The Agriculture Insurance Company of India Limited has joined hands with Gramcover, a rural insurtech startup to collectively enhance rural insurance penetration. By utilising the expertise of Gramcover in rural insurtech space, this partnership aims to target 25 million farmers across the aspirational districts.

AICIL and Gramcover will work together on market research to identify and develop need-based rural insurance products to protect the livelihood of the farmers against all insurable risks, thereby extending comprehensive insurance coverage in rural parts of India.