IFFCO Tokio General Insurance Company Ltd., which was incorporated on December 4, 2000, is a combined undertaking of the Indian Farmers Fertilizer Cooperative and Nichido Fire Group and Tokio Marine. The Indian Farmers Fertilizer Co-operative is one of the largest cooperative movements in India, which when founded in 1967 was a consortium of 57 cooperatives, and has more than 36,000-member cooperatives today engaged in diversified businesses, such as general insurance and rural telecom in addition to its core expertise in the manufacturing and distribution of fertilizers.
Tokio Marine and Nichido Fire Insurance Company is an amalgamation of Tokio Marine, specialists in marine insurance and Nichido Fire which specializes in fire insurance. Tokio Marine and Nichido Fire merged to form Tokio Marine and Nichido Fire Insurance Company Limited in 2004. With a capital of 101.9 billion Yen, assets worth than 9,000 billion Yen and over 17,000 employees, Tokio Marine and Nichido Fire Insurance Company is among the largest listed and the best general insurance companies in Japan.
IFFCO Tokio, one of the top general insurance companies in India, is present across India through a wide network of strategic business units, lateral spread centres and bima kendras. It offers a wide range of policies covering individuals, small, medium and large enterprises. From modest beginnings, it has become among the leading private general insurance companies in India. While IFFCO has a 51 percent shareholding, 49 percent is held by Tokio Marine in IFFCO Tokio General Insurance.
What does IFFCO Tokio offer:
Car Insurance
Two Wheeler Insurance
Commercial Vehicle Insurance
Health Insurance
Travel Insurance
Home Insurance
Trade Insurance
NDTV Profit Team | Wednesday January 09, 2019
