Which document outlines the coverage terms and conditions for an insured individual?

The policy document is the primary legal contract between the insured and the insurer. It details the specific terms and conditions of the coverage, including what is covered, exclusions, limitations, the duration of the coverage, and the benefits provided. This document serves as the foundation for understanding the rights and responsibilities of both parties involved in the insurance agreement.

The application form, while important for initiating coverage and providing essential personal and medical information to the insurer, does not include terms of coverage. An insurance brochure is typically a marketing tool that gives a general overview of the insurance products offered, but it lacks the detailed legalities and specifics found in a policy document. The premium receipt, on the other hand, is simply proof of payment for the insurance premium and does not outline the coverage terms. These documents serve different purposes, but the policy document is the definitive source for understanding the coverage provided.