Budget 2024: Crop insurance outlay on the rise
Crop insurance budgeted to increase by 41% from 2023 expenditure; 4 crore farmers benefit
Crop insurance budgeted to increase by 41% from 2023 expenditure; 4 crore farmers benefit
IRDAI has also reduced the solvency margin requirement for insurance companies offering crop insurance to increase the capacity of general insurers to underwrite more business.
No country has become a developed nation without a solid base of Insurance which is stable and well regulated.