Flexi Savings Takaful Plan

The Halal and Ethical way to fulfill your financial protection and savings needs

Flexi

Flexi Savings Takaful Plan is a versatile solution for securing your family’s financial future. With easily accessible withdrawals, education benefits tailored to your needs, and inflation protection options, it offers flexibility and control to achieve long-term goals. Empower your loved ones with financial protection, while maintaining full control over your savings.

Core Benefits

Coverage / Protection

Get financial protection for yourself and your family

Halal & Competitive Return

Shariah-compliant Halal returns

Surplus Sharing

Enjoy surplus sharing in the Waqf Fund as additional gains

Top Up Option

Accelerate your returns with additional contribution

Partial Withdrawal

In case of emergencies, you can avail hassle-free partial withdrawal

Permanent Withdrawal

You can permanently withdraw your funds easily

Supplementary Takaful Benefits

You can add any of the following Takaful Benefits in addition to the main plan

Family Income Benefit

Steady income for your family if you pass away

Accidental Death

Additional financial support to your family in case of your accidental death

Additional Term

Extend your coverage/period for enhanced financial protection

Accidental Death & Dismemberment

Financial assistance in case of accidental death or dismemberment

Hospital Daily Allowance

You can receive daily financial assistance during hospitalization

Waiver of Contribution

Waive your contribution payments in case of disability

Permanent Total Disability (Sickness)

Financial support in case of permanent disability due to sickness

Critical Illness

Financial assistance upon diagnosis of one of 22 critical illnesses such as cancer

Example

Mr. Abdur Rehman is 35 years old and married having 3 children, aged 7, 5, and 3 years respectively.

Assumed Particulars

Age

35 years

Membership Term

25 years

Contribution Term

10 years

Annual Contribution

PKR 75,000

Face Value

PKR 750,000

Fund Strategy (Default)

Mustehkam Munafa: 100%

Expected Growth Rate

10%

Expected Benefits Payable

At Maturity

PKR 2,974,345

On Death

Face Value or Cash Value (Whichever is higher)

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.

Fund Strategy

Conservative

Low risk and steady growth

Balanced

Balanced risk and balanced growth

Aggressive

High risk and high return

Mustehkam Munafa (Default)

Low risk and growth capital

Allocation Fee(s)

Membership Year

1

2

3

4

5 to 6

Percentage of Regular Contribution

55%

15%

10%

8%

0%

Bonus Allocation: From 7th & 10th year, 3% of additional units shall be allocated
From 11th year onward, 5% of additional units shall be allocated.

Membership Features

Entry Age:  18 – 65 years

Maximum Age at Maturity: 85 years

Annual Contribution Limits: PKR 50,000 – 500,000

Admin Fee: PKR 180 per month with annual increment of 8%

Management Fee: Annual 1.50% of Net Asset Value (NAV)

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.

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Disclaimer

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)

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