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Winter 2021Fintech

Bimaplan

Affordable insurance for the next billion Indians

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About Bimaplan

Bimaplan is an affordable insurance platform for the next billion Indians. Our vision is to provide financial security to 150 million vulnerable households through contextual life and health insurance products. The growth in mobile penetration and the evolution of digital infrastructure in India has now made it possible to reach this vulnerable population. This is an $8 billion addressable market. We launched in February 2021, and went live with one insurance underwriting partner. We are on track to sell 1,000 policies in March 2021. We are backed by some of the best early stage technology investors, successful fintech founders, and insurance industry veterans. The company is founded by Vikul Goyal, a second-time founder with a successful exit track record. His previous venture, Carcrew, was acquired by TVS Group, a large automotive conglomerate in India.

Quick facts

YC Batch
Winter 2021
Founded
2020
Headquarters
Bengaluru, India
Team size
30
Industry
Fintech • Fintech -> Insurance
Tags
fintech, microinsurance
Website
www.bimaplan.co
Profiles
LinkedIn · Twitter · GitHub

Founders

Vikul Goyal
Founder
Vikul is the founder of Bimaplan which is building an affordable insurance platform for the next billion Indians. His previous startup, Carcrew, an online marketplace for automobile spares and services, was recently acqu…

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