A joint venture of IFFCO and Tokio Marine Group- IFFCO Tokio General Insurance commemorated its Silver Jubilee at Bharat Mandapam, New Delhi on Saturday, celebrating 25 years of trust, collaboration, and innovation in India’s insurance landscape. The event brought together leaders from IFFCO, Tokio Marine Group, employees, and partners from across the country.
On the occasion, IFFCO Chairman Dileep Sanghani reflected on the defining moment in 2000 when the Indian Farmers Fertiliser Cooperative Limited (IFFCO), the world’s largest fertilizer cooperative, joined hands with Japan’s Tokio Marine Group, one of the globe’s largest insurance giants. “This was not merely the establishment of another insurance company.
It marked the union of India’s cooperative strength with a century of international insurance expertise,” he said.
Sanghani recalled the initial milestones: the signing of the MoU in May 2000, registration in September, and receipt of the business licence on December 4. “When we began, it was with a dream, to deliver accessible, reliable, and customer-centric insurance services to every section of society. Today, that dream has risen far beyond expectations,” he added.
Today, IFFCO holds 51% stake in IFFCO-Tokio, while 49% is held by Tokio Marine Group. Over the years, the company has built a comprehensive product portfolio spanning car, two-wheeler, health, travel, home, property and liability insurance. It became India’s first insurer to underwrite mega policies, offering internationally benchmarked, all-risk, one-stop covers that optimise premium outflow for large clients.
IFFCO Tokio has also ventured into niche segments such as Cyber Insurance, Credit Insurance, Fine Arts Insurance, P&I Insurance, and IT sector Errors & Omissions policies, strengthening its position as a future-ready insurer.
A major pillar of the company’s legacy is its deep rural footprint. Through initiatives like Sankat Haran Bima Yojana, Mahila Suraksha Bima Yojana, and Janata Bima Yojana, the company has ensured affordable protection for underserved communities. It was also the first private insurer to establish Bima Kendras, single-person operated centres that take insurance services directly to Tier 2, 3, 4 towns and remote rural regions.
In a special moment during the event, Dileep Sanghani met Tokio Marine CEO Satoru Komiya, symbolising the enduring trust and partnership that define the joint venture.
Addressing employees, IFFCO Managing Director K. J. Patel praised their dedication and urged the IFFCO Tokio family to work with “unity, sincerity, and passion” to achieve even greater heights. “The future is radiant,” he said, as he congratulated the organisation on its remarkable journey.
Crossing Rs 5,000 crore GWP in 2017 and Rs 10,000 crore in 2023, IFFCO Tokio now stands among India’s most trusted insurers. As it enters its next 25 years, the company aims to continue leading with innovation, transparency, and a customer-first approach.
