Shri Suparas Bhandari was the first Chairman-cum-Managing Director of Agriculture Insurance Company of India Ltd. (AIC). He came from the culturally rich state of Rajasthan. He is a Bachelor of Sciences as well as a Bachelor of Law.
Shri Bhandari started his career in the insurance industry in 1966. He rose to become Director and General Manager in Oriental Insurance Company of India Limited, New Delhi, before taking up the reins of AIC.
In AIC, being the 1st Chairman-cum-MD, he set up the company, created the infrastructure and inducted the manpower to run the company in the most efficient manner. Thanks to his leadership, many innovative insurance products have been designed by the company with the farmers' needs in mind, many of which had been launched by Ministers of the Government of India.
During his 38 years of service, Shri Bhandari had undertaken various assignments and had been credited with the title of “Rural Insurance Man” on achieving the highest premium for Cattle Insurance in 1986. Almost throughout his career, he had worked on the operational side mostly in rural areas and thus had a complete knowledge of the challenges involved in taking insurance to the rural masses. He was also involved in simplifying underwriting and claims procedures to suit the needs of illiterate farmers.
As a Regional Manager of United India Insurance Company Limited at New Delhi, Shri Bhandari had received the “Head Office Trophy” for his extraordinary performance. He has also participated in numerous International Seminars.
Shri Suparas Bhandari is involved in many social, cultural and philanthropic activities. He is associated with institutions in the field of Health, Education and Social Welfare.