PayBima

General Information

Company Name

PayBima

Founded Year

2004

Location (Offices)

Founders / Decision Makers

Number of Employees

Industries

E-Commerce, Insurance

Funding Stage

Corporate Round

Social Media

PayBima - Company Profile

PayBima is an e-commerce and insurance startup founded in 2004. Its slogan, "Sirf Insurance nahi, sahi Insurance ke liye PayBima hai na!" reflects its commitment to providing authentic insurance solutions. The company, a digital initiative by Mahindra Insurance Brokers, offers a platform that ties up with multiple insurance companies, providing multichannel assistance for clients to evaluate and purchase the best insurance policies. PayBima also offers complete claim assistance. The most recent investment in the company was a Corporate Round investment at 16 October 2017, with XL Group being the participating investors. This investment underscores investor confidence in PayBima's potential to innovate and thrive in the competitive e-commerce and insurance industries.

Taxonomy: digital initiative, Mahindra Group, Mahindra Insurance Brokers, online portal, claim assistance, policy evaluation, claim settlement, multichannel assistance