[ad_1]
In the
present fiscal year, IFFCO-Tokio General Insurance has accomplished a
noteworthy feat of earning a gross written premium amounting to Rs 10,000
crore.
This
achievement reflects the company’s strong position in the Indian insurance
industry, as well as its focus on growth in various segments.
The joint
venture between Indian Farmers Fertilizer Co-operative (IFFCO) and Tokio Marine
Group, IFFCO-Tokio General Insurance Company Limited, offers a wide range of
retail and corporate insurance products. The company has witnessed notable
growth in segments such as Health Insurance and Crop Insurance, with growth
rates of 28% and 47%, respectively.
HO Suri,
Managing Director and CEO of IFFCO Tokio, expressed his satisfaction with the
company’s growth in various segments and geographical regions. He mentioned
that Assam, Maharashtra, Madhya Pradesh, Chhattisgarh, and West Bengal have
shown remarkable growth, and the company’s active policyholders figure has also
improved significantly. Overall, the gross premium witnessed a growth of 16%
compared to the last financial year.
IFFCO-Tokio
General Insurance Company was incorporated in December 2000, and since then, it
has emerged as a prominent player in the Indian insurance industry. With its
strong parentage and a comprehensive range of products, the company has been
able to create a significant customer base across the country.
Professional
Comment:
IFFCO-Tokio
General Insurance’s achievement of generating a gross written premium of Rs
10,000 crore in the current fiscal is an impressive feat. The growth in various
segments and geographical regions reflects the company’s ability to adapt to
changing customer needs and preferences. With its strong parentage and
customer-centric approach, the company is well-positioned to continue its
growth trajectory in the Indian insurance industry.
[ad_2]
Source link