Kolkata: IFFCO-Tokio General Insurance Company (ITGI) is expected to report fall in its premium income to Rs 1,100 crore by the end of this financial year from Rs 1,152.21 crore last year. The company suffered mostly in the institutional segment, which contributes 40 per cent to its business. The company is now planning to shift focus to retail business. The company is looking for 75 per cent of its business coming from retail segment. The company has already launched specialised products including those for fine arts collectors and galleries, and errors & omissions policy for the ITeS sector.
In the retail segment, the company expects the premium income to be around Rs 660 crore, up from Rs 634.60 crore last year. The retail portfolio of the company, which is a joint venture promoted by Indian Farmers Fertiliser Cooperative (IFFCO) and Japan''s Tokio Marine and Fire Insurance Company, also includes individual health insurance, personal accident cover, travel accident cover and micro-insurance for the farmers.
In the retail segment, the company expects the premium income to be around Rs 660 crore, up from Rs 634.60 crore last year. The retail portfolio of the company, which is a joint venture promoted by Indian Farmers Fertiliser Cooperative (IFFCO) and Japan''s Tokio Marine and Fire Insurance Company, also includes individual health insurance, personal accident cover, travel accident cover and micro-insurance for the farmers.
No comments:
Post a Comment