The document—now more commonly found in electronic than in paper form — that provides insurer and agent with a quick reference to all pertinent information relative to a contract of insurance such as insured’s identification, location, coverage, term, or premium. Sometimes referred to as a daily report.

Many insurers offer daily allowance cover in case the vehicle meets with an accident and is undergoing repair

This cover is available in the event of damage to the vehicle by an insured peril wherein time taken to repair the damage or recovery will exceed 3 days. The policy will pay costs incurred for hired transport up to 10 days for normal damages and 15 days for TL/CTL losses during the policy period. The period starts from the following calendar day of the vehicle reaching the insurers authorized repairers and ends on the date of repairers intimation to take delivery. Time taken for repair to items not related to accident will not be allowed. The allowance ranges from Rs. 600 to Rs. 2,000 per day depending on the category of vehicles. Repairs to be undertaken at insurers authorized repairers. Claim solely for damage to windscreen or glass is not admissible for this cover.

Product is available in the form of a fixed daily allowance which could be used to cover the unexpected and incidental costs associated with hospitalization (such as travel and stay costs of an attendant). It provides the insured with a daily cash benefit ranging from Rs. 500 to Rs. 2000 for each 24 hours spent in the hospital, which can be availed as per the specific needs of the insured. Available on standalone basis and also as an optional component of some packaged health insurance policies.

A condensed statement containing relevant policy information sent to the insurer, the agent, and select others. This is usually the top page of the policy.
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An abbreviated statement of pertinent policy information with copies for the insurer, the agent, and others. It is usually the top page of a policy.