Bimaplan funding, investors and company details

Bimaplan is an emerging Insurance startup from Bengaluru, working in the space of Insurtech / Insurance Marketplace sector. Founded by Vikul Goyal.

Company: Coverplan Technology Private Limited
Sector: Insurance
Location: Bengaluru
Founders: Vikul Goyal
Total funding raised: ₹29.18 Cr

Company overview

Bimaplan insurtech marketplace focused on increasing insurance penetration among underserved and economically disadvantaged households in India by making contextual life and health insurance products affordable, relevant, and easy to access. The company partners with insurers and embeds insurance offerings into digital platforms and partner ecosystems, enabling distribution through APIs and mobile interfaces to reach low- and middle-income customers who have historically lacked formal risk protection. Its full-stack platform simplifies policy issuance, claims, and customer engagement, helping businesses offer tailored insurance solutions to their users, while leveraging rising mobile adoption and digital infrastructure to scale impact toward the goal of securing financial security for tens of millions of vulnerable households. Bimaplan has also expanded into global markets and continually builds its technology and distribution network with support from investors such as Y Combinator, Orios Venture Partners, Finsight Ventures, and others.

Funding rounds

Latest round (Pre Series A): $ 3.50 Mn (₹29.18 Cr.), 2023-11-08. Investors: Orios Venture Partners