BIMA GLOBAL

Pitch Deck
Group 6
Professors:
Dr. Arpita Amarnani
Dr. Neeraj Amarnani

Goa Institute of Management

www.bimaglobal.com (610)-1234-5678
Sanqelim,403505
Problem/Opportunity

01 02 03 04 05
Little or no No Value added Low Product Complicated Undisclosed
Customisation services Differentiation Product fees
Offerings

06 07 08 09 10
Untapped Lengthy Premium Limited Complex
Market Processes Payment Coverage Policies
Deadlines Options

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 Business Model Canvas

Marketing
Underwriting
Administration Personal
Channel and Investments assistance
distribution Reinsurance Chat bots
Security and
Partner Services through Household
mental peace
Vendor and online portals customers
Risk coverage
supplier partner Married couples
Saving plans for
Strategic alliance Pet owners
long term
partner Students
Minimum returns
Community

on investment
partner Additional benifits
Agents and
brokers
Online portal

Administrative cost, Taxes , Acqusition expenses Premium loading , underwriting commisions

2
Value Proposition Canvas

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 OUR BEST OFFERINGS

Wedding Pet Insurance Health Pay later

Insurance Insurance service

4
 Wedding Insurance
INR 1.4 trillion Industry in
2020
Expected to grow at a CAGR
of 8% between 2020-25
4th biggest Industry
Target Customer base: High-
Net-Worth Individuals,
Wedding Planners, Wedding
Venues
What we offer
Not a common practice in India
An average Indian wedding cost: 20 lakhs
to 5 crores
Statistics revealed: half of the weddings of
2021 were postponed to 2022. (Pandemic)
Lead to an uptick rise in demand for
wedding insurance
Using AI and ML for Risk Assessment,
Pricing, Fraud Detection, Personalized
offers and Customer Service

Sudden cancellation and postponment, Loss or Damage to the property,

Liability, Vendor no show, Wedding Attire
Customisation, Real time claim processing, tech enabled services, add on
services,and Instant Coverage
COVID-19 Coverage, Change of Heart Coverage, Coverage for Loss of
Deposits, Extra Liability Coverage, Honeymoon Coverage
Streamlining and digitizing various aspects of wedding insurance
Payment Processing, Digital Platforms , Data Analytics, Smart Contracts,
Risk Management
 Divorce Insurance
40% increase in Divorce from
2007 to 2017
It has significant financial
implications
Costly process
Legal expenses and child
support may run into several
lakhs of rupees
The average alimony per
divorce in India stood at Rs 15
Lakhs
Currently not available in India
Crores of Indians don't do financial
planning and India is not a financially
literate country. Husbands would try to
run awayfrom the alimony and the wife
would not get her dues
Husbands in India would hesitate to pay
this amount to support their wife
Alimony payment amount in India has
risen by 35 percent over the last five to
seven years

What we offer

Standard cover of Rs 25 lakh or 30 lakh could be offered

Priced at less than Rs 15,000 per annum, If any individual seeks additional
insurance, top-up plans could be offered
Lump-sum payment in the event of a divorce to cover the legal charges
Online tools and resources to help couples rethink about the break up
Digital legal support 2
Data analysis and risk management
Pet Insurance
Valued at approximately $5.5 billion in 2020
Compound annual growth rate (CAGR) of over 12% from 2021 to 2028
Indian pet industry is currently estimated at above Rs. 400 crore with
19 million insured pets in India.
Vaccination, tick treatments, grooming etc. cost anywhere from Rs.
10,000 to Rs. 54,000 annually.

Provides an easy way to budget pet care costs

Allows you to pick your veterinarian
Coverage is obtainable for all pets
Increase your options for treatment
Expensive treatments are covered

OUR SERVICES
Diagnostics,Procedures,Medication,Vaccination,Wellness Exam
Covered for Death due to accident and/or diseases
Surgery Expenses
Lost or stolen dogs
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Medical Advice Chat
Job Insurance
Valued at USD 3.5 billion in 2020
Expected to grow at a compound annual growth rate (CAGR)
of 8.5% from 2021 to 2028
The COVID-19 pandemic has further amplified the need for job
insurance, as many people have lost their jobs or experienced
a reduction in income due to the pandemic.
Provides security to individuals in case of job loss due to an
accident, illness, or disability

Our Services
Technology can be used to automate and streamline the claims
process, making it easier for employees to submit and track
claims online.
Predictive analytics can be used to analyze data from a variety
of sources to identify employees who are at high risk of losing
their jobs
Automated underwriting systems can use algorithms and
artificial intelligence to process job insurance applications and
make decisions about coverage in real-time.
 Motor Insurance
Being one of the largest automotive sectors, India
had over 295 million registered vehicles since 2019.
It was the largest producer of two-wheelers across
the globe in 2019. The market within the country was
dominated by this segment also. In 2020, over 17
million units of two-wheelers were sold domestically
across the south Asian country. A drop in the sales
volume of two-wheelers was witnessed in the past
year. The Vehicle is categorised in 4 types of 2-
wheeler, 3-wheeler, passenger and commercial
vehicles. The maximum sales is shown in FY 2019.
This increasing trend of automobile sales has shown
rise in the India Motor Insurance Industry.
With the use of technology we track the speed of
our customers veichle and if they follow the
adequate speed then we offer them discount on
our premium
We track the challans of our customers veichles and
then accordinly set the premium for them
 Health Insurance
The health insurance market in India is growing
rapidly, driven by increasing awareness of the
importance of health insurance, as well as rising
healthcare costs. The Indian government has
also taken steps to increase access to health
insurance, including implementing mandatory
health insurance coverage for certain groups of
people and providing tax incentives for
individuals who purchase health insurance.

