When it comes to insurance policies, it’s important to understand different types available in the market. A common distinction between them is that some are par and others are non-par insurance policies. These terms refer to how the policies handle the distribution of profits or dividends. While par or participating insurance policies are contracts that allow policyholders to participate in the profits and surplus of the insurance company, non-par or non-participating policies do not do so. These are commonly associated with traditional life insurance policies. Let us delve deeper into the features of these policies and what they offer.