# Bimaplan **Source:** https://geo.sig.ai/brands/bimaplan **Vertical:** Insurance Tech **Subcategory:** General **Tier:** Emerging **Website:** bimaplan.com **Last Updated:** 2026-04-14 ## Summary Bengaluru embedded insurance API serving 5M+ customers across India and Zambia; YC W21 $6.5M enabling fintechs and e-commerce platforms to integrate insurance at point-of-transaction. ## Company Overview Bimaplan is a Bengaluru, India-based embedded insurance API platform enabling digital companies — fintechs, e-commerce platforms, lending apps, and super-apps — to integrate insurance products at the point of transaction through a single API, providing end-to-end insurance distribution infrastructure from quote through policy issuance and claims for the Indian and African markets. Founded in 2020 and backed by Y Combinator (W21) with $6.5 million raised including a $3.5 million Pre-Series A in October 2023, Bimaplan has served nearly 5 million customers, generated ₹9.36 crore ($1.12 million) in revenue as of March 2024, and has expanded internationally to Zambia with plans for broader Africa and Middle East expansion. Bimaplan's API-first insurance distribution model enables any digital platform to offer relevant insurance at the moment of transaction: a lending app approving a personal loan can offer credit life insurance in the same flow; an e-commerce platform completing a motorcycle sale can offer motor insurance before checkout; a remittance app transferring money can offer travel insurance before disbursement. The Bimaplan API handles the insurance carrier relationship, product configuration, KYC verification, policy issuance, and premium collection — the embedding company receives a distribution fee without building insurance infrastructure or obtaining their own insurance license. This BIMA-as-a-Service model enables insurance penetration in markets (India, Africa) where traditional insurance agent distribution has low reach. In 2025, Bimaplan competes in the embedded insurance API market with Digit Insurance (India, $3.5B IPO valuation, direct digital insurer), InsuranceDekho (India insurance comparison, $357M raised), and African insurance API platforms (Lami Technologies, Turaco) for embedded insurance distribution adoption. India's insurance penetration at 4.2% of GDP (versus 12% in developed markets) and Zambia/Africa at sub-2% create substantial expansion opportunity for technology-enabled distribution. Y Combinator's backing and the Zambia expansion signal early international traction. The 2025 strategy focuses on deeper API integrations with India's major fintech platforms (PhonePe, Paytm, Zepto), expanding microinsurance products (crop insurance, accident cover) appropriate for India's informal economy workers, and building the Africa expansion playbook validated in Zambia. ## Frequently Asked Questions ### What is Bimaplan? Bimaplan is a Bengaluru-based insurtech platform founded in 2020 that enables companies to integrate insurance products into digital platforms at the point of transaction. The company provides end-to-end insurance APIs for seamless customer experiences and is part of Y Combinator's Winter 2021 batch. ### What products and services does Bimaplan offer? Bimaplan offers insurance integration APIs, an embedded insurance platform, life insurance products, health insurance products, and micro-insurance solutions. These services allow businesses to seamlessly integrate multiple insurance products into their digital platforms. ### Who are Bimaplan's target customers? Bimaplan targets companies and digital platforms that want to integrate insurance products at the point of transaction for their end customers. The platform enables businesses to offer embedded insurance solutions as part of their customer experience. ### When was Bimaplan founded and by whom? Bimaplan was founded in 2020 by Vikul Goyal. The company was part of Y Combinator's Winter 2021 batch. ### Where is Bimaplan located? Bimaplan is based in Bengaluru, Karnataka, India. The company has also expanded internationally to Zambia with plans for further expansion in Africa and the Middle East. ### How much funding has Bimaplan raised? Bimaplan has raised $6.5M in total funding, including a $3.5M Pre-Series A round in October 2023 led by Orios Venture Partners with participation from Finsight Ventures and 2am VC. The company previously raised a $500K seed round in March 2021. ### What are Bimaplan's key achievements and metrics? Bimaplan has served nearly 5 million customers and generated ₹9.36 Crore (~$1.12M USD) in revenue as of March 2024. The company reached a valuation of ₹130 Crore (~$15.6M USD) in March 2024. ### What is Bimaplan's technology approach? Bimaplan uses end-to-end insurance APIs to enable seamless integration of insurance products into digital platforms at the point of transaction. This embedded insurance approach allows companies to offer multiple insurance products directly within their customer journey. ### How can companies get started with Bimaplan? Based on the provided information, companies interested in Bimaplan's services would need to contact them directly to integrate their insurance APIs into their platforms. Specific contact details are not provided in the available information. ### What are Bimaplan's recent developments? Bimaplan recently completed a $3.5M Pre-Series A funding round in October 2023 and launched an international program in Zambia. The company is actively expanding into Africa and the Middle East markets. ## Tags asia-pacific, b2b, b2c, insurance, marketplace, mobile-first, saas, fintech --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*