A life insurance policy can only be made paid up if what particular policy feature exists?

The correct answer is: D. Savings element.

A savings element is a feature of a life insurance policy that allows the policyholder to accumulate a cash value over time. This cash value can be used to pay for the premiums, to provide a death benefit, or to be withdrawn by the policyholder.

A life insurance policy can only be made paid up if the policyholder has accumulated enough cash value to cover the future premiums. This is because a paid-up policy does not require any further premiums to be paid.

The other options are not necessary for a life insurance policy to be made paid up.

• Indexing contribution is a feature of a life insurance policy that allows the policyholder to increase the premiums over time in line with inflation. This is not necessary for a policy to be made paid up.
• Nomination facility is a feature of a life insurance policy that allows the policyholder to nominate a beneficiary to receive the death benefit. This is not necessary for a policy to be made paid up.
• Rider benefits are additional benefits that can be added to a life insurance policy, such as accidental death benefit or waiver of premium. These are not necessary for a policy to be made paid up.