India's Health Insurance Market is estimated to

be 58572 Cr in 2022 and is expected to reach
85000 Cr by 2027, growing at a CAGR of 10.2%

Indians spent $45 billion, in 2015–2016 on

medical expenses, paid from savings or
borrowings. That number jumped to $72 Billion
by 2020 (NITI Aayog Report March 2021).
 Pay Later
Offering a grace period of 15 days
People forgetting to pay their premiums on
time, leading to lapses in coverage or even
policy cancellations is a common occurrence
Apart from automatic bank transfers, we are
planning to tie up with pay later Fintechs such
as Simpl and Lazypay to offer the pay later
option to our customers
Buying Insurance, paying later post the
approval
Monthly Premium Financing using these tie ups
Auto debiting option
DIRECT COMPETITORS
These companies offer similar services to Bima
Global, including insurance comparison and
purchase, as well as access to a range of
insurance products. While there are many
players in the insurtech market in India,
PolicyBazaar remains the biggest competitor.

POLICYBAZAAR ACKO BHARTI AXA DIGIT INSURANCE

INDIRECT COMPETITORS
Traditional insurance companies
Peer-to-peer lending platforms
Mobile network operators that offer insurance products, such as mobile phone insurance, to their customers
Ride-sharing or car-sharing companies that offer transportation services and may provide insurance or protection benefits for
drivers and passengers
Home security companies offer monitoring services and protection for customers' homes and possessions
Online marketplaces, such as Amazon, Flipkart, or Paytm, that offer insurance products
Banks and financial institutions that offer insurance products and services to their customers
Credit card companies that offer insurance or protection benefits for customers, such as travel insurance or purchase
protection.
Healthcare companies that offer health and wellness services, such as preventative care or telemedicine consultations,
which can compete with Policy Bazaar's health insurance offerings.
Bima Global Other
Competitors

AI based chatbot query Many Exclusions

resolution
Premium pay later service
Telematics
Using ML for fraud detection
Divorce Insurance
Hidden Fees
Minimal usage of technology
Limited range of products
Less customisation

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Innovation Roadmap
TASKS MARCH APR-JUNE JULY-AUG OCT NOV-DEC

Planning

Research

Prototype Production

Testing

Quality Assurance

Implementation

Follow Up

Documentation

 DRAFT PLAN , PERFORMING TESTING ,

1 VALIDATION AND VERIFICATION

Roadmap
MARKET RESEARCH AND BUSINESS
2 ASSESMENT

(2-3) Years 3 APPLICATION LAUNCH

GATHER FEEDBACK AND DEVELOPMENT

4 PROCESS

5 DELIVER TO CLIENT

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GROWTH STRATEGY
SHORT TERM
Getting Approvals
Launching website and mobile based applications
Technology adoption

MEDIUM TERM
Acquire diverse customer base
Capitalize on niche markets
Expansion into new markets

LONG TERM
Diversification of Products and services
Develop strategic alliances
Offer customized services 9
 FUNDING
Property Rentals (in Cr)
11.8%

Angel Investor (in Cr)

29.4%

Cash (in Cr)

5.9%

Venture Capital (in Cr)

52.9%
10
 Revenue Model

Earning commissions or fees: Charging a charge for each policy sold or taking a cut of the
premiums paid by policyholders.
Subscription-based model: charging a monthly or yearly fee for access to online insurance
services like managing policies or processing claims.
Selling anonymized data to insurers or other businesses for risk analysis and product development
is known as data monetization.
Partnerships: Getting a cut of the money made via joint ventures with conventional insurers,
brokers, or other outside service providers.
Value-added services: Making money from extra services provided to policyholders, such as loss
prevention, cybersecurity, or wellness initiatives.
Investment income: Profits from investments produced with money taken from policyholder
premiums.

3
 TESTIMONIAL
Aarav Malhotra
I have been a customer of Bima Global for
several years now and have been consistently
impressed with their excellent customer service
and user-friendly technology. They make it so
easy to manage my policies and file claims, and
their rates are very competitive as well. Highly
recommend!
Sneha Verma
I was hesitant to switch to an insurtech company at
first, but I'm so glad I did. [Insurtech company] has
been a game-changer for me - their prices are much
lower than what I was paying with my previous
insurer, and their platform makes it so easy to
manage my policies and file claims. I've
recommended them to several friends and family
members, and they've all had similarly positive
experiences.

Rishi Pahuja
I recently had to file a claim with [insurtech
company], and I was amazed at how easy the process
was. I was able to file the claim online and received a
response from their team within hours. They were
very helpful in guiding me through the process and
getting everything taken care of. I've never had such
a positive experience with an insurance company
before - I'm so glad I switched to Bima Gloabal.
10
 Management Team

ALKA RAJPAL SHORYA JAIN SHIVANI REDKAR

Chief Executive Officer Chief Finance Officer Director

ANIS BORAH ANISH DESAI

9
Chief Operating Officer Chief Information Officer
 THANK
YOU FOR YOUR
ATTENTION
ALKA RAJPAL 2021007
ANIS BORAH 2021134
ANISH DESSAI 2021135
SHIVANI REDKAR 2021109
SHORYA JAIN 2021117 11