BimaGenie Insurance Broker Private Limited - "Bima" means Insurance in Hindi. "Genie" (from Aladin & Magic Lamp) the granter of wishes. Hence "BimaGenie" is one who would fullfil the cient's all insurance related needs. There are arround 300 insurance brokers in India serving population of 1.25 billion. Though Insurance Brokers are still in its infancy in India, but keeping in mind the major changes the Regulator brought in 2010 in insurance sector in India, Insurance Brokers has a major role to play going forward. BimaGenie is licensed by insurance regulator (Insurance regulatory & Development Authority - IRDA) to operate as a direct insurance broker (Life & General Insurance) w.e.f 27.04.2012.