Bimaplan provides an end-to-end digital platform enabling partners to seamlessly embed and offer multiple insurance policies to their customers. Through an API kit and partner portal, the platform digitizes the entire customer lifecycle from quote generation to instant policy issuance and claims management. This embedded insurance solution helps businesses in sectors like Fintech and E-commerce unlock new revenue streams while enhancing customer experience.
Funding
$6.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses, especially those focusing on underserved populations, face challenges in offering customized and accessible insurance products due to complex integrations and operational overhead. Traditional insurance distribution often lacks the digital infrastructure to efficiently manage the entire customer lifecycle, from policy issuance to claims processing.
Solution
Bimaplan provides an embedded insurance platform that enables partners to offer tailored life and health insurance policies to their customers through a single API integration. The platform streamlines the entire insurance lifecycle, including policy issuance, digital payments, and claims management, enhancing customer engagement and accessibility. By offering an end-to-end digital solution, Bimaplan allows businesses to create customized insurance products, manage customer interactions, and facilitate instant digital payments, thereby unlocking new revenue streams and improving customer experience. The platform's API-driven approach simplifies integration, enabling partners to seamlessly embed insurance offerings into their existing systems.
Target Audience
Bimaplan targets fintech companies, e-commerce businesses, logistics providers, gig economy platforms, SMEs, and POS systems seeking to offer embedded insurance products to their customers.
Features
- API Kit: Enables insurance integration with a single API, allowing partners to offer insurance to their customers.
- Partner Portal: Provides a portal for uploading customer details and submitting them for policy issuance.
- Mobile Web App: Offers a mobile web and app for instant policy issuance, customer engagement, and claims processing.
- Customizable Products: Allows partners to create tailored insurance products to meet specific customer needs.
- Digital Consent: Captures customer consent digitally via OTP for policy issuance.
- Instant Premium Transfer: Facilitates immediate premium transfer for seamless transactions.