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IFFCO Tokio General Insurance

Initiated on Dec 4th 2000, IFFCO-Tokio General Insurance (ITGI) Company is a cooperative undertaking of the Indian Farmers Fertilizer Co-operative (IFFCO) and its associates, and Tokio Marine and Nichido Fire Group (the largest listed insurance group in Japan). This firm has about 51 'Strategic Business Units' and 110 offices all over India. They started with a modest, Rs. 231 crores of GWP (Gross Written Premium) in 2001-2002 and slowly went on to become India's leading private players with Rs. 1639.5 crores in 2009-2010. 
It is the only insurance company in India to have a 100%-owned distribution channel called IFFCO-TOKIO Insurance Service Ltd. (ITIS), for servicing its retail customers. Today, there are almost 1400 employees in 350 towns. IFFCO Tokio is one of the first companies to underwrite mega policies for a fertilizer and automobile company. This was based on international rates and optimized premium outflow for clients. There are several types of insurances which keep in mind individuals, groups, urban and rural population. They are as listed below.

Products

Commercial Insurance
This scheme is based on several of the customers' needs such as fire, special perils, industrial risks, machinery breakdown, and burglary, profit and loss of electronic equipment, fidelity and workmen's compensation. There are several unforeseen events which might run into huge losses. It is for this purpose that all these items are insured. A cover is given for goods in transit through sea/air/road and the sum insured is based on cost and age of the products and hence is an agreed value policy.
  • Standard Fire & Special Perils Insurance Policy
  • Consequential Loss Insurance Policy
  • Contractors All Risk Insurance Policy
  • Contractors Plant & Machinery Insurance Policy
  • Boiler & Pressure Plant Insurance Policy
  • Industrial All Risks Insurance Policy
  • Machinery Breakdown Insurance Policy
  • Machinery Loss of Profit Insurance Policy
  • Product Liability Insurance Policy
  • Public Liability Industrial insurance Policy
  • Public Liability Non-Industrial Insurance Policy
  • Marine Cargo Insurance Policy
  • Electronic Equipment Insurance Policy
  • Bankers Blanket Insurance Policy
  • Burglary Insurance Policy
  • Fidelity Guarantee Insurance Policy
  • Money Insurance Policy
  • Workmen’s Compensation Insurance Policy
Specialty Insurance
These policies are applicable to companies dealing in specialized machinery and skills. For example, credit insurance protects against the customer defaults by covering the sales of the organization to its buyers on credit. There are small inland/coastal vessels operators which require this kind of insurance. Even fine art collectors need a proper insurance cover and this specialty insurance provides just that. Another good example is the Aviation Policy which offers a wide coverage in any financial crises. All liabilities such as aircraft and third party are also insured. All the schemes are given below and most of them are based on 'agreed value' concept.
  • Credit Insurance Policy
  • Multi Modal Transport (MTO) Insurance Policy
  • Marine Hull & Machinery Insurance Policy
  • Jeweller’s Block Insurance Policy
  • Barish Bima Yojna (Weather Insurance) Policy
  • Sagar Bandhu Bima Policy Insurance Policy
  • Aviation Insurance Policy
  • Errors and Omissions (Technology) Insurance Policy
  • Fine Art Insurance Policy- Private Collectors
  • Fine Art Insurance Policy- Art Dealers & Gallery Owners
Contact Address
IFFCO Tower,
4th & 5th Floors,
Plot no. 3, Sector 29,
Gurgaon - 122001, Haryana
Website: www.iffcotokio.co.in
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Bajaj Allianz Life Insurance Company Limited HDFC Ergo General Insurance Company
Birla Sun Life Insurance Co. Ltd ICICI Lombard General Insurance
HDFC Standard life Insurance Co. Ltd IFFCO Tokio General Insurance
ICICI Prudential Life Insurance Co. Ltd. National Insurance Company Ltd
ING Vysya Life Insurance Company Ltd. New India Assurance
Life Insurance Corporation of India Oriental Insurance Company
Max New York Life Insurance Co. Ltd Reliance General Insurance
Met Life India Insurance Company Ltd. Royal Sundaram Alliance Insurance
Kotak Mahindra Old Mutual Life Insurance Limited Shriram General Insurance Company Limited
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Tata AIG Life Insurance Company Limited United India Insurance
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Aviva Life Insurance Co. India Pvt. Ltd. Apollo Munich Health Insurance
Shriram Life Insurance Co, Ltd. Bajaj Allianz General Insurance ia
Sahara India Life Insurance Bharti AXA General Insurance
Bharti AXA Life Insurance Export Credit Guarantee Corporation of India
Future Generali Life Insurance IDBI Federal Life Insurance
IDBI Fortis Life Insurance IndiaFirst Life Insurance
Canara HSBC Oriental Bank of Commerce Life Insurance L&T General Insurance
AEGON Religare Life Insurance Max Bupa Health Insurance
DLF Pramerica Life Insurance Raheja QBE General Insurance Company Ltd.
Star Union Dai-ichi Life Insurance SBI General Insurance
Agriculture Insurance Company of India Star Health Insurance
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Cholamandalam MS General Insurance    
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