Yes, Peltiers are ceramic, so that is not the problem.
Fahim's problem is probably because he wants to be sure two pins are not un-intentionally shorted. ...
Fahim, thermal pads are electrical isolators, so no worries..
With thermally conductive paint, you just have to use very small amount, only where it is needed and be careful not to mess everything with with it (which is sometimes very hard to do..)
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