Archive · 5 Jun 2025
BimaPay Finsure Launches Premium Financing for Corporate Insurance
BimaPay Finsure has created a way for businesses in India to pay for their insurance in smaller, easier payments, like monthly installments.
This helps businesses, especially smaller ones, avoid having to pay a big sum all at once.
The new system covers different types of insurance, such as medical and accident insurance, and works completely online without needing extra guarantees.
The goal is to make it easier for businesses to get and keep their insurance, helping them with their money plans.
BimaPay is working with insurance companies and others to offer this service across India.
BimaPay Finsure introduced India's first premium financing for corporate insurance.
The solution allows businesses to pay premiums in EMIs.
It covers group medical, fire, and personal accident insurance.
The product is fully digital, requires no collateral, and offers real-time approval.
BimaPay aims to finance over ₹20 crore worth of premiums by the end of FY26.
- Who
- BimaPay Finsure
- What
- Launched India’s first premium financing solution for corporate insurance.
- When
- Currently rolling out, with plans to scale nationally
- Where
- India
- Why
- To simplify premium payments and support better financial planning for businesses.
- Service Launched
- Premium financing for corporate insurance
- Target Market
- Businesses, especially MSMEs
- Insurances Covered
- Group medical, fire, and personal accident
- Features
- Digital, no collateral, real-time approval
- Partners
- Insurers and intermediaries
- Goal
- Finance over ₹20 crore worth of premiums by FY26