Insurance

Non-participating policy

A non-participating policy, also referred to as a without-profit or non-par policy, is a type of life insurance where the policy owner does not receive any share of the divisible surplus earned by the insurance company. This means that no bonuses are paid out on this policy. Essentially, the policy owner does not have a say in how the surplus is distributed.

Related terms

Identity theft insurance

Understand the meaning and definition of Identity theft insurance in the context of stock market, trading, and investments.

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Ancillary charges

Understand the meaning and definition of Ancillary charges in the context of stock market, trading, and investments.

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Life insurance

Understand the meaning and definition of Life insurance in the context of stock market, trading, and investments.

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Medical payments insurance

Understand the meaning and definition of Medical payments insurance in the context of stock market, trading, and investments.

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In Force

Understand the meaning and definition of In Force in the context of stock market, trading, and investments.

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Named insured

Understand the meaning and definition of Named insured in the context of stock market, trading, and investments.

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