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    Question

    Which of the following is an optional feature that can

    be added to a policy?
    A Rider Correct Answer Incorrect Answer
    B Annuity Correct Answer Incorrect Answer
    C Sum Assured Correct Answer Incorrect Answer
    D Maturity Value Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    A rider is a provision of an insurance policy that adds to or amends the coverage or terms. Most riders add coverages for an additional cost. However, some restrict coverages for named conditions. Standard policies usually leave little room for modification or customization beyond choosing deductibles and coverage amounts.

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