IFFCO Tokio General Insurance, a joint venture between IFFCO and Tokio Marine Group, celebrated its 25th anniversary at Bharat Mandapam in 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 Japan’s Tokio Marine Group, one of the largest insurance giants. IFFCO Chairman Dileep Sanghani reflected on the union, stating that it was not just the establishment of another insurance company, but a coming together 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, among others. The company has also ventured into niche segments such as cyber insurance and fine arts insurance, positioning itself as a future-ready insurer. One of the company’s major strengths is its deep rural footprint, with initiatives like Sankat Haran Bima Yojana and Mahila Suraksha Bima Yojana providing affordable protection to underserved communities.
The company has achieved significant milestones, including becoming India’s first insurer to underwrite mega policies and establishing Bima Kendras, single-person operated centers that take insurance services to rural areas. IFFCO Tokio has also crossed significant revenue milestones, reaching Rs 5,000 crore in gross written premium (GWP) in 2017 and Rs 10,000 crore in 2023.
At the anniversary event, IFFCO Managing Director K.J. Patel praised the dedication of employees and urged them to work with unity, sincerity, and passion to achieve even greater heights. The company aims to continue leading with innovation, transparency, and a customer-first approach as it enters its next 25 years. With a strong foundation and a commitment to excellence, IFFCO Tokio is poised to remain one of India’s most trusted insurers.
The event was attended by leaders from IFFCO, Tokio Marine Group, employees, and partners from across the country. The meeting between Dileep Sanghani and Tokio Marine CEO Satoru Komiya symbolized the enduring trust and partnership that defines the joint venture. As IFFCO Tokio looks to the future, it is clear that the company’s legacy of trust, collaboration, and innovation will continue to shape the Indian insurance landscape. With its strong rural footprint, comprehensive product portfolio, and commitment to customer-centricity, IFFCO Tokio is well-positioned to achieve even greater success in the years to come.