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Insurance Chronicle Magazines:
IFFCO-Tokio General Insurance Company Limited
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The IFFCO-Tokio General Insurance Co. Ltd. (ITGI) is a joint venture between the Indian Farmers Fertilizer Cooperative Limited (IFFCO), India and the Tokio Marine and Fire Insurance Co. Ltd., Japan. The company was incorporated on December 4, 2000 and within a short span it has become a leading insurance company in India. The promoters of IFFCO-Tokio are IFFCO, Tokio-Marine Group (Millea Asia), Krishak Bharati Coop Ltd. (KRIBHCO) and Indian Potash Ltd.

 
 
 

The company has its corporate office in Gurgaon (Haryana) and operates from 26 offices spread across various cities across the country. The company believes in educating the general masses about insurance and bringing into the market simple and customized insurance policies. With a claim process as simple and friendly as it can be, it promises to give policyholders "the life they deserve". IFFCO is a pioneer in large-scale fertilizer manufacturing and is the leading fertilizer producer in the country. IFFCO has about 35,000 cooperatives as its members at state, district and primary levels which are spread across 22 States and 2 Union Territories. It was established on November 3, 1967 as a multiunit cooperative society, primarily engaged in production and distribution of fertilizers.

The manufacturing plants are located at Kalol, Kandla, Phulpur and Aonla which have been consistently operating at a capacity utilization of more than 100% for the past several years. The Tokio Marine and Fire Insurance Co. Ltd., is the oldest and the largest general insurance company of Japan which has almost 120 years of experience in general insurance business. It is a member of the large and highly diversified Mitsubishi group comprising of over 1,500 companies with operations in 41 countries across the world and holds a leading position in Japan's property and casualty insurance industry. It is the second largest in P&C insurance market in the world with superior capitalization, stable profitability and conservative management team.

 
 
 

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