Marine Fisheries Insurance in India: Status and prospects
2017
Insurance in the fisheries sector in India, unlike
that of crop and livestock, does not have a long
history or an organized structure to boast of. Except
for the presence of a few public sector insurance
companies and cooperative bodies at the local level
with limited scale of activity, the sector has received
little attention either at the central or state levels.
The private sector operation in this arena is also
limited to a few cases scattered over time and
space. Among the available options, the ‘Group
Accident Insurance Scheme for Active Fishermen’
is the only major programme presently in operation
that covers the life/disability risks of the boat crew.
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