{"id":69,"date":"2022-12-22T05:11:04","date_gmt":"2022-12-22T05:11:04","guid":{"rendered":"http:\/\/rohitprakash.cdrmwebsolutions.com\/?page_id=69"},"modified":"2023-01-09T07:45:11","modified_gmt":"2023-01-09T07:45:11","slug":"participating-life-insurance","status":"publish","type":"page","link":"https:\/\/prakashfinancial.com\/participating-life-insurance\/","title":{"rendered":"Participating life insurance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"69\" class=\"elementor elementor-69\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1798e91 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1798e91\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-807bfc8\" data-id=\"807bfc8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c34db4a elementor-widget elementor-widget-heading\" data-id=\"c34db4a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Participating life insurance\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8f38022 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8f38022\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0a6dd40\" data-id=\"0a6dd40\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f90f2af elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f90f2af\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-26f2e3a\" data-id=\"26f2e3a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d1d094 elementor-widget elementor-widget-text-editor\" data-id=\"7d1d094\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\tAs the name suggests, participating insurance policy empowers the policy holder to participate in the company\u2019s profit making. The main difference between non-participating and participating plan is that the former only gives the guaranteed benefits to the insured person; while the later pays him the company dividend also.The insurance company shares the profit with its participating policy holders on a yearly basis. The company used to pay the profit share in either of two ways \u2013 dividend or bonus. Now it is up to the insured person how he uses that amount. He can use it to pay the premium; or use it to generate further interest on the dividend. However, unlike the guaranteed benefits of non-participating policies, the bonus payment is not guaranteed in participating policy. The bonus is paid only if the company makes profit. It all depends on the performance of the insurance company.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1ea26c8\" data-id=\"1ea26c8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d5b183 elementor-widget elementor-widget-image\" data-id=\"7d5b183\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"735\" src=\"https:\/\/prakashfinancial.com\/wp-content\/uploads\/2023\/01\/life-insurance-protection-beneficiary-safeguard-concept-1024x735.jpg\" class=\"attachment-large size-large wp-image-1005\" alt=\"\" srcset=\"https:\/\/prakashfinancial.com\/wp-content\/uploads\/2023\/01\/life-insurance-protection-beneficiary-safeguard-concept-1024x735.jpg 1024w, https:\/\/prakashfinancial.com\/wp-content\/uploads\/2023\/01\/life-insurance-protection-beneficiary-safeguard-concept-300x215.jpg 300w, https:\/\/prakashfinancial.com\/wp-content\/uploads\/2023\/01\/life-insurance-protection-beneficiary-safeguard-concept-768x551.jpg 768w, https:\/\/prakashfinancial.com\/wp-content\/uploads\/2023\/01\/life-insurance-protection-beneficiary-safeguard-concept-1536x1102.jpg 1536w, https:\/\/prakashfinancial.com\/wp-content\/uploads\/2023\/01\/life-insurance-protection-beneficiary-safeguard-concept-2048x1469.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-0da554d elementor-widget elementor-widget-text-editor\" data-id=\"0da554d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tThe premium amounts are generally on the higher side in comparison to the non-participating policies.Again, comparing between participating and non-participating policies is a difficult task. Both are unique in their form and nature. Non-participating policies are for those who want to draw benefits from less investment. But individuals who are willing to earn a regular interest from the company, participating policy is the suitable option for them.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-06bfaef elementor-align-center elementor-widget elementor-widget-button\" data-id=\"06bfaef\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-lg\" href=\"https:\/\/rohitprakash.thelinkbetween.ca\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Read More..<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Participating life insurance As the name suggests, participating insurance policy empowers the policy holder to participate in the company\u2019s profit making. The main difference between non-participating and participating plan is that the former only gives the guaranteed benefits to the insured person; while the later pays him the company dividend also.The insurance company shares the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"_links":{"self":[{"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/pages\/69"}],"collection":[{"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/comments?post=69"}],"version-history":[{"count":22,"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/pages\/69\/revisions"}],"predecessor-version":[{"id":1527,"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/pages\/69\/revisions\/1527"}],"wp:attachment":[{"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/media?parent=69"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}