On 4th December 2000, IFFCO-Tokio General Insurance was incorporated and gained customer satisfaction through quick response and transparency. This organization is a joint venture between the Indian Farmers Fertilizers Co-operative & its associates and Tokio Marine and Nichido Fire Group which is the largest listed insurance group in Japan.
The firm has Pan India presence with 65 ‘Strategic Business Units’, more than 120 ‘Lateral Spread Centres’ and around 255 Bima Kendras. It provides customized policies including a range of customers, from farmers to some of India’s leading automobile makers. IFFCO-Tokio General Insurance has got technical support for underwriting and reinsurance from Tokio Marine.
For risk management, the company got support from Tokio Risk Consulting. In India, it is the very first company to underwrite mega policies for automobile manufacturers and fertilizers. This comprehensive insurance plan is based on international rates and optimizes the premium outflow for clients. It offers a wide range of niche products such as fine arts insurance, credit insurance, errors & omission policy for the IT Sector, P & I insurance etc.
It has been able to come out with rural centric initiatives by introducing insurance products such as Mausam Bima Yojana, Sankat Haran Bima Yojana, Janata Bima Yojana and Mahila Suraksha Bima Yojana. With the help of technology like Radio Frequency Identification Device and Normalised Difference Vegetation Index, it is possible for the company to serve Cattle and Weather insurance in the rural areas.
It is the only insurer in India to own a 100 percent distribution channel, IFFCO-Tokio Insurance Services Ltd to service its retail customers. IFFCO-Tokio Insurance Services Ltd has workforce of more than 1500 employees in over 350 towns.
To know about its operational efficiencies, the firm arranges bi-annual customer satisfaction surveys through independent agencies.
IFFCO-Tokio Car Insurance Plans
IFFCO-Tokio Health Insurance Plans
IFFCO-Tokio Travel Insurance Plans
IFFCO-Tokio Home Insurance Plans
IFFCO-Tokio Personal Accident Insurance