| BASIC FEATURES
|| 18 – 55 years.
| Term of Contribution
|| 5 Years.
| Term of Cover
||Minimum Term: 5 Years
Maximum Term: Maximum 30 Years, or up to age 60 whichever is less.
| Cover Multiple
|| 5 to 10
|Termination of Certificate (after payment of 3rd year’s contribution)
||(a)Participant’s Investment Account Value (PIA) +
(b) Distributable Surplus from Waqf, if any
The ownership of the units will rest with the Takaful Operator for the first two policy years. Ownership will be transferred to the participant’s individual account after the receipt of third year’s contribution.
| Death Benefit
||(a)Higher of Sum Cover or Participant’s Investment Account Value (PIA); +
(b) In case of Accidental Death Additional Sum Cover; +
(c) Distributable Surplus from Waqf, if any.
|| 5.0% of Basic Plan Contribution during 5th Year.