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IFFCO Tokio brings together India's cooperative sector reach and Tokio Marine's underwriting discipline.
Operating in the Indian market since 2000
Registered and headquartered in Gurugram
IFFCO and Tokio Marine
Licensed general insurer regulated by IRDAI
IFFCO Tokio brings together India's cooperative sector reach and Tokio Marine's underwriting discipline. The insurer is strong in motor, rural and commercial property lines and was among the first private general insurers licensed in India.
IFFCO Tokio earns its place on transit-heavy programmes: marine cargo and commercial fleets, backed by Tokio Marine's underwriting and IFFCO's deep rural network.
3.36% of claims decided were repudiated and 6.47% closed without payment; 85.27% of the claims paid were paid within three months of intimation. In FY2023-24 it paid 92.27% of claims decided. Ranked 14 of 24 general insurers on the share of claims paid. Source: IRDAI Handbook on Indian Insurance Statistics 2024-25, Table 53, published by IRDAI on 3 February 2026. Claim settlement ratio of every general insurer in India.
Solvency ratio 1.85 as at March 2025, against IRDAI's minimum of 1.50 (1.72 a year earlier): whether it could still pay after a very bad year. Solvency ratio of every insurer.
Market share: ₹8,312 crore of gross direct premium in FY2024-25, 2.7% of Indian general insurance, 14th of 34 insurers by size. By line: fire ₹875 crore (3.6% of the market); marine ₹322 crore (5.9% of the market); motor ₹4,170 crore (4.2% of the market); health with PA and travel ₹905 crore (0.7% of the market). Market share of every insurer.
Health insurance claims: an incurred claims ratio of 85.3% in FY2024-25 (group 82.9%, retail 96.9%), against 87.0% for all health insurers. Incurred claim ratio of every insurer.
Policy wordings: every IFFCO Tokio product in IRDAI's register, with its UIN and wording PDF. IFFCO Tokio policy wordings.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether IFFCO Tokio is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer. Headquarters photo: Tokio Marine Nichido head office, Tokyo — Wiiii, CC BY-SA 3.0, via Wikimedia Commons.
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