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

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

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.
Bissoy MCQ

Related Questions

A policy taken with critical illness rider benefit is being assigned. Which type of assignment would suit the intended purpose because if the life insured is diagnosed with a critical illness, he only should receive the critical illness rider claim?
When critical illness rider benefit is payable?
A policy document for a money-back policy includes the statement of the proposal and declaration signed by the proposer form the basis of the contract's. In which main section of the policy document will this normally appear?
During a month, Jalil used 1/6 of his monthly salary for a car payment and an amount which is 1.25 times more than the car payment for rent. What fraction of his monthly salary did Jalil use that month the car payment and rent combined?
How can conflict benefit us ? Conflict can benefit us--
Choose the one which can be substituted for the given expression : A professional rider in horse races.
Fill in the blanks by using appropriate words : "A horse-rider has to adjust the saddle and----before riding"
In Variable life insurance, the death benefit and cash value of the policy _________ according to the investment performance of a special investment account into which premiums are credited.
A person buys a TV worth BDT 3,90,000 with a down payment of 40,000, including Tk. 5000 as first month's installment . How many more installments does he have to pay if his installments had to double after each successive payment?
Tahir gets paid travelling expense's according to the distance he drives in his car plus a weekly sum of Tk. 21 . He claims for 420 miles travelled and receives an expenses payment of Tk. 105 .What is the payment rate per mile ?