Original disclosure @ IFC website
Updated in EWS Apr 21, 2023
Disclosed by Bank Mar 30, 2023
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IFC is considering an equity investment into Onsurity Technologies Private Limited, a full stack employee healthcare insurtech in India that offers MSME employees and their families comprehensive health plans in the form of health insurance, including wellness benefits, for these members.
The IFC categorized the project as FI-3.
As stated by the IFC, shares of the Company are held by the Company’s Founders, Nexus Ventures V Limited (an India-US VC firm), Quona Accion Inclusion Fund III LP (an emerging markets focused fintech VC) and angel investors.
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General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Financial Intermediary - Onsurity Technologies Private Limited:
Yogesh Agarwal - CEO
Phone: +91 9748975590
Address: 05-102-A, WeWork Vaishnavi Signature, No. 78/9, Outer Ring Road, Bellandur Village, Varthur Hobli, Bengaluru, Karnataka – 560103
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org