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Education Takaful Plan

Education Takaful Plan

Enjoy 20% discount on the participation fees of the first year

Secure a better future for your child

As a parent, you want to give your children a head start in life. A planned higher education can help your child secure a better future and pave their way towards a successful life.

That's why, it is important to start planning ahead for your children’s education. Our Education Takaful Plan offers personalised financial solutions that can help you build your wealth over time, ensuring you will have sufficient funds by the time your children are ready to enroll in a university. For added peace of mind, SABB Takaful will pay all future contributions to the plan should something unexpected happen to you (God forbid) during the term of the plan. This means, you can now enjoy your today and tomorrow with greater peace of mind. We also assure you that this plan is fully Shariah compliant.

The key to securing a better future for your child is in your hands. Start investing today so that you can afford the best education for your children’s tomorrow.

Benefits at a glance

 Peace of mind

You can rest assured that this plan is fully Shariah compliant and is approved by SABB’s Shariah Committee. The Shariah Committee members are:

  • Sheikh Abdullah Bin Sulaiman Al Manea
  • Sheikh Dr. Abdullah Al Mutlaq
  • Sheikh Dr. Muhammed A. Elgari Bin Eid

 Takaful surplus sharing

You may be eligible to receive a share of any declared surplus* from the Takaful Fund.

 Waiver of future contribution

In the event of death or total and permanent disability (God forbid), all future contributions to the plan will be waived while the plan remains effective until maturity.

 Affordable contribution and ease of payment

Contribution to this plan starts from as low as SAR 750 per month. You can opt for monthly, quarterly, semi-annual or annual contribution payment using your credit card or by directly debiting your bank account.

 Flexible top-up scheme

You may top-up your plan whenever you are comfortable to do so by increasing your regular contribution or by a lump sum contribution.


Your appointed beneficiaries are entitled to receive the payout in the event of your untimely death or total and permanent disability (God forbid).

 Professional advice

SABB's Financial Advisors will assist you in structuring a plan to finance your children's higher education. The amount and term of your plan will depend on the number of your children and their current age.


You may enroll in this plan if you are between aged 18 and 55 years.

 Flexible term period

You may choose a plan term starting from a minimum period of 5 years to a maximum of 30 years, subject to a maximum age of 65 years upon maturity.


More Benefits

 Option for additional benefit

You may choose to add accidental death benefit, accidental medical benefit, critical illness benefit and partial permanent disability benefit to your plan for a more comprehensive coverage.

 Choice of investment strategies and funds

We are able to take advantage of the local knowledge and expertise of our affiliate, HSBC Saudi Arabia Limited through whom SABB Takaful offers a range of investment strategies and funds to meet your needs.

 Choice of maturity payout

Upon maturity, you may choose to receive the full fund value as a lump sum, in regular instalments or in a combination of both.

 Start planning for your children’s education today!

This Plan is underwritten by SABB Takaful Company
P.O. Box 9086, Riyadh 11413,
Kingdom of Saudi Arabia Tel.: +966 11 299 1666, Fax: +966 11 276 4463,

Contract issue is subject to plan terms and conditions.

*Distribution of the declared surplus is in accordance with the Co-Operative Insurance Companies Control Law of the Kingdom of Saudi Arabia and subject to the approval of the Board of Directors of SABB Takaful Company.