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Frequently Asked Questions
Find quick answers to common questions.
What is insurance?
Insurance is a financial product that provides protection against specified risks in exchange for a premium.
What is the difference between Term Insurance and Health Insurance?
Term Insurance primarily provides financial protection to beneficiaries, while Health Insurance helps cover eligible medical expenses and healthcare costs.
How do I apply for insurance through IBWC One?
You can explore available insurance products, complete the application process, and submit the required information through the IBWC One platform.
What documents are required?
Documentation requirements may vary depending on the insurer and product. Commonly required documents include identity proof, address proof, and other applicable information.
Can I purchase insurance online?
Yes. Eligible insurance products can be explored and applied for through a digital process on the IBWC One platform.
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