Current Affairs - Economy - Discussion

IFFCO-TOKIO General Insurance Company is a long-standing joint venture created in 2000, where the Indian Farmers Fertilizer Cooperative (IFFCO) holds a majority stake of 51%, partnered with Japan’s Tokio Marine Group, which owns the remaining 49%. The organization has focused on making insurance affordable and accessible since its inception. On its 25th anniversary, it expanded this mission by collaborating with cooperatives to distribute micro insurance products to underserved communities. This approach supports IRDAI’s ‘Insurance for All by 2047’ goal by improving insurance penetration in rural and semi-urban regions, leveraging cooperative networks to increase awareness, coverage, and financial protection for low-income groups.