Care Takaful Plan
Have you thought about what would happen to your family if something unexpected happen to you (God forbid) and you are not able to provide for them? Would they be able to support themselves financially?
We understand the importance of maintaining your family’s standard of living. Our Care Takaful Plan provides personalised financial protection coverage for your family for an agreed period of time against any unexpected event that could happen to you (God forbid). With such care, you can now enjoy your today and tomorrow with greater peace of mind. What’s more, we ensure you that this plan is fully Shariah compliant.
Life is full of uncertainties and you can never predict what will happen in the future. Whatever the situation might be, we will help you maintain your family’s financial comfort.
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.
Coverage amount
You are covered for an agreed amount for a specific period of time, should something unexpected happen to you. At the end of the period, if no claims are made, the plan expires.
Fixed contribution
Your contribution amount is fixed at the start of the plan and remains unchanged throughout the term.
Convenient contribution
You may opt for monthly, quarterly, semi-annual or annual contribution payment using your credit card or by directly debiting your bank account.
Professional advice
SABB’s Financial Advisors will assist you in your personal financial review and help you determine the level of protection you need, relevant to your current financial situation and objectives.
Eligibility
You may enrol in this plan if you are aged between 18 and 65 years.
Flexible term period
You may choose a plan term starting from a minimum period of 3 years to a maximum of 30 years, subject to a maximum age of 70 years upon maturity.
Family Takaful benefit
The standard entitlement amount for the Family Takaful benefit in this plan is based on the protection amount that you have chosen.
Beneficiaries
Your appointed beneficiaries are entitled to receive the Family Takaful benefit in the event of your untimely death (God forbid) during the plan period.
Option for additional coverage
For a more comprehensive coverage, you may choose to add total and permanent disability benefit, in addition to the Family Takaful benefit.
Start planning for your family today!
Contact us for a complimentary personal financial review now.
