Bimaplan

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Affordable insurance for the next billion Indians

Winter 2021Founded 202030 peopleBengaluru, KA, India; MH, India

www.bimaplan.co ↗LinkedIn ↗X ↗GitHub ↗See on the Idea Map Fintech momentum

About

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.

From their website

as of Jun 7, 2026www.bimaplan.co ↗

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Bimaplan provides a full-stack embedded insurance platform that enables end-to-end insurance integration for a seamless digital experience, aimed at simplifying distribution. It targets affordable insurance solutions for a large population in India.

A full-stack embedded insurance platform that enables end-to-end insurance integration within digital experiences, allowing businesses to embed insurance products into their workflows for a seamless user experience.

Who it’s for: Businesses and platforms looking to embed and distribute insurance products within their digital experiences in India, targeting a broad user base seeking affordable insurance options.

Features

Embedded insurance integration
End-to-end distribution
Full-stack insurance platform
Seamless digital experience
Affordability focus for Indian market
Digital onboarding and claims flow

Founders · 1

Vikul GoyalFounder

Harvard🎓 IIT

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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