Bimaplan

Bimaplan is an Indian insurtech startup founded in 2020 and based in Bangalore, Karnataka.

The company focuses on providing affordable embedded insurance solutions to underserved populations, aiming to enhance financial security for 150 million vulnerable households in India. Bimaplan leverages the growing mobile penetration and digital infrastructure to reach low- and middle-income groups, including rural communities and gig economy workers. It has raised over $6.6 million in funding from notable investors like Y Combinator and Orios Venture Partners. The company offers a B2B2C embedded insurance platform that allows businesses to integrate and distribute customized microinsurance products easily. Bimaplan's product range includes life and health insurance, accident and travel insurance, group medical cover, and wellness services, with annual premiums ranging from $5 to $50. By partnering with various organizations, including e-commerce platforms and financial institutions, Bimaplan aims to co-create and distribute relevant insurance policies, driving financial inclusion in the Indian market.