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Bimaplan
AddedMar 22, 2024
UpdatedJun 18, 2026
Bimaplan

Bimaplan

Seed

Bimaplan: Affordable insurance platform targeting India's next billion with contextual products.

HQ
Bengaluru, Karnataka, IN
Founded
2020
Accelerator
Y Combinator logoY CombinatorW21
Overview
Compare
Fundraising
Employees
Website

Founded in February 2021, Bimaplan aims to provide affordable insurance solutions to the next billion Indians, focusing on financial security for 150 million vulnerable households. Leveraging the growth in mobile penetration and digital infrastructure in India, Bimaplan offers contextual life and health insurance products. The company targets an $8 billion addressable market, working to make insurance accessible and affordable for underserved populations.

Bimaplan has partnered with notable insurance underwriters to ensure reliable coverage. The startup's mission has garnered attention from significant investors and industry experts. Key achievements include rapid market penetration and the successful implementation of digital-first insurance solutions. Bimaplan's impact lies in its potential to revolutionize insurance accessibility for millions of Indians, promoting financial inclusion and security.

Bimaplan - Similar Companies

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Clupp logo

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MyCover.ai logo

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Bimaplan - Quick Facts

Who are Bimaplan's competitors?

Companies similar to Bimaplan include IMT Care, iambuddy.com, Cover and Plover Parametrics.

When was Bimaplan founded?

Bimaplan was founded in 2020.

Where is Bimaplan's headquarters located?

Bimaplan's headquarters is located in Bengaluru, Karnataka, IN.

When was Bimaplan's last funding round?

Bimaplan's most recent funding round was for $3.5M (USD) in November 2023.

How much has Bimaplan raised to-date?

As of Nov 7, 2023, Bimaplan has raised a total of $6.5M (USD).

How many employees does Bimaplan have?

Bimaplan has 33 employees as of Feb 24, 2024.

Bimaplan - Classification

Ownership
  • Venture Capital
Technology
  • FinTech
  • Insurtech
Geographic Exposure
  • India
Revenue
  • Recurring
Customer
  • Enterprise
  • Small Business
Main Product
  • Insurance
Tags
  • Platform
  • SaaS
NAICS
  • 524000Insurance Carriers and Related Activities
  • 524100Insurance Carriers
  • 520000Finance and Insurance
SIC
  • 6300Insurance Carriers
Show 1 more industry code
SIC
  • 6000Depository Institutions