The correct answer is: C. Non-participating policies could be offered in linked or non-linked platform.
A. Par policies do participate in the profits of the insurance companies.
B. Under Traditional plans, investments are made under the supervision of the insurance regulator.
D. Non-par policies are without profit policies.
A participating policy is a type of life insurance policy in which the policyholder shares in the profits of the insurance company. The policyholder’s share of the profits is typically paid out in the form of dividends, which are added to the policy’s cash value.
A non-participating policy is a type of life insurance policy in which the policyholder does not share in the profits of the insurance company. The premiums paid for a non-participating policy are typically lower than the premiums paid for a participating policy.
A linked policy is a type of life insurance policy in which the cash value of the policy is linked to the performance of an underlying investment, such as a mutual fund or stock index. The value of the cash value of a linked policy can fluctuate up or down, depending on the performance of the underlying investment.
A non-linked policy is a type of life insurance policy in which the cash value of the policy is not linked to the performance of an underlying investment. The value of the cash value of a non-linked policy is guaranteed by the insurance company.