Making Insurance Affordable for Every Indian with Premium Financing

Many Indians still live without health insurance — often because one-time premiums are too heavy to afford. BimaPay solves this with Insurance Premium Financing, breaking bulky premiums into easy, stress-free EMIs so more families stay protected and more policies stay active.

  • No income proof required.
  • Lower interest rate for affordable and transparent financing.
  • Instant approval in real-time.
  • Zero paperwork with 100% digital seamless process.
  • Real-time KYC and credit checks that verify you in seconds.
BimaPay Process

How Does Insurance Premium Financing Work?

BimaPay’s smart Insurance Premium Financing solutions allow you to split heavy one-time premiums into small EMIs, so you can stay covered without the upfront burden.

The process unfolds in 4 simple steps

Finalise quotation on insurer’s platform.

Select BimaPay in payment options.

Complete the BimaPay journey.

Policy issuance at insurer’s platform.

Why Choose BimaPay

Why People Choose BimaPay for Insurance Premium Financing

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Instant Approvals in Minutes: Approvals in minutes, so your coverage starts without delay.
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Lowest Interest Rates: Flexible EMI options at the lowest interest rates. Zero-cost EMIs for select customers.
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Quick Policy Issuance: Policies are issued almost immediately once financing is approved.
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100% Digital Journey: Fully digital process with instant approvals and no manual hassle.
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No Income Proof Required: No income proof, bank statements, or credit card required.
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Instant Credit Assessment: Quick digital credit evaluation working in real time.
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Flexible EMI Options: Thoughtfully designed plans offering flexible tenures and seamless benefits.
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No Physical Documentation: Zero paperwork. No uploads required.
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Zero Foreclosure Charges: Close your EMIs anytime without extra charges.
BimaPay Ecosystem

BimaPay Works for Everyone in the Insurance Ecosystem

Insurance premium financing is about creating a win for everyone in the ecosystem. Here’s how each of our partners benefit when BimaPay steps in.

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Customers: Flexible insurance premiums with complete peace of mind.
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Insurers: Increased customer retention & higher success.
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Intermediaries: Supports expanding policy base & boosts earnings.
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Lenders: Helps generate more leads and grow their lending book.
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