What must be included in an insurance policy summary?

In an insurance policy summary, it is essential to include coverage limits, exclusions, premium amounts, and benefits, as these elements provide a comprehensive overview of what the policy entails. The coverage limits detail the maximum amount an insurer will pay in the event of a claim, while exclusions indicate what is not covered under the policy. Premium amounts inform the policyholder of the cost of the insurance coverage, and benefits describe what is available to the insured. This combination of information gives a clear and concise perspective on the policy, helping consumers understand their rights and obligations.

While other options may touch on certain aspects of an insurance policy, they do not offer the complete picture necessary for policyholders to make informed decisions. For example, focusing solely on premium amounts, just benefits, or the names of policyholders does not adequately inform the insured about critical aspects of the policy, which could lead to misunderstandings or misinformed decisions regarding coverage. Therefore, a thorough summary including all these components is crucial for clarity and transparency in the insurance process.