Bimadirect
 | |
| Type of business | Private |
|---|---|
| Founded | 2011 |
| Headquarters | Hyderabad, India |
| Founder(s) | Amit Pandey, Atul Pandey |
| Industry | Insurance |
| Website | Bimadirect.com |
Bimadirect is a technology-enabled business providing individual and group insurance through direct and employer channels. The company operates a pan-India Insurance aggregation website Bimadirect.com which obtains real-time quotes from insurance companies for easy comparison, helping customers save time and money.[1][2][3]
The company's value proposition is quote comparison, expert advice, and claim support.[1]
History
The company was set up in 2011 by Amit Pandey, Atul Pandey, and Ajay Pandey and started its operations after receiving its Insurance Regulatory and Development Authority[4] broking license in July 2012.
IRDA License
Bimadirect is a service of Coretree Insurance Brokers (India) Private Limited. The broking entity received its Direct (Life & General) license from Insurance Regulatory and Development Authority (IRDA), License # 437 in July 2012 for an initial period of 3 years (from 31-7-2012 to 30-7-2015). Mr. Atul Pandey serves as its Principal Officer.[5]
Funding
The company is so far privately funded by the promoters and other individuals.
Product & Services
The company provides Life Insurance, Health Insurance, Motor Insurance, Travel Insurance, and Home insurance to individuals and their families.[6] In addition, it helps its group clients obtain benefits for their employees in a mandatory and/or voluntary fashion.[7]
The company's licensed professionals provide expert insurance advice and claims assistance as needed.
Present Status
The company serves many individual and corporate customers and is rapidly expanding. Its operations are located in Hyderabad, India, with branch offices in Mumbai and Bangalore. The company has plans of setting up a pan-India footprint over a period of time. Its business is supported by professionals in the field and through its TRAI Registered toll-free call center. The company is a member of Insurance Brokers Association of India (IBAI).[8]
Awards & Recognitions
- The company received a "Business Innovation Award" from CNBC in a Start-Up Funding Challenge held on September 20, 2013, at IIT Delhi. It was shortlisted as one of the ten finalists out of a pool of 400 plus early-stage businesses in India.[9]
See also
- Insurance
- Insurance Broker
- Insurance in India
- Insurance Regulatory and Development Authority
- E-commerce in India
References
- ↑ 1.0 1.1 http://www.coretree.com/programs.php
- ↑ https://gust.com/companies/bimadirect
- ↑ http://in.skillpages.com/compare-insurance-policies/hyderabad-india/bimadirect.coretree-insurance-group
- ↑ https://www.irda.gov.in/Defaulthome.aspx?page=H1
- ↑ https://www.irda.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo2120&mid=9.3.7
- ↑ http://www.coretree.com/individual-insurance.php
- ↑ http://www.coretree.com/group-insurance.php
- ↑ http://103.252.236.20/IBAI/ViewIBAIMembers.aspx
- ↑ https://www.youtube.com/watch?v=MbXgqFbmNU8
External links
- Official Website Bimadirect.com
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