Bimaplan YC Application

Winter 2021Active

Bimaplan went through Y Combinator in the Winter 2021 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Winter 2021
Industry: FintechInsurance
Team size: 30
Status: Active
Launched: 2021

Founders

Vikul GoyalFounder

What Bimaplan does

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.

Bimaplan's YC application, reconstructed

Y Combinator application

Bimaplan, Winter 2021 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Bimaplan

Describe what your company does in 50 characters or less.

Affordable insurance for the next billion Indians

What is your company going to make? Please describe your product and what it does or will do.

We built a platform that sells contextual life and health insurance products tailored for vulnerable households in India. Our product simplifies access to insurance, making it affordable and reachable via mobile, focusing on those left out by traditional offerings.

Where do you live now, and where would the company be based after YC?

We are based in Bengaluru and Mumbai, India, and would continue here after YC.

Explain your decision regarding location.

Bengaluru and Mumbai are the hubs for fintech and insurance tech in India, and where our customer base and partners are. Staying local keeps us close to our network and market.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real Bimaplan YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Bimaplan's public data (launch notes, founder backgrounds, product description). It shows how a company like Bimaplan would present itself to YC, not the text they submitted.