Personal Accident Takaful Plan
Accidents can happen when you least expect. Is your family financially secured if something unfortunate were to happen to you (God forbid), leaving you unable to support them anymore?
Now for less than SAR 1 per day, you can protect yourself and your family from the financial burden of an accident. With our Personal Accident Takaful Plan, we provide financial protection customised for your personal accidents so that your family will not be financially burdened should something unexpected happen to you (God forbid). This will give you time to enjoy your today and tomorrow with greater peace of mind. What’s more, we also assure you that this plan is Shariah compliant.
So whatever you do, give your loved ones the financial protection they need.
Benefits at a glance
Peace of mind
You can rest assured that this plan is 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
The surplus for distribution to Participants in the relevant financial year shall be the Takaful Surplus less the Performance Incentive Fee. The distribution of surplus would be subject to approval of the competent authorities, if required, and of the Board of Directors of the Company.
Affordable contribution
Contributions to this plan start from as low as SAR 125 per year, or less than 40 halala a day.
Family accident protection
We provide family accident protection coverage of up to SAR 500,000 for you and your family in the event of death and/or permanent disability (God forbid).
Medical expenses benefit
If you are injured in an accident, we will reimburse your medical expenses for treatment of the injury for up to SAR 10,000.
Repatriation expenses benefit
In the unfortunate event of accidental death (God forbid), we will cover up to SAR 10,000 of expenses incurred in transporting mortal remains to your country of domicile.
Choice of contribution payment
You can choose to pay your contribution amount annually using your credit card or directly debiting your bank account.
Choice of family protection coverage
You have the option to choose any one of our four levels of cover that best suit your needs and budget, starting from as low as SAR 50,000 to a maximum of SAR 500,000.
Eligibility
Individuals aged between 18 and 65 years are eligible for this plan. Your spouse and children (6 months to 17 years inclusive) are also entitled to participate.
Automated and guaranteed renewal
You can choose to renew your plan automatically every year and guarantee the coverage up to the age of 65 years, regardless of health.
Cooling-off period
Cancellation of the plan is allowed within 21 days, from the date of dispatch of the plan to you, with full refund of your contribution.
Schedule of covers and contributions
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Benefit
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Plan A
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Plan B
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Plan C
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Plan D
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Family accident coverage
i. Death
ii. Total permanent disability
iii. Permanent partial disability
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SAR 50,000
100% of benefit amount
As per scale
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SAR 100,000
100% of benefit amount
As per scale
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SAR 250,000
100% of benefit amount
As per scale
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SAR 500,000
100% of benefit amount
As per scale
|
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Medical expenses coverage
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Up to SAR 10,000
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Repatriation coverage
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Up to SAR 10,000
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The coverage for Children for death and the disabilities is 25% of the selected plan. For medical and repatriation expenses, the Children will receive 100% of the benefit listed under each plan.
Secure and protect your loved ones today.
Apply for Personal Accident Takaful Plan now!
Contract issue is subject to plan terms and conditions.
