Investment Takaful Plan is designed to enable you build a fund to support you in your old age or before your retirement. It can also be used to provide for family’s needs in the event of your untimely death. Investment Takaful Plan’s key benefit is to provide financial security for you and your loved ones.
What are the benefits under the plan?
Certificate sum covered plus accumulated profit from investment is paid to the participant at the end of the takaful term.
In the event of unfortunate death before maturity, the sum covered plus the accumulated profit from investment is paid to the beneficiary.
How does the plan work?
Participant may choose a sum covered and contribution based on his/her capacity.
Participant must pay the contribution regularly till end of the term.
Sum Covered plus accumulated profit from investment will be payable at the end of takaful term to the participant.
In case participant dies in an unforeseen event, the Sum covered and accumulated profit from investment will be paid to the beneficiary.
Additional benefits available under the plan
By paying an additional contribution the Participant can avail the following rider Benefits:
In case of Total Permanent Disability due to accident during the term of certificate Ayady Takaful will pay an amount equal to sum covered as TPD.
If the participant is diagnosed with a long term illness (those illnesses which are mentioned in the certificate) during the term of the plan, then Ayady Takaful will pay an amount equal to sum covered as Critical Illness.
Above benefits are limited to a maximum of MVR 500,000 each.
A 20 year old person takes a certificate of sum covered MVR100,000.
The contribution to be paid and the benefits are as follows:
|Takaful Term (Years)||Monthly Contribution (MVR)|