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Tuesday, August 4, 2009

Online insurance

Online insurance refers to provision of buying and selling insurance online. Insurance is subject to Utmost Good Faith, which makes it very convenient for people to conduct the business online, as both the parties have absolute duties to tell all the facts which are material, else the contract are void.
Conducting a full transaction of insurance is tough for most of the commercial businesses, but many types of personal insurances are conducted online including but not limited to Motor (car) insurance, travel insurance and medical insurance.
Many of the online insurance providers, just provide the insurance quote online and the rest of the process is done manually, this is very convenient for cases where the physical paper is important to complete a process. An example is car insurance in Dubai / car insurance in UAE, where it is mandatory to give Arabic certificate of insurance before registering the car. The certificate should bring physical stamp of the issuing company, hence it is virtually impossible to complete the complete transaction online. hence websites like Tameen4u.com provides you online insurance quotes and complete the rest of the procedure offline.

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