IFFCO Tokio General Insurance, a joint venture between IFFCO and Tokio Marine Group, recently celebrated its Silver Jubilee at an event in New Delhi. The company marked 25 years of its establishment, which was a defining moment in 2000 when the Indian Farmers Fertiliser Cooperative Limited (IFFCO) joined hands with Japan’s Tokio Marine Group. IFFCO Chairman Dileep Sanghani reflected on the journey, stating that the partnership was not just the establishment of another insurance company, but a union of India’s cooperative strength with international insurance expertise.
Over the years, IFFCO Tokio has built a comprehensive product portfolio, including car, two-wheeler, health, travel, home, property, and liability insurance. The company has also ventured into niche segments such as cyber insurance, credit insurance, and fine arts insurance. One of the major pillars of the company’s legacy is its deep rural footprint, with initiatives such as Sankat Haran Bima Yojana, Mahila Suraksha Bima Yojana, and Janata Bima Yojana, which provide affordable protection to underserved communities.
The company has achieved significant milestones, including crossing Rs 5,000 crore in gross written premium (GWP) in 2017 and Rs 10,000 crore in 2023. IFFCO Tokio now stands among India’s most trusted insurers, with a strong presence in the country. The company aims to continue leading with innovation, transparency, and a customer-first approach as it enters its next 25 years.
During the event, 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 event also saw a special moment when Dileep Sanghani met Tokio Marine CEO Satoru Komiya, symbolizing the enduring trust and partnership that defines the joint venture. With its strong foundation and commitment to customer-centric services, IFFCO Tokio is poised to continue its growth trajectory and remain a leader in India’s insurance landscape. The company’s journey is a testament to the power of collaboration and innovation, and its Silver Jubilee celebration marks an important milestone in its history.