IFFCO-Tokio General Insurance was chartered in 2000, as a joint venture amid the Indian Farmers Fertilizer Co-operative (IFFCO), which occurs to be one of the world’s largest cooperative society, and Tokio Marine Group, which is also the biggest listed insurance group in Japan. IFFCO owns 51 per cent in the company and the prevailing 49 per cent is retained by Tokio Marine Group. Their single purpose was to be one of the leaders in the insurance sector by instilling attributes such as clarity, honesty and agile assistance. Besides advancing individual general insurance plans, IFFCO Tokio also administers various general insurance plans to companies and corporates. It extends customized plans with a broad assortment of customers. It is the solitary insurance company in India with a 100% owned distribution channel.
IFFCO Tokio General Insurance offers insurance products in the following domains :
In 2017-2018, IFFCO Tokio General Insurance claim settlement ratio was 90.69%.