Agriculture Insurance Company of India Emerges L1 with ₹1,251.7 Cr Bid for Rajasthan PMFBY 2026-27, Outbidding 12 Rivals
Financial Evaluation Key Takeaways
- ✓ Agriculture Insurance Company of India Limited is L1 with a ₹1,251.7 Cr bid.
- ✓ The tender is for PMFBY 2026-27 in Rajasthan, floated by Agriculture Deptt - Commissioner.
- ✓ 13 bidders participated, all admitted to financial evaluation.
- ✓ United India Insurance Company Limited and tata aig gic limited ranked L2 and L3.
- ✓ Financial bids were opened on 25 June 2026 via EPROCURE.
- ✓ Contract award is pending formal decision.
Agriculture Insurance Company of India Limited has emerged as the lowest (L1) bidder with a ₹1,251.7 crore quote for the PMFBY 2026-27 crop insurance scheme in Rajasthan, as per financial bids opened by the Agriculture Deptt - Commissioner. The result follows a competitive process involving 13 major insurance firms.
In a fiercely contested tender for the Pradhan Mantri Fasal Bima Yojana (PMFBY) 2026-27 in Rajasthan, Agriculture Insurance Company of India Limited has emerged as the lowest (L1) bidder, quoting ₹1,251.7 crore. The financial bids, opened by the Agriculture Deptt - Commissioner, saw participation from 13 leading insurance firms.
The tender, managed through the EPROCURE platform, aims to provide crop insurance coverage across Rajasthan for the upcoming agricultural year. The financial bid opening took place on 25 June 2026, with the result officially recorded on 30 June 2026.
The Award
Agriculture Insurance Company of India Limited has emerged as the L1 (lowest) bidder for the PMFBY 2026-27 crop insurance scheme in Rajasthan, quoting ₹1,251.7 crore. This result positions the company as the presumptive winner, pending final award by the Agriculture Deptt - Commissioner.
Bidders (13)
About the Project
- The tender covers the implementation of PMFBY 2026-27 for Rajasthan State.
- Procurement was conducted by the Agriculture Deptt - Commissioner, Jaipur.
- The project aims to provide comprehensive crop insurance to farmers across Rajasthan.
- All 13 bidders were admitted to the financial evaluation stage.
- The process was managed via the EPROCURE platform.
Why It Matters
This result is significant for Rajasthan's agricultural sector, as it determines the lead insurer for the state's flagship crop insurance scheme, impacting millions of farmers' risk coverage for the 2026-27 season.
With Agriculture Insurance Company of India Limited emerging as the L1 bidder, the Rajasthan PMFBY 2026-27 tender moves closer to finalisation. The formal contract award will follow the authority's due diligence and approval process.
