Bimaplan
Affordable insurance for the next billion Indians
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.
Company details
Funding
Total raised
$19.5M
Last stage
Series A
Investors
Founders
Vikul Goyal
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 acquired by TVS, a large auto conglomerate based in India. Previously, he worked as an Investment Professional at Bessemer Venture Partners and GSF Accelerator. Vikul has an MBA from Harvard Business School and has completed his undergrad in Mechanical Engineering from IIT Guwahati.
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