Skip Ribbon Commands
Skip to main content

Need help? Call 1-800-270-7000

To offer you an enhanced website experience we have revamped this section. Remembering your User Name & Password just got simpler.

Convert your 10 digit CIP number to a User Name of your choice and select a password you can remember with ease.

If you are having trouble logging in, check if you have typed in the correct User Name or type the old 10 digit CIP number (if you are a 1st time user).

Cookies need to be enabled in your Internet browser in order for you to Login. You need to go to Internet options > Privacy > Advanced > Select the "Accept" or "Prompt" option under "First Party Cookies" > Click Ok

Important: W.e.f 1st July 2017, GST will be levied on Life Insurance Premium as per the applicable tax rates. To know the rate that will be applicable to your specific policy please click here

What is the difference between participating and non-participating policy?

Don’t you always look for different options when you are out shopping? Well, you should do this with insurance policies as well so that you buy the most suitable policy.

When you go shopping, you compare different options, choose the best out of the lot and then negotiate for the right price. So why not compare two different types of policies—participating and non-participating policies—while buying life insurance? This will enable you to make an appropriate choice according to your needs.

Highlighted below are some differences between both the types of insurance policies:

Participating policy
Non-participating policy
A participating policy enables you as a policy holder to share the profits of the insurance company. These profits are shared in the form of bonuses or dividends. It is also known as a with-profit policy.
In non-participating policies the profits are not shared and no dividends are paid to the policyholders. This type of policy is also known as a without-profit or non-par policy.
The bonuses or dividends are usually paid out annually.
In case of a non-participating policy, there is no bonus or dividend paid to the policyholder.
Payment guarantee
The bonus that is given in this policy is not guaranteed. It is based on the performance of the insurance company.
There are no payments in non-participating policies because the profits are not shared.
The most important benefit of participating policies is that it not only provides protection, but also provides returns in the form of a bonus.
The premiums are a little lesser than participating policies.
ULIPs or Unit Linked Insurance Plans that pay bonuses or dividends can be classified as participating policies.
A term insurance or permanent life insurance policy is a non-participating policy.

Buy Term Insurance Online
Date of Birth:
Tobacco Consumption:
Desired policy cover:
Toll free (Within India):

Outside India:
+91 22 66917777
(Call charges apply)

Between 9 am to 9 pm, Monday to Saturday

Insurance Dictionary

Quick Links


Need help? Call 1-800-270-7000
Posted Date :
Subject :
Message :


Need help? Call 1-800-270-7000
Are you sure you wish to delete the selected Notification(s)?

Daily NAV's

This site is best viewed with resolution 1024x768 in Internet Explorer 8.0

For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.

Trade Logo displayed above belongs to SUN LIFE ASSURANCE COMPANY OF CANADA and ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED and used by BIRLA SUN LIFE INSURANCE COMPANY LIMITED as per terms and conditions of license Agreement.

Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. CIN: U99999MH2000PLC128110 Registration No. 109.


IRDAI clarifies to the public that,
  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with the details of the phone call.