Non-participating (non-par) Life Insurance

Non-participating, or non-par, life insurance is a type of life insurance that does not let policyholders share in the insurer's profits. Policyholders do not receive returns linked to the company's financial performance, and the policy's benefits and premiums are usually fixed rather than changing with profits or investment results.

This kind of life insurance gives fixed benefits, but you do not get extra bonuses from how well the insurance company performs.