Education protection plan designed to safeguard your child's educational ambitions.
ABC Education Takaful Plan (Platinum) is a strategically crafted education protection plan designed to safeguard your child’s educational ambitions against unforeseen circumstances. This plan ensures uninterrupted financial support for your child’s education, offering financial protection by mitigating the impact of potential future challenges. Tailored for families with young children, ABC Takaful Plan empowers you to take proactive steps early on. By starting now, you can effectively manage and prepare for the increasing costs of education.
Get financial protection for yourself and your family
Shariah-compliant Halal returns
Enjoy surplus sharing in the Waqf Fund as additional gains
Accelerate your returns with additional contribution
In case of emergencies, you can avail hassle-free partial withdrawal
You can permanently withdraw your funds easily
You can add any of the following Takaful Benefits in addition to the main plan
Steady income for your family if you pass away
Additional financial support to your family in case of your accidental death
Extend your coverage/period for enhanced financial protection
Financial assistance in case of accidental death or dismemberment
You can receive daily financial assistance during hospitalization
Waive your contribution payments in case of disability
Financial support in case of permanent disability due to sickness
Financial assistance upon diagnosis of one of 22 critical illnesses such as cancer
Entry Age: 18 – 65 years
Maximum Age at Maturity: 85 years
Fund Switching: You can switch your funds free of charge 3 times in a year
Annual Contribution Limits: PKR 40,000 – 500,000
Membership Term: 10 – 55 years
Profit Sharing in the Waqf Fund: Takaful Operator shall be entitled to a share of 50% in the investment income on the basis of Modaraba
Admin Fee: PKR 180 per month with annual increment of 8%
Management Fee: Annual 1.50% of Net Asset Value (NAV)
Wakalah Fee on Takaful Contribution: 42% of each Takaful Contribution for benefits covered.
Bid Offer: 5% of bid offer charged on allocated contribution
Free Look Period: You may cancel your Membership within 14 days of the receipt of the Participant Membership Documents (PMD) by the Participant and refund of contribution subject to deduction of medical fee, if any
Mr. Abdur Rehman is 30 years old and married having 3 children, aged 7, 5, and 3 years respectively.
Note: Please treat the above illustration as an example only. Past performance is not indicative of future performance. Market volatility can significantly affect short-term performance. The value of investment can fall as well as rise. The investment risk shall be borne by the participant and actual maturity or surrender values may be lower or higher than the projected figures.
Bonus Allocation: From 6th & 10th year, 3% of additional units shall be allocated
From 11th year onward, 5% of additional units shall be allocated
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This is a Family Takaful product which has two distinct elements i.e., financial protection and investment. The investment component is linked to the performance of underlying assets under unit linked fund(s)
