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Startup Atlas · Employee Benefits

Onsurity

Onsurity Technologies Private Limited Bengaluru, Karnataka Founded 2020 onsurity.com ↗
Yogesh Agarwal · CEO & Founder Kulin Shah · COO & Co-Founder
$63.8 MnTotal funding (tracked)
5Funding rounds
13 Sep 2024Last round
315Team size (sourced)

Onsurity: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

Pay-as-you-go monthly subscription

Monthly-pay-as-go model: Pay based on your active employee headcount.

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Cashless claims from day one

Instant cashless claims from day one, with no waiting period.

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360° holistic wellness in one app

Doctor consultations, lab tests, fitness, dental care, and mental health support — all in the Onsurity SuperApp.

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Affordable, flexible plans built for smaller teams

Most plans in the market today are built for large businesses and typical corporate settings... too expensive, don't have enough benefits, or are not flexible enough; the Onsurity membership was designed to provide precise solutions to these problems.

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Customer Segments

SMEs, MSMEs, startups and growing businesses

Onsurity is India's only healthtech company providing monthly, comprehensive employee healthcare to SMEs, MSMEs, Startups and growing businesses.

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10,000+ businesses covering 2M+ lives10K+ businesses, 2M+ lives

Company-reported reach across its customer base.

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Customer Relationships

24x7 Care Team

Health and wellness support for your team, always-on.

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Good Doctors Team

A group of medical experts who understand healthcare ecosystems are always on standby to assist with hospitalisation and claims-related hassles; provides assistance for smooth hospitalisation and settlement of claims post-sale.

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Real-Time Claims Tracker

All Onsurity members get access to a Real-Time Claims Tracker in the app for complete transparency and certainty regarding claims processing and resolutions.

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Channels

Onsurity Super App

Health & wellness app for your talent base. From real time care, seamless claims to wellness sessions all in one app.

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Teamsure Dashboard

Pocket tool for HRs – All in one space to keep employee records organised and effortlessly updated in real time.

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Direct website (demo request / purchase)

Company website offers "Request Demo" and "Purchase Now" entry points for prospective business customers.

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Key Activities

Insurance distribution as a corporate agent

ASIPL has the license from IRDAI to distribute insurance products; Onsurity acts as a group administrator for group health, term life and personal accident insurance contracts sold through its platform.

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Platform and app development

Building and operating the Onsurity Super App (member-facing wellness/claims app) and the Teamsure Dashboard (HR admin tool).

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Wellness benefit aggregation and claims support

Curating discounted wellness services (teleconsultation, medicines, lab tests, fitness, dental, mental health) and running a Good Doctors Team plus Real-Time Claims Tracker for claims assistance.

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Key Resources

Onsurity Super App

Health & wellness app for the employer's talent base — real-time care, seamless claims, and wellness sessions all in one app.

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Teamsure Dashboard

Pocket tool for HRs – all-in-one space to keep employee records organised and effortlessly updated in real time.

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IRDAI Corporate Agent (Composite) license

ASIPL, Onsurity's wholly-owned subsidiary, holds IRDAI Corporate Agent Registration Number CA0836 (Category – Corporate Agent Composite), the regulatory license that lets the platform distribute insurance products.

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Key Partnerships

ASIPL — wholly-owned IRDAI-licensed insurance distribution arm

Atmanirbhar Suraksha Insurance Private Limited (ASIPL) is a wholly-owned subsidiary of Onsurity Technologies Private Limited; ASIPL has the license from IRDAI to distribute insurance products; IRDAI Corporate Agent Registration Number CA0836, Category – Corporate Agent (Composite).

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Hospital network for cashless treatment10,000 hospitals

Insurance partner's widespread network enables cashless hospitalisation and cashless insurance in 10,000 hospitals across India for IPD treatments.

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Wellness service partners

Onsurity partners with highly trusted wellness providers like Cult Fit, Fitpass, Sabka Dentist & Clove Dental Care, and Amaha Mental Health so that members can avail of these services at exclusive discounts.

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Institutional investors

Nexus Venture Partners, Quona Capital, International Finance Corporation (IFC) and Creaegis have backed the company across its Seed through Series B rounds.

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Revenue Streams

Per-employee monthly subscription fees

Monthly-pay-as-go model: businesses pay based on active employee headcount, across five membership tiers (Topaz, Onyx, Opal, Ruby, Jade) with different sums insured and benefit levels.

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Subscription services (majority of revenue) plus commission income

The majority of its revenue was derived from its subscription services, along with a marginal commission income.

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Global markets revenueRs 1.49 Cr → Rs 25.5 Cr

The company also managed to increase its revenue from global markets from Rs 1.49 crore to Rs 25.5 crore.

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Cost Structure

Employee benefits, interest payments and depreciation drive expense growthRs 218 Cr total expenses, FY24

Its expenses increased by over 50% year-on-year to Rs 218 crore, driven by employee benefits, interest payments, and depreciation costs.

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FAQs on Onsurity

What is Onsurity's business model?

Onsurity's core value proposition centers on Pay-as-you-go monthly subscription, Cashless claims from day one, 360° holistic wellness in one app, Affordable, flexible plans built for smaller teams.

How does Onsurity make money?

Onsurity's cited revenue streams include Per-employee monthly subscription fees, Subscription services (majority of revenue) plus commission income, Global markets revenue.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: www.onsurity.com inc42.com · Last verified 15 Jul 2026. · Report a correction