IFFCO Tokio General Insurance Company Limited

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IFFCO Tokio General Insurance Company Limited
Private Limited
Industry Insurance
Founded 2000
Headquarters Gurgaon, India
Key people
Warendra Sinha, CEO & MD
Products General insurance
Number of employees
1500[1]
Website www.iffcotokio.co.in

IFFCO Tokio General Insurance is a joint venture between Indian Farmers Fertiliser Cooperative (IFFCO) and its associates and Tokio Marine and Nichido Fire Group. The group is chaired by Mr. M. K Srinivasa Gowda while Managing Director and CEO is Warendra Sinha.[2] Currently IFFCO-Tokio General Insurance is the 3rd largest private general insurance company in India.

History[edit]

IFFCO-Tokio General Insurance was incorporated on 8 September 2000 and with 65 Strategic Business Units, a wide network of 122 Lateral Spread Centers and 255 Bima Kendra. IFFCO holds 51% shareholding and TOKIO MARINE holds 49% shareholding in IFFCO-Tokio General Insurance. In 2009, it found a place in the Capgemini World Insurance Report as an innovative distribution channel. In 2013-14, IFFCO-Tokio wins the National Award for successfully implementing the Indian Government's Labor Department’s RSBY. IFFCO Tokio is also called as ITGI. IFFCO Tokio General Insurance has Pan India presence with 104 "Strategic Business Units' (SBU’s) and a wide network of over 171 ‘Lateral Spread Centres’ (LSC’s) and 400 Bima Kendras. It offers a wide range of uniquely customized policies covering a range of customers i.e. from farmers to some of India's largest automobile manufacturers. From a modest Rs 213 Crores of GWP (Gross Written Premium) in 2001-02 it has achieved an impressive Rs 5635 Crores in 2016-17, thereby becoming one of India's leading private players.

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