Bimaplan

Bimaplan, originally known as Bima, was launched in February 2021 by Vikul Goyal, a seasoned entrepreneur with a successful exit from his previous venture, Carcrew, which was acquired by the TVS Group. Based in Bengaluru and MH, India, Bimaplan operates within the fintech industry, specifically focusing on insurance. The company began operations with one insurance underwriting partner and quickly progressed, selling 1,000 policies by March 2021. Bimaplan is supported by a mix of early-stage technology investors, successful fintech founders, and insurance industry veterans. The company’s vision is to secure the financial future of 150 million vulnerable households in India and South Asia by offering contextual life and health insurance products in an $8 billion market. Despite its promising start, Bimaplan is currently listed as inactive. The company has a team size of 30 and was part of the Y-Combinator W21 batch, offering its services both remotely and partly remotely.