Toyota Tsusho Insurance Broker India

What Toyota Tsusho Insurance Broker India does

Toyota Tsusho Insurance Broker India Pvt. Ltd. (TTIBI) is an IRDAI-licensed insurance broker (License No. 381) and a wholly-owned subsidiary of Toyota Tsusho Corporation, the Japanese trading conglomerate within the Toyota Group. Incorporated in 2008 and headquartered in Bangalore, TTIBI operates a dual retail and corporate insurance brokerage facilitating motor, health, life, and commercial lines coverage from 40+ insurance provider partners to individual consumers, businesses, and automotive OEM customers. The company has issued over 10.88 million total policies and assisted with 2.93 million claims through May 2026, reporting a 99% claim settlement ratio and serving 1,436 corporate customers in FY 2025-26.

The company's core technology is the SureRaksha digital platform, which provides real-time API integration with 40+ insurers to enable instant premium quote comparison, paperless policy issuance, endorsements, and claims processing for retail customers. TTIBI complements this with a POSP (Point of Sale Person) network for offline distribution and a direct enterprise sales team for corporate clients. The company also operates branded OEM-embedded insurance products — Toyota Protect, Lexus Protect, WE Care Yamaha, Eicher Secure, Ampere Protect, and SML Assure — distributed through dealer portals and partnerships with six automotive manufacturers. Infrastructure is ISO 27001:2022 certified.

TTIBI earns revenue primarily through brokerage commissions on policies sold across its distribution channels, with a hybrid self-serve digital model for retail customers and relationship-managed direct sales for enterprise accounts. The company operates a 9-office pan-India footprint spanning Bangalore, Chennai, Pune, Gurgaon, Ahmedabad, Mumbai, Hyderabad, Indore, and Kolkata, supporting acquisition across both metro and Tier 2 markets. It markets primarily through organic digital channels (website, LinkedIn, Instagram, SEO, and a knowledge center with insurance glossaries) without disclosed paid acquisition spend.

Name

Toyota Tsusho Insurance Broker India

Legal name

Toyota Tsusho Insurance Broker India Pvt. Ltd.

Website

https://ttibi.co.in

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

251–500 employees

Short description

Toyota Tsusho Insurance Broker India (TTIBI) is an IRDAI-licensed insurance broker and wholly-owned subsidiary of Toyota Tsusho Corporation, facilitating motor, health, life, and commercial insurance from 40+ insurers via its SureRaksha digital platform, POSP network, direct enterprise sales, and six OEM-embedded automotive brands across India.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Motor Vehicle Liability Insurance (FSAJAMAC)

akta.pro secondary industries

Personal Auto Insurance (FSAJAMAA), Commercial Auto & Fleet Insurance (FSAJAMAB), Commercial Auto & Fleet Liability Insurance (Primary) (TLABANAA)

Keywords

• Insurance brokerage services
• Motor insurance products
• Health insurance distribution
• Life insurance advisory
• Corporate insurance broking

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Brokerage Commission: TTIBI operates as an insurance broker earning commissions from insurance companies for policies sold. The company facilitates motor, health, life, and commercial insurance from 40+ insurer partners and receives commission-based compensation for each policy issued.
2. Corporate Insurance Services: Commercial lines insurance brokerage for corporate customers including group term life, commercial vehicle insurance, and business-specific coverage solutions with customized underwriting.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Toyota Tsusho Insurance Broker India is an IRDAI-licensed insurance broker (license 381) that intermediates motor, health, and life insurance products between 40+ insurance company partners and retail, corporate, and OEM customers in India. It distributes insurance through its proprietary SureRaksha digital platform, a POSP network, direct corporate sales, and OEM-branded products (Toyota Protect, Lexus Protect, WE Care Yamaha, Eicher Secure, Ampere Protect, SML Assure), backed by claims-handling support and grievance redressal.

Product overview

Toyota Tsusho Insurance Broker India (TTIBI) operates as an insurance broker platform offering both a direct-to-consumer portal (SureRaksha) and OEM-specific insurance products. The core product portfolio includes Four Wheeler Insurance, Two Wheeler Insurance, Health Insurance, and Life Insurance products (Term Life, Endowment, Money Back, and Group Term Life). TTIBI also provides branded vehicle protection programs including Lexus Protect, Toyota Protect, WE Care Yamaha, Eicher Secure, Ampere Protect, and SML Assure for various automobile manufacturers and dealers. The SureRaksha platform enables customers to compare and purchase insurance from 40+ insurer partners through a 100% digital and paperless process. Key statistics show over 108 million total policies processed and a 99% claim settlement ratio as of May 2026.

