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 theirs.
The capital infusion would be used to grow their business and hence gain more market share. The company has so far infused Rs 526 crores into their business.