SAADA PRODUCT

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Free Look Period: Certificate can be withdrawn within fourteen days of issuance and contribution can be refunded subject deduction of medical fee, if any.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.

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