Differentiator

Problem solved

Functional benefit

Brands

• SureRaksha: One Platform, Multiple Insurance Options - online platform for comparing and purchasing insurance from 40+ insurers with instant policy issuance.
• Lexus Protect
• Toyota Protect
• WE Care Yamaha
• Eicher Secure
• Ampere Protect
• SML Assure

Products and services

• Four Wheeler Insurance Car insurance broking service that distributes private car and commercial vehicle policies through 40+ insurer partners, sold via SureRaksha, dealer portals, and direct sales for individual and corporate car owners.
• Two Wheeler Insurance Two-wheeler insurance distribution service offering bike and scooter policies across multiple insurer partners, targeted at individual riders and OEM partners.
• Health Insurance Retail and group health insurance broking service distributing individual, family, and corporate health insurance plans across multiple insurer partners, with claims-handling support.
• Life Insurance Retail and group life insurance broking service distributing Term, Endowment, Money Back, and Group Term plans across multiple insurer partners, for individual policyholders and corporate group schemes.
• SureRaksha Digital Insurance Platform Proprietary online insurance platform that allows customers to compare, purchase, and service motor, health, and life insurance policies across 40+ insurers, with claims-handling support.
• Toyota Protect OEM-branded motor insurance product for Toyota vehicle buyers, distributed through Toyota dealership finance and delivery workflows across India.
• Lexus Protect OEM-branded motor insurance product for Lexus vehicle buyers, distributed through the Lexus dealer network in India.
• WE Care Yamaha OEM-branded two-wheeler insurance product for Yamaha two-wheeler buyers, distributed through Yamaha dealer outlets in India.
• Eicher Secure OEM-branded commercial and passenger vehicle insurance product for Eicher vehicle buyers, distributed through the Eicher dealer network.
• Ampere Protect OEM-branded electric two-wheeler insurance product for Ampere electric scooter buyers, distributed through the Ampere dealer network.
• SML Assure OEM-branded commercial vehicle insurance product for SML Isuzu vehicle buyers, distributed through the SML dealer network.

Quantifiable outcome

• 99% Claim Settlement Ratio
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

26 partnerships are on record, tiered core and flagship.

