The product is a non-participating, non-unit linked policy. Meaning, the policyholder does know participate in the bonus, add-ons or any dividend declared by the company depending on the profit. Also, non-unit linked means that the product is not exposed to the equity markets.
This is not a product recommendation or outright rejection. The product has its own benefits for the people who do not understand the basics of investing or who have a faint heart for the financial market volatility. You must consult with your financial planner before taking any decision.