Basic Information

Founded by Vikul Goyal, Bimaplan claims to work with insurers to create over-the-counter, low-premium insurance products ($5-50 annually) relevant to the needs of low and middle-income populations. Bimaplan is creating contextual and affordable insurance plans in partnership with insurers, and building a unique distribution using digital channels. India has over 700 million internet users, which is expected to reach 975 million by 2025. Bimaplan aspires to tap into this huge opportunity to create affordable insurance products relevant to the needs of this unserved population, and distribute them through digital channels. In March 2021, Bimaplan raised a $500,000 seed round from Titan Capital and other marquee investors. See more

Legal Name

:

Coverplan Technology Private limited

Headquarters

:

Bangalore, Karnataka, India

Founding Date

:

2020

No. of Employees

:

<10

Core Team

:
1.

Vikul Goyal

Founder and CEO

Funding

Total Funding

$500.0k

Investors

:

1.

Titan Capital