SAADA PRODUCT
BEST SUITED FOR BUSINESS, SALARIED CLASS & CORPORATE CUSTOMERS.
Investment
Sharia’h Compliant Pure Protection Plan
Life is full of uncertainties. And to keep ahead of them you need to plan ahead.
Saada Takaful Plan is a pure protection plan that offers you comprehensive and affordable coverage for a chosen period of time to suit your needs.
Key Featuress
• Avail Takaful Participation up to Rs. 500,000/- by contributing as low as Rs.5/day.
• You can customize the sum cover, coverage term and optional benefits to suit your need.
• Protect you family against loss of income and outstanding debts.
Benefits
Death Benefit: In the unfortunate event of loss of life, your beneficiaries will receive the Sum Cover plus Accumulated Distributable Surplus, if any.
Surplus Sharing
You will be entitled to the accumulated distributable surplus amount at completion of certificate term, where the certificate term is not less than four years.
Supplementary Rider
You also have the option to add any of below supplementary rider to enhance your coverage structure.
• Accidental Death Benefit
• Funeral Expense Benefit
Product Features
View basic features and descriptions below:
| BASIC FEATURES |
DESCRIPTION |
| Entry Age |
18 – 60 years. |
| Expiry Age |
Up to 65 Year |
| Minimum Sum Cover |
PKR 50,000 |
| Minimum Term |
5 year |
| Maximum Term |
20 years |
Other Terms
Waiting Period: A waiting period of 30 days will be applicable from the date of commencement, during this period only accidental claims will be entertained and sickness related coverage will be effective after lapse of waiting period.
Surplus Eligibility: Surplus will be distributable to the certificates with certificate term of minimum four years and all the due contributions have been paid in full.
Free Look Period: Certificate can be withdrawn within fourteen days of issuance and contribution can be refunded subject deduction of medical fee, if any.
Note: This is a marketing brochure only, please refer to the Participant Membership Document for detailed terms and conditions.