IFFCO-Tokio General Insurance Marks Quarter Century Milestone, Reinforces Pledge to Achieve IRDAI’s Ambitious Goal of Insurance Penetration for All by 2047.
IFFCO-Tokio General Insurance is celebrating its 25th year of operations, marking a significant milestone in its journey to provide customer-centric insurance solutions. The company was founded in 2000 as a joint venture between IFFCO and Tokio Marine Group, with the goal of making insurance accessible to every individual, household, and business. Since its inception, the company has grown rapidly, with a GWP of ₹6 crore in 2000 expanding to ₹10,000 crore in 2024, serving millions of customers across India, including in rural areas and smaller towns.
As the company marks its Silver Jubilee year, it reaffirms its commitment to achieving the Insurance Regulatory and Development Authority of India’s (IRDAI) goal of “Insurance for All by 2047.” The company has been working towards this goal through its customer-centric approach, corporate social responsibility initiatives, and commitment to innovation.
Mr. Subrata Mondal, Managing Director and CEO of IFFCO Tokio, emphasized the company’s focus on education and skill development, as well as healthcare and sustainable practices, to empower rural communities. The company has trained over 5,000 women agents and has a network of over 34,000 agents, enabling it to reach a wider audience.
The company has received several awards and recognition for its exceptional leadership, innovation, and commitment to the insurance industry. IFFCO Tokio has been awarded the “Healthcare Insurance Company” award, the “Best Use of AI in Insurance” award, and the “Smart CISO” award, among others.
As the company looks to the future, it is committed to continuing its mission of making insurance accessible to all, with a focus on rural development, education, and corporate social responsibility.