date:Jul 11, 2012
vation in the claim settlement process for weather insurance products.
In 2011-12, over 22 lakh farmers with36 lakh hectares of land across 12 states were covered by ICICI Lombard. Of these, 11 lakh farmers and nearly 22 lakh hectares of land were covered during the Kharif 11 season. In the Rabi 11-12 season, the company insured 4,000 farmers and close to 10,000 hectares of land in Karnataka.
Alok Agarwal, executive director, ICICI Lombard General Insurance, explains, Agriculture is a signific