ابدأ بالتواصل مع الأشخاص وتبادل معارفك المهنية

أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.

متابعة

In the insurance industry, what do you understand on the the term "participating" and "non participating" insurance plan?

user-image
تم إضافة السؤال من قبل Mohamad Faizal Abdul Sani , Senior Manager, Compliance Governance , RHB Banking Group
تاريخ النشر: 2014/05/22
Mohamad Faizal Abdul Sani
من قبل Mohamad Faizal Abdul Sani , Senior Manager, Compliance Governance , RHB Banking Group

Good answer!

Subhranshu Ganguly
من قبل Subhranshu Ganguly , Quality Analyst. , WIPRO

Sir

I think this term is used in life insurance long term endowment plans. There are pure risk plans where the LIFE COVERAGE is highest but you do not participate in the profits made by the LIFE FUND  of the Life insurance Co.

And there are other plans where primium per thousnd of life assured is hiher but you particpate in the profits.

As a normal person I do not want to die. But if that eventuality does happen i want my dependents protected. And If I survive I want a return on the sum invested. Here  a participating policy would be useful.

Working  as a marketing executive for life insurance corporation of India I can say selling a participating with profir policy is easier to a normal middle class salaried person.

A without profit non participating policy is for the hard nosed bussinessman who wants the cheapest life cover.

المزيد من الأسئلة المماثلة