IFFCO-Tokio premium collection rises by 34%

Iffco Tokio has posted a 34 per cent rise in premium collection counting Rs 1,646 crore in the first quarter ended June, reports Press Trust of India. IFFCO -TOKIO is a general insurance company.

The company – a joint venture between fertiliser cooperative Iffco and Japan-based Tokio Marine Group – had mobilised gross written premium of Rs 1,233 crore in the April-June quarter of the last fiscal.

IFFCO Tokio General Insurance MD and CEO Warendra Sinha is quoted saying one of the company’s major growth drivers was health insurance, which grew by 85 per. cent.

The company aims at geographical expansion by adding over 200 more customer touch points and launching digital initiatives in the future, Sinha said.

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