鏈分析
• PESTEL 分析
• 波特五力分析

第八章市場動態

• 生長促進因子
• 生長抑制因素（問題/限制）

第九節 主要公司狀況

• 前 5 名市場領導者的競爭矩陣
• 前 5 名市場領導者的市場收入分析
• 併購/合資（如適用）
• SWOT分析（5家參與企業）
• 專利分析（如果適用）

第10章價格分析

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 戰略建議

第14章關於我們公司/免責聲明

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