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

Floater policy

Understand the meaning and definition of Floater policy in the context of stock market, trading, and investments.

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Void

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Proposal Form

Understand the meaning and definition of Proposal Form in the context of stock market, trading, and investments.

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General average clause

Understand the meaning and definition of General average clause in the context of stock market, trading, and investments.

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Participating Policy

Understand the meaning and definition of Participating Policy in the context of stock market, trading, and investments.

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Tortfeasor

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

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