IFFCO-TOKIO was established as a Joint Venture Company in the year 2000 with Tokio Marine Asia. IFFCO and Tokio Marine Asia hold 51% and 49% shareholding respectively in the Company.
The Company has completed 21 years of its successful operations and is amongst top private General Insurance Companies in India.
The Company continued to be an active player in the Pradhan Mantri Fasal Bima Yojana (PMFBY) which provides insurance coverage to all farmers for their crops as notified by the State Governments against financial loss from adverse weather conditions, natural calamities, yield losses, post-harvest losses etc.
To help customers from treatment of COVID19 related hospitalisation expenses, the Company launched two new health insurance products - Corona Rakshak and Corona Kavach.
In a particularly difficult year for the insurance sector due to the COVID pandemic, the Company did very well.