IFFCO Tokio General Insurance, a joint venture between IFFCO and Tokio Marine Group, celebrated its 25th anniversary at Bharat Mandapam, New Delhi. The event marked a significant milestone in the company’s journey, which began in 2000 when IFFCO, the world’s largest fertilizer cooperative, partnered with Tokio Marine Group, one of the largest insurance companies globally. IFFCO Chairman Dileep Sanghani reflected on the union, stating that it was not just the establishment of another insurance company, but the combination of India’s cooperative strength with international insurance expertise.
Over the years, IFFCO Tokio has built a comprehensive product portfolio, including car, health, travel, and property insurance, and has ventured into niche segments such as cyber insurance and fine arts insurance. The company has also established a strong rural footprint, providing affordable protection to underserved communities through initiatives like Sankat Haran Bima Yojana and Mahila Suraksha Bima Yojana. IFFCO Tokio was also the first private insurer to establish Bima Kendras, single-person operated centers that take insurance services directly to rural regions.
The company has achieved significant milestones, crossing Rs 5,000 crore in gross written premium (GWP) in 2017 and Rs 10,000 crore in 2023. Today, IFFCO Tokio is one of India’s most trusted insurers, with a strong presence in the market. The company aims to continue leading with innovation, transparency, and a customer-first approach as it enters its next 25 years.
The event brought together leaders from IFFCO, Tokio Marine Group, employees, and partners from across the country. IFFCO Managing Director K. J. Patel praised the employees’ dedication and urged them to work with “unity, sincerity, and passion” to achieve even greater heights. The company’s legacy is built on its deep rural footprint, innovative products, and commitment to providing affordable protection to all sections of society. As IFFCO Tokio looks to the future, it is poised to continue its growth and success, driven by its core values of trust, collaboration, and innovation. With a strong foundation and a clear vision, the company is ready to take on new challenges and opportunities in the Indian insurance landscape.