IFFCO Tokio General Insurance:

Incorporated in December 2000, the IFFCO Tokio General Insurance will not rest until they achieve their goal to be the industry leader in financial services. They plan to do this by going for high level of customer satisfaction through fast response, fairness and a promise of transparency.

The company was formed through the joint venture of two giant companies namely the Indian Farmers Fertilizers Cooperative and Tokio Marine and Nichido Fire Group, Japans biggest listed insurance group.

The IFFCO Tokio General Insurance has 51 SBUs or strategic business units with over 110 offices all across India. Their customized policies enable them to be of service to various clienteles, from farmers to the country's largest automobile manufacturers.

In fiscal year 2001 to 2002, the company started with a modest Rs 2130 Million of gross written premium or GWP. In the most recent report of fiscal year 2007 to 2008, their GWP grew to an impressive Rs 12350 million landing them the title as one of India's leading private players.

Aside from the conventional products offered by other general insurance companies, the IFFCO Tokio General Insurance came out with their very own niche products in order to reach larger market.

Some of their sought after niche products are fine arts insurance, credit insurance, P& I insurance, errors and omissions policy for IT sector and a whole lot more. Rural centric initiatives are also practiced through offerings such as Sankat Haran Bima Yojana, Mahila Suraksha Bima Yojana, Mausam Bima Yojana and Janata Bima Yojana.

IFFCO Tokio General Insurance is proud of their over 1000 professional employees in more than 200 towns in India. Customer satisfaction is their main goal so they continue to conduct their bi-annual survey in order to gauge their operational effectiveness. The speedy settlements of claims are made possible by their efficient and robust IT infrastructure.