On payment of a rider benefit, what happens to a policy contract?

A. Ceases

B. Dies

C. Cancelled

D. Continues

Answer: Option D

Solution(By Examveda Team)

On payment of a rider benefit, a policy contract continues. A rider is an add-on to the primary policy, which offers benefits over and above the policy subject to certain conditions. One way to maximize the benefits on your life insurance policy and to customize it to suit your specific needs is by opting for riders.