IRDAI-Compliant Company Disclosure
Last Updated: [Date, November 24, 2025]
1. About the Company
Bimavale.com is an online insurance facilitation platform operated by [Your Legal Company Name], acting as an Authorized Point of Sales Person (POSP) / Insurance Distributor under IRDAI guidelines. We are not an insurance company. We do not underwrite risk, determine policy terms, or make claim decisions.
All insurance products, policy terms, and approvals are solely issued by the respective Insurance Companies.
2. Regulatory Status
- Bimavale.com and its partners operate under IRDAI’s POSP and Corporate Agent Guidelines (as applicable).
- We adhere to all IRDAI rules regarding solicitation, product display, customer transparency, data handling, and fair business practices.
- We do not provide investment advice, financial advice, or guaranteed returns.
3. Nature of Services
Bimavale.com provides the following services in accordance with IRDAI solicitation norms:
Display of insurance products from multiple insurers
Premium comparison based on customer inputs
- Sharing customer details securely with insurers for policy issuance
Policy servicing assistance
Claims assistance (non-binding, goodwill support only)
Note: Final issuance of policy and claim settlement is the sole responsibility of the respective insurance company.
4. No Guarantee or Liability
Bimavale.com:
- Does not guarantee policy issuance
- Does not influence underwriting or claim decisions
- Does not guarantee accuracy of premium quotes (quotes may vary per insurer rules)
- Is not liable for delays, rejections, or modifications made by the insurance company
Decisions related to underwriting and claims are made exclusively by the insurer following their internal policies and IRDAI regulations.
5. Product Information Disclaimer
While we strive to keep product details updated, insurance companies may update:
Premiums
Features
Terms & Conditions
Eligibility criteria
Exclusions
Policy wording
Users are strongly advised to:
Read brochures and policy wordings carefully
Review inclusions, exclusions, and waiting periods
Assess suitability based on personal needs
6. No Financial / Tax Advice
Content provided on Bimavale.com:
Is purely informational
Should not be interpreted as financial, investment, or tax advice
Should not be treated as a recommendation to buy any specific product
Users must make informed, independent decisions.
7. Commission Disclosure
As an insurance distributor/POSP, Bimavale.com receives commission from insurers for policies sold via the platform.
This remuneration does not affect:
Premium payable by the customer
Product offerings
Claim decisions
Commission structures follow IRDAI guidelines.
8. Customer Data Protection & Consent
Bimavale.com collects customer information solely to:
Offer suitable insurance products
Facilitate quotes and applications
Process policy issuance
Assist with claims and servicing
Customer data may be shared only with partnered insurers as required for official insurance processes.
We follow:
IRDAI’s Data Privacy Guidelines
IT Act, 2000
Data protection norms applicable in India
We do not sell or misuse personal data.
9. Advertisement & Marketing Disclosure
Advertisements, offers, marketing messages, WhatsApp messages, and promotional communications sent by Bimavale.com:
Are in compliance with IRDAI solicitation guidelines
Contain only approved templates (where required)
Do not create misleading expectations about benefits or returns
Insurance is subject to terms & conditions of the insurer.
10. Grievance Redressal Mechanism
Customers may raise service or policy-related concerns via:
Email: [your-support-email]
Phone: [your-customer-care-number]
Address: [your-office-address]
If unresolved, customers may escalate to the respective insurer’s Grievance Cell (details in policy document).
11. Intellectual Property & Third-Party Rights
All insurer logos, product names, and documents displayed on Bimavale.com are:
Owned by their respective insurance companies
Used with permission or under fair usage guidelines
12. Acceptance of Terms
By using Bimavale.com, you acknowledge and agree that:
Insurance is subject to the terms & conditions of the insurer
Bimavale.com is only a distributor/POSP and not the policy underwriter
You have read and accepted the disclosures, terms of use, and privacy policy