Case Study: Bimaplan streamlines insurance claims and prevents fraud with Decentro

How does Bimaplan, one of the fast-growing insurtech companies, streamline insurance claims and prevent fraud

Bimaplan, an insurtech startup focused on making health and low-premium insurance more accessible to underserved and middle-income customers, needed a way to verify users and claims before paying out benefits. To prevent fraud and ensure claims reached the right people, Bimaplan turned to Decentro’s API banking platform, including KYC APIs and penny drop bank account verification.

With Decentro, Bimaplan streamlined claim processing through real-time identity checks using PAN, Voter ID, and other documents, followed by instant bank account validation before settlement. The results were strong: Bimaplan went live within weeks, processed more than 4,400 API transactions shortly after launch, reduced integration costs by 90% versus legacy setups, and achieved milliseconds-level response times with 99.2% uptime.

Bimaplan