DFTL’s Retirement Endowment &Unit Linked Investment Plan

This plan should be offered to bread winners, ranging from low-income to high net worth individuals, who wish to lead a financially independent post-retirement life. A Shari’ah Compliant Financial protection and investment vehicle, providing benefits of Retirement Endowment plan i.e. Sum Covered plus Cash Value at Death as well as Maturity (Post Retirement Age).


provides you endowment benefit at retirement, or in case of earlier DEATH pays such benefit to your dependents.


is an Investment-Linked Takaful Plan that allows you to invest your regular contributions in our managed SHARIAH funds of your choice.


You may decide any amount of regular contribution to the Participant Investment Account (PIA), subject to minimum. These will be used to purchase investment Units in our SHARIAH managed funds; Income Fund, Balanced Fund and Agressive Fund. You may invest in any combination depending on your risk appetite and desired returns. The funds in the PIA (including profits) belongs to you. It shall be payable in following cases; death, partial withdrawal, surrender, or at maturity.


The Waqf provides financial compensation in case of DEATH in consideration of your Tabarru’ (donation) to the Waqf fund, based on compensation desired. You can enhance the benefit by attaching optional riders subject to additional payment of Tabarru’.


At maturity you will be paid an endowment sum plus your PIA fund.


The regular contribution is limited to 10 ,15 or 20 years, and maturity age at 60 , 65 , 70 or 75 years. You may choose any combination to suit your retirement plans.

Product Features

View basic features and descriptions below:

Basic features Description
Entry Age 18-65
Minimum Contribution
Mode Amount
Monthly PKR 7,500/-
Quarterly PKR 7,500/-
Semi Annual PKR 7,500/-
Annually PKR 12,500/-
Maximum Contribution No Limit.
Term of Contribution 10,15 to 20 years.
Maturity Age 60, 65, 70 or 75 years.
Minimum Sum Cover Five (5) x Annual Contribution, or PKR 100,000 whichever is higher.
Maximum Sum Cover Contribution Term x Annual Contribution.
Benefits on Death Sum Cover.
Net PIA value accumulated at the time of death.
Surplus from the Waqf fund, if any
Benefits at Maturity Sum Cover.
Net PIA value accumulated at Maturity.
Surplus from the Waqf Fund, if any.
Free Look Period Certificate can be cancelled within fourteen (14) days of issuance and refund of Contribution subject to deduction of medical fees.

Contribution Re-direction The choices of Investment Funds into which the Contributions are invested can be changed at any time.
Changes to take effect from next Contribution payment.
Top Up Contribution Additional investment into the PIA is allowed at any time.
The Units shall be allocated at the prevailing offer price.
Fund Switching Units may be switched from one Fund to another at anytime.
The minimum value of Units that may be switched is PKR 20,000 or the entire Units holding in that Fund(s), whichever is lower.
One free switching per year, thereafter a fee of PKR 300 will be applicable.
Change in Contribution Contribution can be changed subject to minimum amount.
Changes to take effect from next Certificate anniversary date.
Change in Sum Cover Sum Cover can be changed subject to Minimum/Maximum limits.
Changes exceeding Non-Medical Limit subject to underwriting.
Changes to take effect from next Certificate anniversary date.
PIA Fund Management Fee
(Wakala Tharawat Fee)
1.50% per annum of PIA Fund Value.
Partial Withdrawal (from PIA) Partial withdrawal from regular basic plan (PIA) can be made after payment of 3rd year contribution.
Minimum withdrawal at least PKR 10,000.
Minimum balance after withdrawal must be at least PKR 30,000 or 20% of pre-withdrawal value, whichever is higher.
Withdrawal fee PKR 300.
Surrender of Certificate Surrender can be made at any time after payment of 3rd year contribution.
The balance in PIA less indebtednes, if any, shall be payable.
Surplus from Waqf (if any).
The Certificate shall terminate.
Loyalty Rewards After payment of 11th years Contribution and onwards an annual "Loyalty Rewards" is payable @ 5% of annual basic contribution as extra contribution allocation to participant's investment account (PIA).
Supplementary Riders
Accidental Death benefit (ADB).
Accidental Death & Disablement Benefit (ADDB).
Critical Illness (CI).
Funeral Expense Benefit (FEB).
Total Permanent Disablement (TPD)
Family Income Benefit (FIB).
Family Protection Benefit (FPB).
Waiver Of Contribution (WOC).
Shareek-e-Zindagi (SPB).
Additional Takaful Benefit (ATB).
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