IFFCO Tokio General Insurance Company Limited

IFFCO-Tokio General Insurance Co. Ltd. is a joint venture between the Indian Farmers Fertilizer Co-operative (IFFCO) and Tokio Marine and Nichido Fire Group (the largest insurance company in Japan). IFFCO holds a 72.64% stake, its associate M/s Indian Potash Ltd. holds a 1.36% stake, and Tokio Marine Group holds 26% shareholding in the joint venture. IFFCO-Tokio General Insurance was founded in the year 2000. It aims to build customer satisfaction by offering customized insurance products coupled with fair and transparent business practices.

IFFCO-Tokio General Insurance has a wide network across India with 65 Strategic Business Units and 255 Bima Kendras. This General Insurance Company offers customized policies to customers. The company has achieved a mammoth Rs. 3398.7 crores in the year 2014-15 from a modest Rs. 213.32 crores in the year 2002-03. IFFCO Tokio has a completely-owned distribution channel to serve its customers. Its distribution channel IFFCO-TOKIO Insurance Services Ltd (ITIS) is awarded ‘an innovative distribution channel’ in the Capgemini World Insurance Report- 2009. ITIS has a workforce of 1500+ employees and has acquired the reach of over 350 towns. The latest Incurred Claims Ratio (ICR) of IFFCO Tokio General for FY 2018-19 is 88%.