Monday, August 15, 2011

About GTFS

GTFS Multi Services Ltd was established on 1st November 1995. It was founded by Mr Bhavesh Majumdar in a small room having area of just 100 sq feet at Kamalya Center Kolkatta.
Mr Bhavesh was having two aims; first aim was to take insurance products to remote area, villages and lower income group of India. The second aim was to provide employment to unemployment youth all over India.

GTFS started with health insurance and accidental insurance with leading non-life insurance companies like National Insurance, Iffco Tokyo General Insurance and Bajaj General Insurance.

In 1995 company started with just 77 field workers from Kolkatta but now company has more than 200 branches and offices with approx 1000 employees plus more than 20 Lacs registered co-coordinators. Company is serving all over India including small and major cities and even remote area. Company has taken insurance to more than 1 Crore 15 Lacs people in India.

GTFS is selling insurance products from its branches in 30 districts of Bihar and providing employment to educated youth, enabling them to give their family a good life style.

The progress of Insurance industry is slow in our country. Mostly insurance providers focus only on big cities, they have no target for remote areas that's why insurance has been able to reach only to 0.5% peoples of India. But GTFS has taken this responsibility to take insurance to small town , villages and remote area by joining hands with it's co-ordinators. We are giving insurance products to people who really need this.
GTFS has helped 38991 peoples to get claims of amount Rs 57.50 Crore By 31 Dec 2006