• Cholamandalam MS General InsurancecoreOthersInsurance partner providing general insurance products through TTIBI's brokerage platform. Part of the 40+ insurer network enabling customers to compare and purchase coverage.
• Bajaj Allianz General InsurancecoreOthersInsurance partner providing motor, health, and general insurance products through TTIBI's platform.
• Future Generali India InsurancecoreOthersInsurance partner for motor, health, and general insurance products offered through TTIBI's brokerage services.
• HDFC ERGO General InsurancecoreOthersInsurance partner providing health, motor, and general insurance through TTIBI's platform.
• ICICI Lombard General InsurancecoreOthersMajor insurance partner for motor, health, and commercial insurance products.
• IFFCO Tokio General InsurancecoreOthersInsurance partner providing motor, health, and crop insurance through TTIBI's platform.
• Liberty Videocon General InsurancecoreOthersInsurance partner for general insurance products offered through TTIBI.
• Magma HDI General InsurancecoreOthersInsurance partner providing motor and general insurance through TTIBI's brokerage platform.
• National Insurance CompanycoreOthersPublic sector insurance partner for motor, health, and general insurance products.
• The Oriental Insurance CompanycoreOthersPublic sector insurance partner providing coverage through TTIBI's platform.
• Reliance General InsurancecoreOthersInsurance partner for motor, health, and commercial insurance products.
• Royal Sundaram General InsurancecoreOthersInsurance partner providing motor and health insurance through TTIBI.
• SBI General InsurancecoreOthersPublic sector insurance partner leveraging SBI brand for distribution through TTIBI.
• United India InsurancecoreOthersPublic sector insurance partner for general insurance products.
• New India AssurancecoreOthersPublic sector insurance partner providing coverage through TTIBI's platform.
• Tata AIG General InsurancecoreOthersInsurance partner for motor, travel, and general insurance products.
• Universal Sompo General InsurancecoreOthersInsurance partner providing motor, health, and accident insurance.
• Max Bupa Health InsurancecoreOthersHealth insurance specialist partner for health coverage products.
• Cigna TTK Health InsurancecoreOthersHealth insurance partner providing coverage options through TTIBI.
• Toyota Tsusho Corporation (Parent)flagshipStrategic or Co-development PartnerParent company - Toyota Tsusho is part of the Toyota Group and provides strategic backing, brand equity, and global best practices to TTIBI. TTIBI is a wholly-owned subsidiary.
• Toyota India (OEM Partner)coreOEM/ Whitelabel/ Licensing PartnerToyota Protect insurance program for Toyota vehicle owners. TTIBI provides fleet discounts, 24/7 support, and customizable plans through dealer portal integration.
• Lexus India (OEM Partner)coreOEM/ Whitelabel/ Licensing PartnerLexus Protect insurance program for Lexus vehicle owners with fleet discounts and premium support.
• Yamaha Motor India (WE Care Yamaha)coreOEM/ Whitelabel/ Licensing PartnerWE Care Yamaha insurance program for Yamaha two-wheeler owners through dealer network.
• Eicher Motors (Eicher Secure)coreOEM/ Whitelabel/ Licensing PartnerEicher Secure commercial vehicle insurance program for Eicher truck owners with one-stop solution at dealership.
• Ampere Vehicles (Ampere Protect)coreOEM/ Whitelabel/ Licensing PartnerAmpere Protect electric vehicle insurance program covering battery protection, charging point cover, and eco-friendly discounts.
• SML Isuzu (SML Assure)coreOEM/ Whitelabel/ Licensing PartnerSML Assure insurance program for SML Isuzu commercial vehicles with roadside assistance and nationwide network.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Onsurity: Tech-enabled group health and employee benefits insurance provider and broker serving Indian SMBs and enterprises. Comparable to TTIBI's corporate group health and group term life offerings.
• Acko General Insurance: Digital-first Indian general insurer with strong OEM partnerships (e.g., OLA, Amazon) and direct-to-consumer motor/health distribution. Comparable to TTIBI in OEM-embedded insurance and digital motor strategy, though Acko is a carrier rather than a broker.

Direct peers

• InsuranceDekho: Digital insurance broker offering comparison and purchase of motor, health, and life insurance across multiple Indian insurers. Direct competitor in the online insurance comparison and broking segment.
• RenewBuy: Online insurance broker and Possp network operator focused on motor and health insurance distribution in India. Comparable to TTIBI in combining a digital platform with an offline POSP agent channel.
• PolicyBazaar (PB Fintech): India's largest online insurance aggregator and broker, offering multi-line comparison and purchase across life, health, and motor insurers. Directly competes with TTIBI's SureRaksha platform in the digital retail insurance comparison space.
• Coverfox Insurance Broking: Online insurance broker in India enabling customers to compare and purchase motor, health, and life insurance from multiple insurers. Closely comparable to TTIBI's digital brokerage offering in product breadth and target customer.
• Turtlemint: Insurtech platform and POSP-led insurance distributor in India across motor, health, and life lines. Operates a very similar hybrid digital-plus-POSP model to TTIBI for tier-2/3 India penetration.

Broad incumbents

• Digit Insurance: Indian digital-first general insurer offering motor, health, and travel policies with strong direct-to-consumer distribution. Competes with TTIBI on the digital front but is a carrier among TTIBI's 40+ insurer partners.
• Marsh India Insurance Brokers: Global insurance broker and risk advisor with a large Indian presence serving enterprise and corporate clients with commercial lines, group benefits, and risk consulting. Overlaps with TTIBI's corporate and commercial lines brokerage.
• Howden India (Howden Broking): International insurance broker with operations in India serving corporate and commercial clients across complex and specialty lines. Comparable to TTIBI's enterprise field sales and commercial brokerage motion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights8 records

Customer concentration

• LinkedInlinkedin.com/company/ttibi
• Instagraminstagram.com/ttibi_official

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Toyota Tsusho Insurance Broker India