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Article (11)
- The Company shall illustrate its website with a description of the nature of the products that the company sells and markets electronically, and with self-assessment tools which enable the Insurance Proposer to assess his insurance needs, and eventually enable him to make an informed decision to conclude the contract.
- The Company is committed to draw the attention of the Insurance Proposer to the following information in a timely manner during the purchase process and before concluding the contract:
- Nature of the product countering the insurance risk.
- Main benefits of the product.
- Options of the insurance product and the insurance coverage.
- Exclusions of coverage and restriction of the product.
- If there are waiting periods for specific covers.
- Total premiums, VAT and any other expenses, in an accurate and clear manner.
- Warning the Insurance Proposer of the consequences of providing incorrect data and information.
- Showing the outcome of cancelling the contract, in particular the manner premium refunds are calculated.
- Informing the Insurance Proposer about the importance of acquiring insurance consultancy from a licensed and registered Insurance Consultant.