Hi folks 🙂
Is anyone reading this blog post with your tablet PC? Your tablet PC never lets you bored, right? There is one more useful thing that tablet PCs can work! That’s electronic signatures (e-signature).
When signing for an insurance contract, we usually turn over pages and pages. An insurance contract is usually 30 page-long, containing all the details of the insurance along with the application form. Can you guess how many sheets of A4 sized-paper are used annually for insurance contracts? It’s around 153 million pages! However, as we all do, the signed contacts are kept in the back of a drawer for ages.
Considering that it is a waste of paper, the FSC amended ‘Enforcement Decree of the Insurance Business Act’ at the end of last year. This amendment let electronic signatures on a table PC replace the paper-based signatures for insurance contracts. As well as the papers being saved, insurance companies can improve their efficiencies of operations. This is because they no longer need to visit each of their customers to get the contract paper signed, which allows a great time-saving.
Any benefits to the insurance holders? They can more easily understand the details of their insurance products, as the tablet PCs are good at visualizing the information. It’s more easily understandable by the customers. Also, some insurance companies offer a discount, if a customer does e-signature.
So, if you are to sign a contract for insurances, do ‘e-signature’. Keep your pen and paper under the desk 🙂