Maruti Suzuki India Limited, which has a market share of about 45% of the Indian passenger car market (as of March 2011) may face losses of over Rs.400 crores due to lack of sufficient insurance policies.

On 18th July 2012, Maruti's Manesar plant was hit by violence as factory workers attacked supervisors and started a fire that killed a company official and injured 100 other people. The violent mob set fire to the factory building causing some damage to the plant and machinery. In a...  Read More »

Less than a month ago, IFFCO-Tokio General Insurance (ITGI) Company appointed Mr Yogesh Lohiya as their new Managing Director (MD) & Chief Executive Officer (CEO). However, Mr. Lohiya is yet to obtain a go-ahead from the government to take charge of the new office.

Prior to ITGI, Mr Lohiya was the Chairman and MD of India’s sole reinsurer ‘GIC Re’. He retired from GIC on 31st Dec 2011 on attaining the age of superannuation. As per norms, government officials are not allowed to join any private...  Read More »

 IFFCO Tokio General Insurance Company has infused an additional 125 crores into their  business. 74% of this has been brought in by the Indian promoter while the balance 26% has been done by the foreign promoter Japanese company Tokio Marine.

IFFCO TOKIO General Insurance Company has the whole range of products catering to both retail and commercial business lines. IFFCO TOKIO car insurance, health insurance, two wheeler insurance and travel insurance are the popular retail offerings of...  Read More »