IFFCO Tokio General Insurance Company Limited
Activity : General Insurance
Corporate Office : Gurgaon
IFFCO-TOKIO was established as a Joint Venture Company in the year 2000 with Tokio Marine Asia. IFFCO holds 72.64% share in the Company while Tokio Marine Asia and IPL hold 26% and 1.36% respectively.
Keeping farmers and the rural populace in mind, IFFCO-Tokio launched several customised rural centric insurance products such as Janta Bima Yojna, Jansuraksha BimaYojna, Janswastha Bima Yojna, Mahila Suraksha Bima Yojna, Fasal Bima Yojna, Pashu Dhan Bima Yojna etc.
It also participated in the Weather based Crop Insurance Scheme (WBCIS) of Government of India in notified districts to insure the farmers against loss of productivity due to adverse weather conditions.
It also participated in the Government Sponsored Health Schemes like Rashtriya Swasthya Bima Yojna (RSBY) to extend health insurance to Below Poverty Line (BPL) families.
In order to increase its penetration into rural markets and deliver insurance at the doorstep of the rural populace, IFFCO-Tokio is working aggressively to sell its specialised products through IFFCO cooperatives network and Government sponsored E-Governance agency “CSC-SPV”.
The unique Policy 'Sankat Haran Bima Yojna', which is linked to the purchase of fertiliser bags from the Co-operative Society and sponsored by IFFCO has entered into its 15th year.
The “Sankat Haran Bima Yojna” has covered approximately 155.34 lakh farmers and disbursed about Rs.95.29 crore in claims since its launch in September, 2001.
IFFCO-TOKIO has a 100% subsidiary called IFFCO-TOKIO Insurance Services Ltd which commenced its operations in Sept 2003.www.iffcotokio.co.in