IFFCO Tokio general insurance Company Limited was established in the year 2000 and now holds a strong position all over India. It is a joint venture between Indian Farmers Fertiliser Cooperative or IFFCO, Tokio Marine and Nichido Fire Group. Being the major stakeholder, IFFCO owns 72.64% of the entire share and one of its associates M/s Indian Potash Limited holds 1.36% of the share in IFFCO Tokio insurance Company. By now, IFFCO Tokio has a wide network of 351 Bima Kendra Centers, 152 Lateral Spread Centers and 78 Strategic Business Units all over India.
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Achievements of IFFCO Tokio
In 2015, IFFCO Tokio Insurance won the Indian Insurance Awards in 3 categories that include most Socially Responsible Insurer, Underserved Market Penetration and Personal Lines Growth Leadership.
In September 2014, IFFCO Tokio got featured in a special edition of the “Japan Times”.
In the year 2013-14, IFFCO Tokio General Insurance Company won a National Award by the Ministry of Labour for implementing RSBY successfully.
IFFCO Tokio is the first Indian insurance company to own a 100% distribution channel known as IFFCO Tokio Insurance Services Limited (ITIS). With the GWP of INR 3398.68 Crores in the year 2014-15, IFFCO Tokio General Insurance has made a mark among the ruling private Insurance companies in India.
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