Gurugram: IFFCO-TOKIO General Insurance – which offers retail products like motor, health, travel, home, and personal accident insurance and corporate products like property, marine and liability insurance through its wide distribution network of agents, banks, brokers, etc., – has achieved a significant milestone of generating Rs 10,000 crore of gross written premium for the financial year of 2022-23.

This achievement is a result of the hard work, dedication, and support of our stakeholders, colleagues, channel partners, agents, intermediaries and our valued customers. Our team's collaborative efforts have contributed significantly to this success, and we express our gratitude to everyone who has played a part in this journey, said the company in a statement.

“Our customers are at the forefront of our operations, and we extend our heartfelt appreciation to them for their trust and loyalty towards our products and services. We are committed to serving them to the best of our abilities and delivering value through our offerings,” the company added in the statement.

Reacting to the feat, HO Suri, Managing Director and CEO, IFFCO Tokio, said, “I would like to express my gratitude to everyone who has contributed to our success and reaffirm our commitment to delivering value to our customers. We look forward to another year of growth, and we are confident that with our team's dedication and support, we will achieve even greater heights in the future.”

He further said: “There are many segments of our business which represent growth. However, health insurance and crop insurance verticals are the top most segments which have witnessed a growth of 28 per cent and 47 per cent respectively. In terms of geographical growth, four states have shown remarkable growth - Assam, Maharashtra, MP and Chhattisgarh, and West Bengal. Besides, our active policyholders figure has also been improved significantly. Overall, the Gross Premium witnessed a growth of 16 per cent as compared to last financial year.”

“As we look ahead, we remain optimistic about the future and our growth trajectory. We will continue to build on our strengths, explore new opportunities, and innovate our offerings to meet evolving market demands. Our focus will remain on providing our customers with the highest quality service, and we will work tirelessly to exceed their expectations,” added Suri.

IFFCO-Tokio General Insurance Company Limited is a 51:49 joint venture between the Indian Farmers Fertilizer Co-operative (IFFCO), one of the world’s biggest cooperative societies which is wholly owned by Indian Cooperatives, and Tokio Marine Group, which is the largest listed insurance group in Japan. The company was incorporated on December 4, 2000. /BI/