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What is Non-Linked Non-Participating Term Insurance?

A term insurance plan is the best way to get comprehensive insurance coverage at low premium rates. This plan provides financial security to your family members.  So, there are different types of term insurance plans available in the insurance market that take care of the liabilities and needs of your family when you are not around. While searching about a term plan, you may come across terms like non-linked and non-participating. Have you ever thought about what they are? Let us learn about these terms here. 

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What is a Non-Participating Insurance Plan?

A Non-Participating Life Insurance plan also called non-par products insurance is a plan in which as a policyholder you do not receive any additional benefits or bonuses as dividends stated by the insurance company at different time intervals. Simply put, the policyholder has no participation in the life insurer’s profits and doesn’t pay out any guaranteed benefits at the time of maturity.

In this, you are required to pay a premium amount and you get a predefined fixed insurance cover. The beneficiary/ nominee gets the amount of sum assured in an event of an unforeseen death of the policyholder.

What is a Non-Linked Term Insurance Plan?

As the name signifies, Non-Linked Plans are not linked to the market. The performance of these plans does not depend on the performance of any principal assets. In this, you pay a fixed amount of premium depending on the sum assured amount. Regardless of the market performance, your beneficiary/nominee receives the sum assured amount in case of your unforeseen death during the policy term.

Features of Non-Linked Non-Participating Term Insurance Plan

  1. Not dependent on Market Instability

    Non-linked plans such as term insurance plans do not depend on the secondary market performance. It is a pure life cover that is guaranteed, regardless of the financial market performance of the life insurer. This large cover helps your family remain financially stable in case of your absence and ensures that their goals are met.

  2. Returns Are Guaranteed and the Risk is low

    Non-linked and non-participating plans do not receive any share of profits or dividends earned by the insurer. They provide guaranteed returns at low risk.

Wrapping It Up!

When purchasing a term insurance plan, prioritize protection over investment. If you seek market-linked returns, consider ULIPs, or opt for endowment plans for guaranteed returns. Term insurance serves the primary purpose of mitigating the risk of premature death to ensure financial security for you and your family in your absence.
Therefore, grasp the fundamental intent of a term insurance policy before deciding. Select policies that align with your financial objectives and strive to build a diverse financial portfolio.


  • Q: What factors should you consider when choosing a non-linked, non-participating term insurance plan?

    When purchasing a non-linked, non-participating term insurance plan, it's advisable to consider the following factors:
    • Sum Assured: Select an appropriate coverage amount that adequately addresses your family's financial needs in the event of your absence.
    • Policy Tenure: Ensure the policy duration sufficiently covers the risk of premature death and associated financial loss.
    • Premium Paying Tenure: Assess your financial capability and opt for a premium payment period that aligns with your affordability. Options typically include single, limited, or regular premium payments.
    • Premium Payment Frequency: Choose a payment frequency—monthly, quarterly, half-yearly, or annually—that fits your budget and financial situation.
    • Optional Riders: Evaluate available riders that enhance protection and select those that best suit your coverage requirements.
  • Q: Can I add term insurance riders to increase the coverage in term insurance plans?

    Riders can be added to term insurance plans to expand coverage. Various riders are available, including:
    • Accidental Death Benefit Rider: Provides additional coverage for accidental deaths, offering an extra benefit in unfortunate events.
    • Accidental Death and Disability Benefit Rider: Covers both accidental deaths and disabilities, offering additional benefits if either of these circumstances occurs.
    • Waiver of Premium Rider: Waives future premiums if the policyholder passes away while the insured person is still alive during the policy term. Alternatively, it may cover disabilities and waive premiums if the policyholder becomes disabled during the policy term.
    • Critical Illness Rider: Includes coverage for specific critical illnesses. If the insured individual is diagnosed with one of these covered illnesses during the policy period, the rider provides benefits.

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