The scope of rural insurance is very high although it is poorly realised. Rural areas having 70 percent of total population, livelihood to two-third of the total population, supply of raw materials to industrial production and other economic activities have compelled the insurance educators to make the insurance companies enter in the rural population.
The agriculture is full of vagaries and natural calamities, which impede the sustainable growth of the country by sustaining agricultural development. The natural risks and disasters have pulled back the rural development.
Therefore, there are dire needs of insurance of rural risks. Crop insurance, cattle insurance, life and property insurance, general insurance etc. have abundant scope of development.