Convert Life Insurance Premiums into monthly EMIs
Cheaper than a personal loan or monthly plan offered by insurers with instant approval
Lowest interest rates for repaying your annual premiums
Instantly pay premium
Apply for Bimacred & pay your annual premium instantly
Repay in equal EMIs
Repay in 3-12 equated instalments at just 12% interest
Why choose us ?
100% digital BNPL for policy renewals
Apply for EMIs through a 100% digital journey from within your insurance app
Cheaper than personal loan or insurer’s monthly plans
Don’t pay a hefty price for converting your annual premiums into monthly plans
Get better returns on your ULIP investments
Invest your ULIP premiums upfront & get better returns than opting for monthly SIPs
How do we do it ?
During the duration of your loan, we temporarily hold your policy as a collateral through RBI regulated NBFCs. Since the risk is lower for a lender, they are able to offer a lower interest rate for the premium.
FOR INSURANCE COMPANIES
Why Make Us Your Trusted Partner
100% Digital journey
A digital BNPL option that integrates right into your checkout page or collection links
End-to-end assignment support
We work with both lenders & insurers to manage the end-to-end process of assignment for loan disbursal, re-assignment when loan is repaid or surrender if user defaults.
Flexible No-cost option
Flexibility to structure no-cost options based on the user’s current step in the collection journey
Improved customer experience
Provide monthly equated payment options at low cost, leading to better NPS & renewal rates
